BloombergSen Inc. Buys Shares of 77,262 ThredUp Inc. (NASDAQ:TDUP)

BloombergSen Inc. purchased a new stake in ThredUp Inc. (NASDAQ:TDUP) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 77,262 shares of the company’s stock, valued at approximately $131,000. ThredUp accounts for about 0.0% of BloombergSen Inc.’s holdings, making the stock its 29th biggest holding.

Several other hedge funds have also modified their holdings of the business. Mackenzie Financial Corp purchased a new stake in shares of ThredUp in the fourth quarter valued at $35,000. Tower Research Capital LLC TRC raised 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 valued at $37,000 after acquiring an additional 13,372 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of ThredUp by 33.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company’s stock valued at $45,000 after acquiring an additional 5,635 shares during the period. Diversified Trust Co raised its stake in shares of ThredUp by 117.3% in the second quarter. Diversified Trust Co now owns 28,111 shares of the company’s stock valued at $48,000 after acquiring an additional 15,175 shares during the period. Finally, Ieq Capital LLC raised its stake in shares of ThredUp by 35.7% in the fourth quarter. Ieq Capital LLC now owns 54,408 shares of the company’s stock valued at $122,000 after acquiring an additional 14,326 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TDUP shares. Needham & Company LLC reiterated a “buy” rating and set a $5.00 price target on shares of ThredUp in a report on Tuesday, May 7th. Telsey Advisory Group restated an “outperform” rating and issued a $3.00 price target on shares of ThredUp in a report on Tuesday, August 6th. Wells Fargo & Company cut their target price on ThredUp from $5.00 to $3.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Wedbush cut their target price on ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $3.33.

Insider Buying and Selling at ThredUp

In other news, Director Patricia Nakache sold 119,221 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $1.78, for a total value of $212,213.38. Following the transaction, the director now owns 240,438 shares of the company’s stock, valued at $427,979.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Patricia Nakache sold 119,221 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $1.78, for a total value of $212,213.38. Following the transaction, the director now owns 240,438 shares of the company’s stock, valued at $427,979.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alon Rotem sold 23,042 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $2.01, for a total value of $46,314.42. Following the completion of the transaction, the insider now directly owns 218,348 shares in the company, valued at approximately $438,879.48. The disclosure for this sale can be found here. Insiders have sold 377,645 shares of company stock worth $721,655 over the last 90 days. Company insiders own 34.42% of the company’s stock.

ThredUp Stock Up 17.1 %

NASDAQ:TDUP opened at $0.91 on Friday. ThredUp Inc. has a 1 year low of $0.61 and a 1 year high of $4.18. The stock has a market cap of $100.66 million, a price-to-earnings ratio of -1.43 and a beta of 0.79. The company has a current ratio of 1.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $1.43 and a two-hundred day moving average price of $1.73.

ThredUp (NASDAQ:TDUP) last released its earnings results on Monday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The company had revenue of $79.76 million for the quarter, compared to the consensus estimate of $82.58 million. ThredUp had a negative return on equity of 63.88% and a negative net margin of 19.47%. During the same quarter in the previous year, the company posted ($0.18) EPS. As a group, equities analysts expect that ThredUp Inc. will post -0.54 earnings per share for the current year.

ThredUp 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.