ThredUp FY2024 EPS Forecast Boosted by Telsey Advisory Group

ThredUp Inc. (NASDAQ:TDUP) – Investment analysts at Telsey Advisory Group boosted their FY2024 EPS estimates for shares of ThredUp in a research note issued to investors on Wednesday, January 15th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn ($0.56) per share for the year, up from their previous estimate of ($0.61). Telsey Advisory Group has a “Outperform” rating and a $3.00 price target on the stock. The consensus estimate for ThredUp’s current full-year earnings is ($0.62) per share. Telsey Advisory Group also issued estimates for ThredUp’s Q4 2024 earnings at ($0.08) EPS and FY2025 earnings at ($0.36) EPS.

Separately, Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research note on Tuesday.

ThredUp Stock Performance

TDUP opened at $2.26 on Friday. The company has a 50 day simple moving average of $1.45 and a two-hundred day simple moving average of $1.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86. The firm has a market cap of $257.10 million, a P/E ratio of -3.53 and a beta of 1.66. ThredUp has a 1-year low of $0.50 and a 1-year high of $2.45.

Institutional Trading of ThredUp

A number of large investors have recently added to or reduced their stakes in TDUP. Barclays PLC boosted its position in shares of ThredUp by 278.7% during the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after acquiring an additional 76,553 shares during the last quarter. Geode Capital Management LLC lifted its position in ThredUp by 4.1% during the third quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock valued at $1,591,000 after purchasing an additional 74,334 shares during the last quarter. State Street Corp grew its stake in shares of ThredUp by 0.9% in the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after buying an additional 12,984 shares in the last quarter. Needham Investment Management LLC grew its stake in shares of ThredUp by 7.2% in the 3rd quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock worth $5,220,000 after buying an additional 415,000 shares in the last quarter. Finally, Privium Fund Management B.V. increased its holdings in shares of ThredUp by 76.3% in the 3rd quarter. Privium Fund Management B.V. now owns 383,500 shares of the company’s stock worth $323,000 after buying an additional 165,935 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Insider Buying and Selling

In other news, Director Daniel J. Nova acquired 30,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was purchased at an average price of $1.67 per share, for a total transaction of $50,100.00. Following the completion of the transaction, the director now directly owns 244,033 shares in the company, valued at approximately $407,535.11. This trade represents a 14.02 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patricia Nakache sold 195,337 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $2.26, for a total value of $441,461.62. Following the completion of the sale, the director now owns 250,956 shares in the company, valued at $567,160.56. This represents a 43.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 214,797 shares of company stock valued at $264,905 and have sold 922,112 shares valued at $1,840,991. 34.42% of the stock is owned by insiders.

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.