Barclays PLC Has $87,000 Position in ThredUp Inc. (NASDAQ:TDUP)

Barclays PLC raised its stake in ThredUp Inc. (NASDAQ:TDUP) by 278.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 104,018 shares of the company’s stock after buying an additional 76,553 shares during the quarter. Barclays PLC’s holdings in ThredUp were worth $87,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of ThredUp by 8.2% in the second quarter. Bank of New York Mellon Corp now owns 274,799 shares of the company’s stock worth $467,000 after purchasing an additional 20,933 shares during the period. Rhumbline Advisers increased its holdings in ThredUp by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 105,057 shares of the company’s stock valued at $179,000 after buying an additional 6,421 shares during the period. Acadian Asset Management LLC raised its position in shares of ThredUp by 22.8% in the 2nd quarter. Acadian Asset Management LLC now owns 1,355,830 shares of the company’s stock valued at $2,303,000 after buying an additional 251,629 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of ThredUp by 26.0% during the 2nd quarter. Renaissance Technologies LLC now owns 444,412 shares of the company’s stock worth $756,000 after acquiring an additional 91,708 shares during the period. Finally, Blair William & Co. IL boosted its position in shares of ThredUp by 285.0% during the 2nd quarter. Blair William & Co. IL now owns 911,652 shares of the company’s stock worth $1,550,000 after acquiring an additional 674,852 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

ThredUp Stock Performance

NASDAQ:TDUP opened at $1.34 on Thursday. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $2.42. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market cap of $152.44 million, a P/E ratio of -2.09 and a beta of 1.66. The stock’s 50-day moving average is $1.34 and its 200-day moving average is $1.20.

Insider Transactions at ThredUp

In other news, Director Daniel J. Nova bought 45,191 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average price of $0.97 per share, with a total value of $43,835.27. Following the transaction, the director now owns 54,112 shares of the company’s stock, valued at $52,488.64. This trade represents a 506.57 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patricia Nakache sold 41,676 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $1.77, for a total transaction of $73,766.52. Following the transaction, the director now owns 250,956 shares of the company’s stock, valued at approximately $444,192.12. The trade was a 14.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 214,797 shares of company stock worth $264,905 and have sold 101,277 shares worth $179,808. 34.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TDUP has been the subject of several research analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $3.00 price objective on shares of ThredUp in a research report on Tuesday, October 29th. Needham & Company LLC reissued a “hold” rating on shares of ThredUp in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, ThredUp has an average rating of “Moderate Buy” and a consensus price target of $3.40.

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.