ThredUp Inc. (TDUP) – What Are Investment Firms Thinking About This Stock?

Shares of ThredUp Inc. (NASDAQ:TDUP) have earned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $6.55.

A number of research analysts recently commented on TDUP shares. Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a research note on Monday, September 21st. Roth Capital reissued a “buy” rating and set a $6.50 price objective on shares of ThredUp in a report on Thursday, August 6th. Finally, Telsey Advisory Group dropped their price objective on shares of ThredUp from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Thursday, August 6th.

Insider Activity at ThredUp

In other news, CFO Sean Sobers sold 44,559 shares of ThredUp stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $2.58, for a total value of $114,962.22. Following the completion of the sale, the chief financial officer directly owned 613,503 shares of the company’s stock, valued at approximately $1,582,837.74. This trade represents a 6.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Christopher Homer sold 60,230 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $2.58, for a total value of $155,393.40. Following the sale, the chief operating officer directly owned 1,363,358 shares of the company’s stock, valued at $3,517,463.64. This represents a 4.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 23.10% of the company’s stock.

Institutional Investors Weigh In On ThredUp

Large investors have recently bought and sold shares of the company. Readystate Asset Management LP grew its stake in ThredUp by 197.4% in the second quarter. Readystate Asset Management LP now owns 1,508,736 shares of the company’s stock valued at $10,335,000 after acquiring an additional 1,001,482 shares during the period. Empowered Funds LLC bought a new stake in ThredUp in the 1st quarter valued at $1,338,000. Zweig DiMenna Associates LLC increased its holdings in ThredUp by 170.1% during the 1st quarter. Zweig DiMenna Associates LLC now owns 1,454,500 shares of the company’s stock worth $4,771,000 after purchasing an additional 916,000 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of ThredUp by 19.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,965,484 shares of the company’s stock worth $9,727,000 after buying an additional 473,907 shares during the period. Finally, CI Investments Inc. bought a new position in shares of ThredUp during the first quarter worth about $5,937,000. Institutional investors own 89.08% of the company’s stock.

ThredUp Price Performance

NASDAQ TDUP opened at $2.27 on Thursday. The company has a 50 day moving average price of $2.51 and a two-hundred day moving average price of $4.19. ThredUp has a 12-month low of $2.09 and a 12-month high of $9.45. The stock has a market capitalization of $298.12 million, a PE ratio of -13.35 and a beta of 2.11. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.29.

ThredUp (NASDAQ:TDUP) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $90.77 million for the quarter, compared to the consensus estimate of $90.34 million. ThredUp had a negative return on equity of 37.30% and a negative net margin of 6.65%. As a group, equities analysts predict that ThredUp will post -0.17 earnings per share for the current fiscal year.

About ThredUp

ThredUp Inc operates an online resale platform focused on secondhand apparel. Through its marketplace, the company offers pre-owned women’s and children’s clothing, shoes, accessories and other fashion items from a range of brands. ThredUp manages much of the resale process, including item intake, inspection, pricing, photography, listing, order fulfillment and returns.

The company serves individual consumers who want to buy or resell used clothing and also works with brands and retailers through resale and “Resale-as-a-Service” programs.