ThredUp Inc. (NASDAQ:TDUP – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $3.75.
Several equities analysts have recently weighed in on TDUP shares. Piper Sandler lifted their price objective on ThredUp from $2.00 to $3.00 in a research note on Wednesday, August 9th. Morgan Stanley dropped their price objective on shares of ThredUp from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price target on shares of ThredUp in a research report on Tuesday. Telsey Advisory Group reissued an “outperform” rating and issued a $4.00 price objective on shares of ThredUp in a research report on Tuesday, October 31st. Finally, The Goldman Sachs Group upped their target price on ThredUp from $3.00 to $4.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th.
Institutional Investors Weigh In On ThredUp
Several institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in shares of ThredUp by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,064,114 shares of the company’s stock worth $62,094,000 after acquiring an additional 252,598 shares during the period. Thrivent Financial for Lutherans raised its position in ThredUp by 6.0% in the second quarter. Thrivent Financial for Lutherans now owns 6,874,194 shares of the company’s stock worth $16,773,000 after acquiring an additional 391,233 shares in the last quarter. Capital World Investors raised its position in shares of ThredUp by 72.7% during the first quarter. Capital World Investors now owns 6,154,000 shares of the company’s stock worth $47,386,000 after purchasing an additional 2,591,000 shares during the period. FMR LLC raised its holdings in ThredUp by 13.6% during the 1st quarter. FMR LLC now owns 4,693,720 shares of the company’s stock worth $11,875,000 after buying an additional 563,234 shares during the period. Finally, BlackRock Inc. lifted its stake in ThredUp by 20.6% during the second quarter. BlackRock Inc. now owns 4,475,864 shares of the company’s stock valued at $10,921,000 after buying an additional 765,516 shares in the last quarter. Institutional investors and hedge funds own 58.60% of the company’s stock.
ThredUp Stock Performance
Shares of NASDAQ TDUP opened at $2.11 on Thursday. The company has a 50-day simple moving average of $3.32 and a 200-day simple moving average of $3.06. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.09. The company has a market cap of $222.54 million, a PE ratio of -2.89 and a beta of 1.00. ThredUp has a 12 month low of $0.73 and a 12 month high of $4.39.
ThredUp (NASDAQ:TDUP – Get Free Report) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.05. The business had revenue of $82.66 million for the quarter, compared to analyst estimates of $81.21 million. ThredUp had a negative net margin of 24.41% and a negative return on equity of 58.31%. On average, equities analysts anticipate that ThredUp will post -0.66 earnings per share for the current year.
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 women's and kids' apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.
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