Noam Paransky Purchases 40,008 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Noam Paransky acquired 40,008 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of $0.81 per share, with a total value of $32,406.48. Following the completion of the acquisition, the director now directly owns 586,452 shares in the company, valued at approximately $475,026.12. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Noam Paransky also recently made the following trade(s):

• On Friday, September 6th, Noam Paransky purchased 40,000 shares of ThredUp stock. The shares were acquired at an average price of $0.79 per share, with a total value of $31,600.00.
• On Wednesday, September 4th, Noam Paransky acquired 180,000 shares of ThredUp stock. The stock was acquired at an average price of $0.81 per share, for a total transaction of $145,800.00.

ThredUp Trading Up 15.3 %

Shares of TDUP stock opened at $0.98 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.06 and a quick ratio of 0.92. ThredUp Inc. has a 12-month low of $0.61 and a 12-month high of $4.14. The firm has a fifty day moving average of $1.26 and a 200-day moving average of $1.64.

ThredUp (NASDAQ:TDUP) last posted its earnings results on Monday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The business had revenue of $79.76 million during the quarter, compared to analyst estimates of $82.58 million. ThredUp had a negative net margin of 19.47% and a negative return on equity of 63.88%. During the same period in the previous year, the firm posted ($0.18) earnings per share. Sell-side analysts predict that ThredUp Inc. will post -0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TDUP has been the subject of several recent research reports. Wells Fargo & Company dropped their target price on shares of ThredUp from $5.00 to $3.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $3.00 price objective on shares of ThredUp in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3.33.

Institutional Trading of ThredUp

Large investors have recently bought and sold shares of the business. Capital World Investors boosted its holdings 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 valued at $19,305,000 after buying an additional 516,000 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in ThredUp by 746.0% in the 4th 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 period. BloombergSen Inc. bought a new position in ThredUp during the 2nd quarter worth about $131,000. Bares Capital Management Inc. raised its stake in shares of ThredUp by 6.2% in the 4th quarter. Bares Capital Management Inc. now owns 3,186,579 shares of the company’s stock valued at $7,170,000 after purchasing an additional 186,579 shares during the period. Finally, PEAK6 Investments LLC acquired a new stake in shares of ThredUp in the 1st quarter valued at about $328,000. 89.08% of the stock is owned by institutional investors.

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.