ThredUp Inc. (NASDAQ:TDUP) Receives Average Rating of “Moderate Buy” from Brokerages

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

A number of research firms have recently weighed in on TDUP. Telsey Advisory Group reiterated an “outperform” rating and issued a $3.00 price target on shares of ThredUp in a research report on Tuesday, August 6th. Wells Fargo & Company decreased their price objective on shares of ThredUp from $5.00 to $3.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th.

Insider Activity at ThredUp

In other ThredUp news, Director Patricia Nakache sold 66,996 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1.79, for a total transaction of $119,922.84. Following the sale, the director now owns 240,438 shares of the company’s stock, valued at $430,384.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Noam Paranksy bought 90,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of $0.80 per share, with a total value of $72,000.00. Following the completion of the purchase, the director now owns 246,444 shares in the company, valued at approximately $197,155.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Patricia Nakache sold 66,996 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1.79, for a total transaction of $119,922.84. Following the sale, the director now directly owns 240,438 shares in the company, valued at approximately $430,384.02. The disclosure for this sale can be found here. Insiders have sold 377,645 shares of company stock valued at $721,655 over the last three months. 34.42% of the stock is owned by insiders.

Institutional Trading of ThredUp

A number of hedge funds and other institutional investors have recently modified their holdings of TDUP. Ieq Capital LLC grew its stake in shares of ThredUp by 35.7% during the fourth quarter. Ieq Capital LLC now owns 54,408 shares of the company’s stock worth $122,000 after buying an additional 14,326 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of ThredUp by 746.0% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 87,792 shares of the company’s stock worth $198,000 after purchasing an additional 77,415 shares during the last quarter. Capital World Investors grew its stake in shares of ThredUp by 6.4% in the fourth quarter. Capital World Investors now owns 8,580,000 shares of the company’s stock worth $19,305,000 after purchasing an additional 516,000 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of ThredUp by 445.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 16,376 shares of the company’s stock worth $37,000 after purchasing an additional 13,372 shares during the last quarter. Finally, Bares Capital Management Inc. grew its stake in shares of ThredUp by 6.2% in the fourth quarter. Bares Capital Management Inc. now owns 3,186,579 shares of the company’s stock worth $7,170,000 after purchasing an additional 186,579 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

ThredUp Stock Up 3.2 %

NASDAQ TDUP opened at $0.89 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.23. ThredUp has a 1-year low of $0.61 and a 1-year high of $4.15. The company has a 50 day moving average of $1.37 and a 200-day moving average of $1.70. The company has a market cap of $98.13 million, a price-to-earnings ratio of -1.39 and a beta of 0.72.

ThredUp (NASDAQ:TDUP) last released 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 net margin of 19.47% and a negative return on equity of 63.88%. The business had revenue of $79.76 million during the quarter, compared to analyst estimates of $82.58 million. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. On average, equities research analysts expect that ThredUp will post -0.54 earnings per share for the current fiscal year.

About ThredUp

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.