1stdibs.Com (NASDAQ:DIBS) Issues Earnings Results

1stdibs.Com (NASDAQ:DIBSGet Rating) released its quarterly earnings data on Wednesday. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.01, MarketWatch Earnings reports. 1stdibs.Com updated its Q2 2022 guidance to EPS.

Shares of NASDAQ:DIBS remained flat at $$5.75 during trading on Thursday. 697,977 shares of the stock were exchanged, compared to its average volume of 285,291. 1stdibs.Com has a 52 week low of $5.15 and a 52 week high of $35.46. The firm has a 50 day simple moving average of $7.87 and a 200-day simple moving average of $10.70.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in 1stdibs.Com by 141.7% in the 1st quarter. BlackRock Inc. now owns 877,698 shares of the company’s stock worth $7,013,000 after purchasing an additional 514,489 shares during the last quarter. Rhumbline Advisers bought a new position in 1stdibs.Com in the 1st quarter worth approximately $119,000. Bank of New York Mellon Corp raised its position in 1stdibs.Com by 225.0% in the 1st quarter. Bank of New York Mellon Corp now owns 47,361 shares of the company’s stock worth $378,000 after purchasing an additional 32,790 shares during the last quarter. Wells Fargo & Company MN raised its position in 1stdibs.Com by 208.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,079 shares of the company’s stock worth $64,000 after purchasing an additional 3,430 shares during the last quarter. Finally, Millennium Management LLC bought a new position in 1stdibs.Com in the 4th quarter worth approximately $238,000. Hedge funds and other institutional investors own 51.51% of the company’s stock.

A number of equities research analysts have weighed in on DIBS shares. JMP Securities decreased their price objective on 1stdibs.Com from $20.00 to $18.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 2nd. Zacks Investment Research raised 1stdibs.Com from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Barclays decreased their price objective on 1stdibs.Com from $21.00 to $10.00 in a report on Thursday. Finally, Raymond James cut shares of 1stdibs.Com from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 2nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.00.

About 1stdibs.Com (Get Rating)

1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. The company offers online marketplace that enables commerce between sellers and buyers; and Design Manager, an online platform that provides software solution to interior designers.

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