1stdibs.Com, Inc. (NASDAQ:DIBS) Given Consensus Recommendation of “Buy” by Brokerages

Shares of 1stdibs.Com, Inc. (NASDAQ:DIBS) have received an average recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $29.25.

DIBS has been the subject of a number of research analyst reports. Bank of America initiated coverage on 1stdibs.Com in a research note on Tuesday, July 6th. They issued a “neutral” rating and a $28.00 price target for the company. Raymond James decreased their price target on 1stdibs.Com from $30.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, August 12th. William Blair began coverage on 1stdibs.Com in a research note on Tuesday, July 6th. They issued an “outperform” rating for the company. Evercore ISI began coverage on 1stdibs.Com in a report on Tuesday, July 6th. They issued an “in-line” rating on the stock. Finally, Barclays began coverage on 1stdibs.Com in a report on Tuesday, July 6th. They issued an “overweight” rating and a $35.00 price objective on the stock.

Shares of NASDAQ DIBS opened at $14.62 on Thursday. 1stdibs.Com has a 1-year low of $11.92 and a 1-year high of $35.46. The stock’s fifty day moving average is $15.19.

1stdibs.Com (NASDAQ:DIBS) last issued its quarterly earnings data on Tuesday, August 10th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.21). The company had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $23.93 million. As a group, analysts anticipate that 1stdibs.Com will post -0.76 earnings per share for the current fiscal year.

In related news, CEO David S. Rosenblatt bought 6,927 shares of the company’s stock in a transaction that occurred on Wednesday, August 18th. The shares were purchased at an average cost of $15.84 per share, with a total value of $109,723.68. Following the completion of the acquisition, the chief executive officer now directly owns 1,464,548 shares in the company, valued at $23,198,440.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David S. Rosenblatt bought 44,197 shares of the company’s stock in a transaction that occurred on Monday, August 16th. The shares were bought at an average cost of $14.89 per share, for a total transaction of $658,093.33. The disclosure for this purchase can be found here.

A number of institutional investors and hedge funds have recently modified their holdings of DIBS. Teacher Retirement System of Texas acquired a new stake in 1stdibs.Com in the second quarter valued at approximately $348,000. Allen Operations LLC purchased a new position in shares of 1stdibs.Com in the second quarter valued at approximately $6,155,000. Deutsche Bank AG purchased a new position in shares of 1stdibs.Com in the second quarter valued at approximately $174,000. BlackRock Inc. purchased a new position in shares of 1stdibs.Com in the second quarter valued at approximately $6,029,000. Finally, Monashee Investment Management LLC purchased a new position in shares of 1stdibs.Com in the second quarter valued at approximately $435,000. 45.03% of the stock is currently owned by institutional investors.

1stdibs.Com Company Profile

1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. The company was incorporated in 2000 and is headquartered in New York, New York.

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Analyst Recommendations for 1stdibs.Com (NASDAQ:DIBS)

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