ThredUp (TDUP) to Release Quarterly Earnings on Monday

ThredUp (NASDAQ:TDUPGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, May 9th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. ThredUp has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

ThredUp (NASDAQ:TDUPGet Rating) last announced its earnings results on Monday, March 7th. The company reported ($0.18) earnings per share for the quarter, hitting the consensus estimate of ($0.18). ThredUp had a negative net margin of 25.09% and a negative return on equity of 24.78%. The firm had revenue of $72.88 million for the quarter, compared to the consensus estimate of $69.80 million. The firm’s revenue was up 67.8% on a year-over-year basis. On average, analysts expect ThredUp to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of ThredUp stock opened at $6.59 on Monday. The firm has a fifty day moving average of $7.69. ThredUp has a 12-month low of $5.75 and a 12-month high of $31.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 2.55. The firm has a market cap of $650.99 million and a PE ratio of -4.92.

In related news, Director Jack R. Lazar purchased 13,156 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The stock was acquired at an average price of $7.51 per share, with a total value of $98,801.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 41.99% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley bought a new stake in ThredUp in the first quarter worth about $34,000. Bank of New York Mellon Corp raised its position in ThredUp by 33.8% in the third quarter. Bank of New York Mellon Corp now owns 15,456 shares of the company’s stock worth $336,000 after acquiring an additional 3,904 shares in the last quarter. Legal & General Group Plc bought a new stake in ThredUp in the fourth quarter worth about $53,000. Wells Fargo & Company MN raised its position in ThredUp by 928.9% in the second quarter. Wells Fargo & Company MN now owns 5,947 shares of the company’s stock worth $173,000 after acquiring an additional 5,369 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in ThredUp in the fourth quarter worth about $142,000. 50.54% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of ThredUp from $16.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, March 8th. KeyCorp reduced their price target on shares of ThredUp from $32.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 20th. Jefferies Financial Group started coverage on shares of ThredUp in a research report on Thursday, March 17th. They issued a “buy” rating and a $13.00 price target for the company. Piper Sandler reduced their price target on shares of ThredUp from $34.00 to $19.00 and set an “overweight” rating for the company in a research report on Tuesday, March 8th. Finally, Telsey Advisory Group reduced their price target on shares of ThredUp from $32.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, March 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, ThredUp presently has a consensus rating of “Buy” and an average target price of $20.50.

ThredUp Company Profile (Get Rating)

ThredUp Inc, together with its subsidiaries, operates online resale platforms that allows consumers to buy and sell secondhand women's and kids' apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.

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