ThredUp Sees Unusually Large Options Volume (NASDAQ:TDUP)

ThredUp Inc. (NASDAQ:TDUP) was the target of some unusual options trading on Tuesday. Stock investors acquired 9,371 call options on the company. This is an increase of 1,299% compared to the average volume of 670 call options.

Insider Activity at ThredUp

In related news, Director Patricia Nakache sold 86,777 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $2.51, for a total transaction of $217,810.27. Following the completion of the sale, the director now directly owns 250,956 shares of the company’s stock, valued at approximately $629,899.56. This represents a 25.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 1,337,172 shares of company stock valued at $4,042,161. Corporate insiders own 27.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TDUP. Victory Capital Management Inc. bought a new stake in shares of ThredUp during the first quarter worth approximately $25,000. CHICAGO TRUST Co NA bought a new stake in shares of ThredUp during the 1st quarter valued at $30,000. ProShare Advisors LLC lifted its stake in shares of ThredUp by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 22,150 shares of the company’s stock valued at $31,000 after purchasing an additional 7,287 shares during the period. Virtu Financial LLC bought a new position in shares of ThredUp in the 4th quarter worth $33,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of ThredUp during the fourth quarter worth $48,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

ThredUp Trading Up 47.7 %

Shares of TDUP stock opened at $6.56 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $762.24 million, a P/E ratio of -10.25 and a beta of 1.51. ThredUp has a 12-month low of $0.50 and a 12-month high of $6.56. The firm has a 50-day moving average price of $3.09 and a 200 day moving average price of $2.16.

ThredUp (NASDAQ:TDUP) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. ThredUp had a negative return on equity of 78.74% and a negative net margin of 22.16%. The business had revenue of $71.29 million for the quarter, compared to analyst estimates of $67.54 million. Research analysts forecast that ThredUp will post -0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TDUP. Wells Fargo & Company restated an “overweight” rating and issued a $7.50 price objective (up previously from $6.00) on shares of ThredUp in a research note on Tuesday. Telsey Advisory Group boosted their price target on ThredUp from $6.00 to $7.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research report on Tuesday, March 4th.

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.