ThredUp (NASDAQ:TDUP) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of ThredUp (NASDAQ:TDUP) from a buy rating to a hold rating in a research report released on Saturday.

TDUP has been the subject of several other reports. Wells Fargo & Company lifted their price target on ThredUp from $10.00 to $13.00 and gave the company an “overweight” rating in a research report on Tuesday, August 5th. Roth Capital began coverage on ThredUp in a report on Wednesday, October 29th. They set a “buy” rating and a $11.00 target price for the company. Northland Securities set a $14.00 price target on shares of ThredUp in a report on Tuesday, August 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $12.00 price objective on shares of ThredUp in a research note on Tuesday, November 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ThredUp presently has a consensus rating of “Moderate Buy” and an average target price of $12.50.

ThredUp Price Performance

Shares of NASDAQ:TDUP opened at $7.04 on Friday. The firm has a market capitalization of $881.00 million, a PE ratio of -23.47 and a beta of 1.70. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $8.85 and a two-hundred day moving average price of $8.64. ThredUp has a twelve month low of $1.21 and a twelve month high of $12.28.

ThredUp (NASDAQ:TDUP) last announced its quarterly earnings results on Monday, November 3rd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. ThredUp had a negative net margin of 12.18% and a negative return on equity of 39.20%. The company had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $77.34 million. ThredUp has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts forecast that ThredUp will post -0.56 EPS for the current year.

Insider Activity at ThredUp

In related news, Director Daniel J. Nova acquired 65,000 shares of the stock in a transaction dated Wednesday, November 5th. The shares were purchased at an average price of $8.04 per share, for a total transaction of $522,600.00. Following the transaction, the director owned 368,930 shares in the company, valued at $2,966,197.20. This represents a 21.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 27.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PharVision Advisers LLC bought a new position in ThredUp in the third quarter valued at $241,000. XTX Topco Ltd boosted its holdings in shares of ThredUp by 294.2% in the 3rd quarter. XTX Topco Ltd now owns 140,391 shares of the company’s stock worth $1,327,000 after purchasing an additional 104,773 shares in the last quarter. Verition Fund Management LLC increased its position in shares of ThredUp by 28.8% during the 3rd quarter. Verition Fund Management LLC now owns 56,887 shares of the company’s stock valued at $538,000 after purchasing an additional 12,730 shares during the last quarter. Quarry LP purchased a new position in shares of ThredUp during the 3rd quarter valued at about $37,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of ThredUp by 29.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 641,067 shares of the company’s stock valued at $6,058,000 after buying an additional 144,206 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

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.