ThredUp Inc. (NASDAQ:TDUP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

ThredUp Inc. (NASDAQ:TDUP) 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.

Insider Activity

In other ThredUp news, CEO James G. Reinhart sold 34,046 shares of ThredUp stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $3.90, for a total value of $132,779.40. Following the completion of the transaction, the chief executive officer now owns 182,268 shares of the company’s stock, valued at $710,845.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO James G. Reinhart sold 72,831 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $3.20, for a total transaction of $233,059.20. Following the completion of the transaction, the chief executive officer now directly owns 109,437 shares of the company’s stock, valued at $350,198.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James G. Reinhart sold 34,046 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $3.90, for a total transaction of $132,779.40. Following the completion of the sale, the chief executive officer now owns 182,268 shares in the company, valued at approximately $710,845.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 191,746 shares of company stock worth $688,498. 38.68% of the stock is currently owned by insiders.

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) 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.

About ThredUp

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.