Two Sigma Advisers LP Purchases 92,800 Shares of ThredUp Inc. (NASDAQ:TDUP)

Two Sigma Advisers LP increased its stake in shares of ThredUp Inc. (NASDAQ:TDUP) by 572.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 109,000 shares of the company’s stock after purchasing an additional 92,800 shares during the quarter. Two Sigma Advisers LP owned 0.10% of ThredUp worth $152,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of ThredUp by 9.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company’s stock worth $63,000 after purchasing an additional 3,908 shares during the last quarter. ProShare Advisors LLC raised its stake in ThredUp by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 22,150 shares of the company’s stock valued at $31,000 after buying an additional 7,287 shares during the last quarter. Wells Fargo & Company MN raised its stake in ThredUp by 32.1% in the fourth quarter. Wells Fargo & Company MN now owns 57,426 shares of the company’s stock valued at $80,000 after buying an additional 13,941 shares during the last quarter. Barclays PLC increased its holdings in shares of ThredUp by 14.7% in the fourth quarter. Barclays PLC now owns 119,325 shares of the company’s stock valued at $166,000 after purchasing an additional 15,307 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of ThredUp by 42.6% in the fourth quarter. Bank of America Corp DE now owns 77,456 shares of the company’s stock valued at $108,000 after purchasing an additional 23,156 shares during the period. Institutional investors own 89.08% of the company’s stock.

ThredUp Stock Performance

Shares of ThredUp stock opened at $7.72 on Friday. The business’s 50 day moving average price is $5.22 and its 200 day moving average price is $3.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The company has a market cap of $912.87 million, a price-to-earnings ratio of -12.06 and a beta of 1.75. ThredUp Inc. has a one year low of $0.50 and a one year high of $7.80.

ThredUp (NASDAQ:TDUP) last released its earnings results on Monday, May 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $71.29 million during the quarter, compared to analysts’ expectations of $67.54 million. On average, research analysts predict that ThredUp Inc. will post -0.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on TDUP shares. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a report on Tuesday, March 4th. Wells Fargo & Company restated an “overweight” rating and issued a $7.50 target price (up previously from $6.00) on shares of ThredUp in a research report on Tuesday, May 6th. Wall Street Zen upgraded ThredUp from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Telsey Advisory Group raised their target price on ThredUp from $6.00 to $7.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th.

Insider Buying and Selling

In other news, Director Patricia Nakache sold 91,070 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $2.48, for a total transaction of $225,853.60. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at $622,370.88. This trade represents a 26.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 811,860 shares of company stock worth $2,592,099 in the last quarter. Company insiders own 27.00% of the company’s stock.

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.