ThredUp Inc. (NASDAQ:TDUP) Receives $3.33 Consensus Target Price from Brokerages

ThredUp Inc. (NASDAQ:TDUP) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $3.33.

Several research analysts recently weighed in on TDUP shares. Wells Fargo & Company cut their target price on ThredUp from $5.00 to $3.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $3.00 target price on shares of ThredUp in a research report on Tuesday, August 6th.

ThredUp Price Performance

TDUP stock opened at $0.86 on Wednesday. ThredUp has a 52-week low of $0.61 and a 52-week high of $4.14. The stock’s fifty day simple moving average is $1.07 and its 200-day simple moving average is $1.57. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $95.12 million, a price-to-earnings ratio of -1.35 and a beta of 0.71.

ThredUp (NASDAQ:TDUP) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03). ThredUp had a negative return on equity of 63.88% and a negative net margin of 19.47%. The business had revenue of $79.76 million for the quarter, compared to analyst estimates of $82.58 million. During the same quarter last year, the business earned ($0.18) EPS. Equities research analysts expect that ThredUp will post -0.54 EPS for the current year.

Insider Buying and Selling at ThredUp

In other ThredUp news, insider Alon Rotem sold 23,042 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $2.01, for a total value of $46,314.42. Following the transaction, the insider now directly owns 218,348 shares of the company’s stock, valued at $438,879.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other ThredUp news, Director Noam Paransky bought 40,000 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $0.79 per share, for a total transaction of $31,600.00. Following the completion of the purchase, the director now directly owns 546,444 shares of the company’s stock, valued at $431,690.76. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Alon Rotem sold 23,042 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $2.01, for a total value of $46,314.42. Following the sale, the insider now owns 218,348 shares of the company’s stock, valued at $438,879.48. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 385,008 shares of company stock valued at $308,906 and have sold 367,645 shares valued at $703,755. 34.42% of the stock is currently owned by corporate insiders.

Institutional Trading of ThredUp

Several large investors have recently modified their holdings of the business. Capital World Investors grew its stake in shares of ThredUp by 1.5% during the first quarter. Capital World Investors now owns 8,707,600 shares of the company’s stock valued at $17,415,000 after acquiring an additional 127,600 shares in the last quarter. Bares Capital Management Inc. grew its stake in ThredUp by 11.4% in the first quarter. Bares Capital Management Inc. now owns 3,548,800 shares of the company’s stock worth $7,098,000 after purchasing an additional 362,221 shares in the last quarter. Acadian Asset Management LLC grew its stake in ThredUp by 22.8% in the second quarter. Acadian Asset Management LLC now owns 1,355,830 shares of the company’s stock worth $2,303,000 after purchasing an additional 251,629 shares in the last quarter. Blair William & Co. IL grew its stake in ThredUp by 285.0% in the second quarter. Blair William & Co. IL now owns 911,652 shares of the company’s stock worth $1,550,000 after purchasing an additional 674,852 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in ThredUp by 37.4% in the second quarter. Marshall Wace LLP now owns 771,483 shares of the company’s stock worth $1,312,000 after purchasing an additional 209,792 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

ThredUp Company Profile

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.