ThredUp Inc. (NASDAQ:TDUP) Major Shareholder Trinity Tvl X, Llc Sells 13,766 Shares

ThredUp Inc. (NASDAQ:TDUP – Get Rating) major shareholder Trinity Tvl X, Llc sold 13,766 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $3.00, for a total transaction of $41,298.00. Following the completion of the transaction, the insider now owns 1,031 shares in the company, valued at approximately $3,093. The sale was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

ThredUp Price Performance

TDUP opened at $2.88 on Tuesday. The company has a 50-day moving average of $2.63 and a 200-day moving average of $1.92. The company has a market capitalization of $292.64 million, a P/E ratio of -3.16 and a beta of 0.77. ThredUp Inc. has a 1-year low of $0.73 and a 1-year high of $4.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.18 and a current ratio of 1.42.

ThredUp (NASDAQ:TDUP – Get Rating) last released its earnings results on Monday, March 6th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.01. ThredUp had a negative net margin of 31.33% and a negative return on equity of 62.08%. The company had revenue of $71.32 million during the quarter, compared to the consensus estimate of $63.06 million. During the same quarter in the previous year, the firm earned ($0.18) EPS. Equities analysts expect that ThredUp Inc. will post -0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TDUP. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of ThredUp in a report on Tuesday, March 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $3.00 price objective on shares of ThredUp in a report on Tuesday, March 7th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4.10.

Institutional Investors Weigh In On ThredUp

A number of institutional investors have recently modified their holdings of TDUP. Upfront Ventures Management LLC bought a new stake in shares of ThredUp during the 4th quarter valued at about $4,748,000. Thrivent Financial for Lutherans grew its position in shares of ThredUp by 91.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,655,581 shares of the company’s stock valued at $10,406,000 after buying an additional 2,701,011 shares during the last quarter. Capital World Investors grew its position in shares of ThredUp by 72.7% during the 1st quarter. Capital World Investors now owns 6,154,000 shares of the company’s stock valued at $47,386,000 after buying an additional 2,591,000 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in ThredUp by 138.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,284,475 shares of the company’s stock valued at $8,211,000 after purchasing an additional 1,904,679 shares during the period. Finally, Osmium Partners LLC acquired a new position in ThredUp during the 4th quarter valued at about $2,011,000. Institutional investors own 57.48% of the company’s stock.

About ThredUp

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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.