SG Americas Securities LLC Boosts Stake in ThredUp Inc. (NASDAQ:TDUP)

SG Americas Securities LLC increased its stake in shares of ThredUp Inc. (NASDAQ:TDUP) by 29.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,211 shares of the company’s stock after purchasing an additional 7,997 shares during the period. SG Americas Securities LLC’s holdings in ThredUp were worth $79,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of ThredUp by 27.0% during the 1st quarter. Royal Bank of Canada now owns 18,577 shares of the company’s stock worth $143,000 after purchasing an additional 3,945 shares during the period. Clearbridge Investments LLC boosted its position in ThredUp by 0.9% in the 1st quarter. Clearbridge Investments LLC now owns 642,656 shares of the company’s stock valued at $4,948,000 after buying an additional 5,503 shares during the period. Deutsche Bank AG boosted its position in ThredUp by 20.8% in the 3rd quarter. Deutsche Bank AG now owns 33,290 shares of the company’s stock valued at $133,000 after buying an additional 5,739 shares during the period. Ensign Peak Advisors Inc boosted its position in ThredUp by 85.0% in the 1st quarter. Ensign Peak Advisors Inc now owns 12,860 shares of the company’s stock valued at $99,000 after buying an additional 5,910 shares during the period. Finally, Jane Street Group LLC boosted its position in ThredUp by 6.9% in the 1st quarter. Jane Street Group LLC now owns 104,755 shares of the company’s stock valued at $265,000 after buying an additional 6,738 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TDUP. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of ThredUp in a research report on Tuesday, March 5th. Wedbush reiterated an “outperform” rating and set a $4.00 price target on shares of ThredUp in a research note on Tuesday, March 5th. The Goldman Sachs Group cut their price target on shares of ThredUp from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Thursday, January 11th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $4.00 price target on shares of ThredUp in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $3.67.

Insider Buying and Selling

In related news, major shareholder Gs Investment Strategies, Llc sold 30,397 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $2.13, for a total transaction of $64,745.61. Following the sale, the insider now owns 3,710,048 shares of the company’s stock, valued at $7,902,402.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 48,168 shares of company stock valued at $100,293. Corporate insiders own 34.42% of the company’s stock.

ThredUp Stock Up 1.3 %

Shares of NASDAQ:TDUP opened at $1.56 on Friday. The company has a market cap of $169.77 million, a price-to-earnings ratio of -2.29 and a beta of 0.64. The firm’s 50-day simple moving average is $1.90 and its 200-day simple moving average is $2.23. The company has a quick ratio of 1.02, a current ratio of 1.22 and a debt-to-equity ratio of 0.21. ThredUp Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $4.39.

ThredUp (NASDAQ:TDUP) last issued its earnings results on Monday, March 4th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $81.39 million during the quarter, compared to analysts’ expectations of $80.30 million. ThredUp had a negative net margin of 22.12% and a negative return on equity of 61.27%. During the same period in the previous year, the firm earned ($0.19) EPS. As a group, equities research analysts predict that ThredUp Inc. will post -0.46 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.