Blurbs

1stdibs.com (DIBS) Receives a Hold from JMP Securities

JMP Securities analyst Nicholas Jones CFA maintained a Hold rating on 1stdibs.com (DIBSResearch Report) today. The company’s shares opened today at $6.07.

Jones CFA covers the Technology sector, focusing on stocks such as Offerpad Solutions, PropertyGuru Group, and Opendoor Technologies. According to TipRanks, Jones CFA has an average return of 8.6% and a 46.38% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for 1stdibs.com with a $8.00 average price target, implying a 31.80% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Hold rating on the stock with a $7.00 price target.

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Based on 1stdibs.com’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $24.58 million and a GAAP net loss of $289 thousand. In comparison, last year the company earned a revenue of $24.7 million and had a GAAP net loss of $4.13 million

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DIBS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

1stdibs.com Inc is a online marketplace for connecting design lovers with highly coveted sellers and makers of vintage, antique, and contemporary furniture, home decor, art, jewelry, watches and fashion.

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