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

ThredUp Inc. (NASDAQ:TDUP) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the firm, 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 objective among brokerages that have covered the stock in the last year is $3.33.

Several analysts recently commented on TDUP shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $3.00 price objective on shares of ThredUp in a report on Tuesday, August 6th. Wedbush cut their price target on ThredUp from $4.00 to $3.00 and set an “outperform” rating for the company in a research note on Tuesday, May 7th. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of ThredUp in a research note on Tuesday, May 7th. Finally, Wells Fargo & Company cut 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.

Insider Transactions at ThredUp

In other news, insider Alon Rotem sold 23,042 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $2.01, for a total value of $46,314.42. Following the completion of the sale, the insider now owns 218,348 shares of the company’s stock, valued at approximately $438,879.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Alon Rotem sold 23,042 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $2.01, for a total transaction of $46,314.42. Following the completion of the transaction, the insider now owns 218,348 shares of the company’s stock, valued at $438,879.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Patricia Nakache sold 18,378 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $2.05, for a total value of $37,674.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 377,645 shares of company stock valued at $721,655. Company insiders own 34.42% of the company’s stock.

Institutional Trading of ThredUp

A number of institutional investors have recently made changes to their positions in the company. Blair William & Co. IL raised its stake in ThredUp by 285.0% during the second quarter. Blair William & Co. IL now owns 911,652 shares of the company’s stock worth $1,550,000 after purchasing an additional 674,852 shares during the period. Capital World Investors lifted its holdings in 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 acquiring an additional 516,000 shares during the last quarter. Bares Capital Management Inc. grew its position in ThredUp by 11.4% in the first quarter. Bares Capital Management Inc. now owns 3,548,800 shares of the company’s stock worth $7,098,000 after acquiring an additional 362,221 shares during the period. Acadian Asset Management LLC increased its stake in ThredUp by 22.8% during the second quarter. Acadian Asset Management LLC now owns 1,355,830 shares of the company’s stock worth $2,303,000 after acquiring an additional 251,629 shares during the last quarter. Finally, Marshall Wace LLP raised its position in ThredUp by 37.4% in the second quarter. Marshall Wace LLP now owns 771,483 shares of the company’s stock valued at $1,312,000 after purchasing an additional 209,792 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

ThredUp Price Performance

TDUP stock opened at $0.91 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.92 and a current ratio of 1.06. The firm has a 50 day moving average price of $1.42 and a 200-day moving average price of $1.72. ThredUp has a 52-week low of $0.61 and a 52-week high of $4.18. The firm has a market capitalization of $100.78 million, a price-to-earnings ratio of -1.43 and a beta of 0.79.

ThredUp (NASDAQ:TDUP) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The firm had revenue of $79.76 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned ($0.18) EPS. Equities research analysts forecast that ThredUp will post -0.54 EPS 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.