Renaissance Technologies LLC Sells 881,300 Shares of ThredUp Inc. $TDUP

Renaissance Technologies LLC trimmed its stake in ThredUp Inc. (NASDAQ:TDUP) by 38.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,411,553 shares of the company’s stock after selling 881,300 shares during the period. Renaissance Technologies LLC’s holdings in ThredUp were worth $4,630,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CI Investments Inc. acquired a new position in shares of ThredUp during the first quarter valued at about $5,937,000. Woodson Capital Management LP acquired a new stake in ThredUp during the fourth quarter worth about $11,502,000. Arrowstreet Capital Limited Partnership grew its position in ThredUp by 263.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,056,345 shares of the company’s stock worth $19,432,000 after buying an additional 1,491,020 shares in the last quarter. Invesco Ltd. increased its stake in ThredUp by 3,682.1% during the second quarter. Invesco Ltd. now owns 1,135,351 shares of the company’s stock valued at $8,504,000 after acquiring an additional 1,105,332 shares during the period. Finally, Zweig DiMenna Associates LLC increased its stake in ThredUp by 170.1% during the first quarter. Zweig DiMenna Associates LLC now owns 1,454,500 shares of the company’s stock valued at $4,771,000 after acquiring an additional 916,000 shares during the period. Institutional investors own 89.08% of the company’s stock.

Key Stories Impacting ThredUp

Here are the key news stories impacting ThredUp this week:

• Positive Sentiment: ThredUp reported record second-quarter revenue of $90.8 million, up 17% year over year, while gross margin was 79.9% and active buyers increased 21% to 1.77 million. Cash, restricted cash and marketable securities also rose to $57.4 million. ThredUp Announces Second Quarter 2026 Results
• Positive Sentiment: Telsey Advisory Group maintained an “outperform” rating, although it lowered its price target from $7 to $6. The revised target still implies substantial upside from the current trading level. Benzinga analyst price target report
• Positive Sentiment: Analyst coverage remains broadly constructive, with ThredUp receiving a consensus “Moderate Buy” rating. ThredUp consensus analyst rating
• Neutral Sentiment: Management said it is adjusting marketing tactics to navigate a “K-shaped” economy, indicating that consumer spending patterns remain uneven across income groups. ThredUp Navigates K-Shaped Economy as Revenues Climb 17%
• Negative Sentiment: Second-quarter adjusted EPS was a loss of $0.05, missing the expected loss of $0.03, despite revenue narrowly exceeding estimates. The company remains unprofitable, with a negative net margin and return on equity. ThredUp quarterly earnings report
• Negative Sentiment: Third-quarter revenue guidance of $87 million to $89 million trailed the $93 million consensus estimate, while full-year guidance of $344.4 million to $348.4 million was below the $354.8 million consensus. The weaker outlook is the primary pressure on the stock. ThredUp 2026 outlook

ThredUp Stock Performance

NASDAQ:TDUP opened at $3.11 on Friday. ThredUp Inc. has a 12-month low of $3.04 and a 12-month high of $12.28. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $401.31 million, a PE ratio of -18.29 and a beta of 2.01. The firm has a 50-day moving average price of $5.90 and a 200 day moving average price of $4.87.

ThredUp (NASDAQ:TDUP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The business 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 37.54% and a negative net margin of 6.65%. Research analysts anticipate that ThredUp Inc. will post -0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Sean Sobers sold 45,554 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total value of $201,804.22. Following the sale, the chief financial officer owned 572,523 shares of the company’s stock, valued at $2,536,276.89. The trade was a 7.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Christopher Homer sold 61,578 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $4.43, for a total value of $272,790.54. Following the completion of the sale, the chief operating officer owned 1,301,843 shares in the company, valued at $5,767,164.49. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 23.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TDUP. Telsey Advisory Group reduced their price objective on ThredUp from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Thursday. Wells Fargo & Company lowered their price objective on ThredUp from $10.00 to $8.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 5th. Roth Capital restated a “buy” rating and issued a $6.50 target price on shares of ThredUp in a research note on Thursday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ThredUp in a research report on Wednesday, June 24th. Finally, TD Cowen lifted their price target on shares of ThredUp from $5.00 to $5.70 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.55.

ThredUp Company Profile

ThredUp, Inc operates an online consignment and thrift platform that enables consumers to buy and sell secondhand clothing and accessories. Through its digital marketplace, the company offers curated selections of apparel for women and children, spanning a broad range of brands and styles. Sellers can order a “Clean Out Kit” to send in items they no longer wear, while buyers benefit from discounted prices and a simplified shopping experience powered by ThredUp’s in-house authentication, quality control and logistics capabilities.

In addition to its core consumer-to-consumer marketplace, ThredUp has expanded into business-to-business services with its Resale-as-a-Service (RaaS) offering.