ThredUp Inc. (NASDAQ:TDUP) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of ThredUp Inc. (NASDAQ:TDUP) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.33.

TDUP has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of ThredUp from $5.00 to $3.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $3.00 price objective on shares of ThredUp in a research report on Tuesday, August 6th.

Insider Buying and Selling at ThredUp

In other ThredUp news, Director Patricia Nakache sold 119,221 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $1.78, for a total value of $212,213.38. Following the completion of the transaction, the director now directly owns 240,438 shares in the company, valued at approximately $427,979.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other ThredUp news, insider Alon Rotem sold 23,042 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $2.01, for a total value of $46,314.42. Following the completion of the transaction, the insider now directly owns 218,348 shares in the company, valued at approximately $438,879.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patricia Nakache sold 119,221 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $1.78, for a total transaction of $212,213.38. Following the sale, the director now owns 240,438 shares of the company’s stock, valued at $427,979.64. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 385,008 shares of company stock worth $308,906 and sold 367,645 shares worth $703,755. Corporate insiders own 34.42% of the company’s stock.

Institutional Investors Weigh In On ThredUp

Several large investors have recently modified their holdings of TDUP. Dynamic Technology Lab Private Ltd increased its position in shares of ThredUp by 746.0% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 87,792 shares of the company’s stock worth $198,000 after buying an additional 77,415 shares during the period. Capital World Investors increased its position in shares of ThredUp by 6.4% during the fourth quarter. Capital World Investors now owns 8,580,000 shares of the company’s stock worth $19,305,000 after buying an additional 516,000 shares during the period. Bares Capital Management Inc. increased its position in shares of ThredUp by 6.2% during the fourth quarter. Bares Capital Management Inc. now owns 3,186,579 shares of the company’s stock worth $7,170,000 after buying an additional 186,579 shares during the period. Blair William & Co. IL increased its position in shares of ThredUp by 702.7% during the first quarter. Blair William & Co. IL now owns 236,800 shares of the company’s stock worth $474,000 after buying an additional 207,300 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of ThredUp by 2.8% during the first quarter. Acadian Asset Management LLC now owns 1,104,201 shares of the company’s stock worth $2,207,000 after buying an additional 30,259 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

ThredUp Stock Performance

Shares of ThredUp stock opened at $0.88 on Wednesday. The company has a 50 day moving average of $1.16 and a 200-day moving average of $1.59. ThredUp has a 1-year low of $0.61 and a 1-year high of $4.14. The company has a current ratio of 1.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.23. The company has a market cap of $97.15 million, a PE ratio of -1.38 and a beta of 0.71.

ThredUp (NASDAQ:TDUP) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $79.76 million for the quarter, compared to the consensus estimate of $82.58 million. During the same period last year, the company posted ($0.18) EPS. As a group, equities research analysts forecast that ThredUp will post -0.54 earnings per share for the current fiscal year.

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.