ThredUp Inc. (NASDAQ:TDUP – Get Free Report) Director Patricia Nakache sold 109,934 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $1.91, for a total transaction of $209,973.94. Following the sale, the director now directly owns 240,438 shares of the company’s stock, valued at approximately $459,236.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Patricia Nakache also recently made the following trade(s):
- On Friday, May 3rd, Patricia Nakache sold 300 shares of ThredUp stock. The shares were sold at an average price of $1.80, for a total transaction of $540.00.
ThredUp Price Performance
Shares of NASDAQ:TDUP opened at $1.95 on Thursday. The firm has a market capitalization of $212.22 million, a P/E ratio of -2.87 and a beta of 0.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.02 and a current ratio of 1.22. The stock has a 50 day moving average price of $1.82 and a 200-day moving average price of $2.10. ThredUp Inc. has a 52-week low of $1.52 and a 52-week high of $4.39.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Telsey Advisory Group cut their target price on ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research note on Tuesday. The Goldman Sachs Group cut their price objective on ThredUp from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, January 11th. Wedbush decreased their target price on ThredUp from $4.00 to $3.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price target on shares of ThredUp in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, ThredUp currently has an average rating of “Moderate Buy” and an average target price of $3.33.
Get Our Latest Stock Report on TDUP
Institutional Investors Weigh In On ThredUp
Hedge funds have recently bought and sold shares of the business. FMR LLC boosted its position in shares of ThredUp by 28.5% in the 3rd quarter. FMR LLC now owns 6,113,152 shares of the company’s stock worth $24,514,000 after purchasing an additional 1,355,607 shares in the last quarter. Bourgeon Capital Management LLC purchased a new position in ThredUp during the third quarter valued at $2,783,000. EAM Investors LLC bought a new stake in ThredUp in the third quarter worth $2,618,000. Kent Lake Capital LLC purchased a new stake in shares of ThredUp in the third quarter worth $2,509,000. Finally, Capital World Investors increased its holdings in shares of ThredUp by 6.4% during the fourth quarter. Capital World Investors now owns 8,580,000 shares of the company’s stock valued at $19,305,000 after acquiring an additional 516,000 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.
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 apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.
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