ThredUp (NASDAQ:TDUP) Given New $3.00 Price Target at Telsey Advisory Group

ThredUp (NASDAQ:TDUP) had its price target reduced by research analysts at Telsey Advisory Group from $4.00 to $3.00 in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 53.85% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. The Goldman Sachs Group reduced their price objective 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. Needham & Company LLC restated a “buy” rating and set a $5.00 price objective on shares of ThredUp in a report on Tuesday. Finally, Wedbush reiterated an “outperform” rating and set a $4.00 target price on shares of ThredUp in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.33.

ThredUp Price Performance

Shares of NASDAQ:TDUP opened at $1.95 on Tuesday. 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 business’s fifty day moving average price is $1.82 and its two-hundred day moving average price is $2.10. The stock has a market cap of $212.22 million, a PE ratio of -2.87 and a beta of 0.71. ThredUp has a one year low of $1.52 and a one year high of $4.39.

ThredUp (NASDAQ:TDUP) last posted its quarterly earnings data on Monday, March 4th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). ThredUp had a negative net margin of 22.12% and a negative return on equity of 61.27%. The company had revenue of $81.39 million for the quarter, compared to analyst estimates of $80.30 million. During the same period in the previous year, the business earned ($0.19) EPS. On average, analysts forecast that ThredUp will post -0.46 EPS for the current fiscal year.

Insider Transactions at ThredUp

In other ThredUp news, Director Patricia Nakache sold 109,934 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $1.91, for a total value of $209,973.94. Following the transaction, 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 is accessible through the SEC website. Over the last ninety days, insiders have sold 115,234 shares of company stock valued at $220,514. 34.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ThredUp

Large investors have recently modified their holdings of the stock. Johnson Investment Counsel Inc. acquired a new position in shares of ThredUp in the 3rd quarter worth approximately $41,000. Blair William & Co. IL acquired a new position in ThredUp in the third quarter worth $48,000. Mackenzie Financial Corp bought a new stake in ThredUp during the fourth quarter valued at $35,000. Tower Research Capital LLC TRC lifted its position in shares of ThredUp by 445.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 16,376 shares of the company’s stock worth $37,000 after buying an additional 13,372 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of ThredUp in the 3rd quarter valued at about $109,000. Institutional investors own 89.08% of the company’s stock.

ThredUp Company 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.