1stdibs.Com’s (DIBS) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of 1stdibs.Com (NASDAQ:DIBS) in a report published on Saturday morning,Weiss Ratings reports.

Separately, JMP Securities reaffirmed a “market perform” rating on shares of 1stdibs.Com in a research note on Monday, December 16th.

1stdibs.Com Stock Performance

NASDAQ DIBS opened at $4.00 on Friday. 1stdibs.Com has a 52-week low of $3.37 and a 52-week high of $6.30. The company has a fifty day moving average of $3.68 and a 200-day moving average of $4.14. The company has a market capitalization of $146.04 million, a P/E ratio of -9.52 and a beta of 0.96.

1stdibs.Com (NASDAQ:DIBS) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The firm had revenue of $21.19 million for the quarter, compared to analysts’ expectations of $21.61 million. 1stdibs.Com had a negative net margin of 18.94% and a negative return on equity of 13.55%. During the same period in the prior year, the business posted ($0.08) earnings per share. As a group, analysts forecast that 1stdibs.Com will post -0.52 EPS for the current fiscal year.

Insider Activity

In related news, insider Matthew Rubinger sold 12,002 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $3.94, for a total transaction of $47,287.88. Following the transaction, the insider now directly owns 12,477 shares in the company, valued at $49,159.38. This trade represents a 49.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.28% of the stock is currently owned by corporate insiders.

Institutional Trading of 1stdibs.Com

A number of institutional investors have recently made changes to their positions in DIBS. State Street Corp raised its holdings in 1stdibs.Com by 2.1% during the 3rd quarter. State Street Corp now owns 294,330 shares of the company’s stock valued at $1,298,000 after buying an additional 5,985 shares during the last quarter. Barclays PLC raised its stake in shares of 1stdibs.Com by 286.6% during the third quarter. Barclays PLC now owns 34,182 shares of the company’s stock valued at $150,000 after acquiring an additional 25,341 shares during the last quarter. Joel Isaacson & Co. LLC boosted its holdings in shares of 1stdibs.Com by 24.0% during the third quarter. Joel Isaacson & Co. LLC now owns 869,612 shares of the company’s stock worth $3,835,000 after purchasing an additional 168,226 shares during the period. Harspring Capital Management LLC boosted its holdings in shares of 1stdibs.Com by 83.2% during the third quarter. Harspring Capital Management LLC now owns 440,377 shares of the company’s stock worth $1,942,000 after purchasing an additional 199,951 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of 1stdibs.Com by 151.6% in the third quarter. JPMorgan Chase & Co. now owns 106,407 shares of the company’s stock worth $469,000 after purchasing an additional 64,107 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

About 1stdibs.Com

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.