ThredUp Inc. (NASDAQ:TDUP) Director Purchases $32,406.48 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Noam Paransky purchased 40,008 shares of the stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of $0.81 per share, with a total value of $32,406.48. Following the completion of the purchase, the director now owns 586,452 shares in the company, valued at $475,026.12. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

ThredUp Stock Performance

TDUP opened at $0.98 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.06 and a quick ratio of 0.92. The company has a market capitalization of $108.05 million, a price-to-earnings ratio of -1.53 and a beta of 0.71. The business’s 50-day moving average price is $1.26 and its two-hundred day moving average price is $1.64. ThredUp Inc. has a 1 year low of $0.61 and a 1 year high of $4.14.

ThredUp (NASDAQ:TDUP) last announced 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). ThredUp had a negative net margin of 19.47% and a negative return on equity of 63.88%. The firm had revenue of $79.76 million during the quarter, compared to analyst estimates of $82.58 million. During the same period in the prior year, the business posted ($0.18) EPS. Equities analysts expect that ThredUp Inc. will post -0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

TDUP has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on ThredUp from $5.00 to $3.00 and set an “overweight” rating on the stock 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 report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, ThredUp has a consensus rating of “Moderate Buy” and an average price target of $3.33.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Creekside Partners acquired a new stake in ThredUp in the 2nd quarter valued at $51,000. Squarepoint Ops LLC grew its holdings in shares of ThredUp by 72.6% in the 2nd quarter. Squarepoint Ops LLC now owns 402,398 shares of the company’s stock valued at $684,000 after acquiring an additional 169,196 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of ThredUp in the second quarter valued at about $43,000. Marshall Wace LLP raised its holdings in ThredUp by 37.4% during the second quarter. Marshall Wace LLP now owns 771,483 shares of the company’s stock worth $1,312,000 after acquiring an additional 209,792 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in ThredUp during the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

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.