ThredUp Inc. (NASDAQ:TDUP) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of ThredUp Inc. (NASDAQ:TDUP) have been given an average recommendation of “Moderate Buy” by the six analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $12.50.

A number of research firms have issued reports on TDUP. Telsey Advisory Group restated an “outperform” rating and set a $12.00 price target on shares of ThredUp in a report on Tuesday, December 9th. Roth Mkm assumed coverage on ThredUp in a report on Wednesday, October 29th. They issued a “buy” rating and a $11.00 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of ThredUp in a report on Monday, December 29th. Finally, Wall Street Zen cut ThredUp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th.

ThredUp Price Performance

NASDAQ TDUP opened at $4.92 on Friday. ThredUp has a 1 year low of $2.02 and a 1 year high of $12.28. The company has a fifty day simple moving average of $6.41 and a 200 day simple moving average of $8.30. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.26. The company has a market cap of $615.69 million, a P/E ratio of -16.40 and a beta of 1.72.

Insiders Place Their Bets

In other news, CFO Sean Sobers sold 51,220 shares of ThredUp stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $7.42, for a total transaction of $380,052.40. Following the sale, the chief financial officer owned 495,336 shares of the company’s stock, valued at approximately $3,675,393.12. This trade represents a 9.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Christopher Homer sold 68,358 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $7.42, for a total value of $507,216.36. Following the sale, the chief operating officer owned 1,170,567 shares in the company, valued at approximately $8,685,607.14. This represents a 5.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 27.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ThredUp

A number of institutional investors have recently bought and sold shares of TDUP. Cerity Partners LLC raised its stake in shares of ThredUp by 6.7% in the 2nd quarter. Cerity Partners LLC now owns 19,011 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. SG Americas Securities LLC raised its position in ThredUp by 5.0% in the second quarter. SG Americas Securities LLC now owns 27,167 shares of the company’s stock worth $203,000 after purchasing an additional 1,296 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in ThredUp by 5.4% during the second quarter. The Manufacturers Life Insurance Company now owns 31,302 shares of the company’s stock worth $234,000 after purchasing an additional 1,601 shares during the period. ProShare Advisors LLC boosted its holdings in ThredUp by 9.6% during the second quarter. ProShare Advisors LLC now owns 18,658 shares of the company’s stock valued at $140,000 after purchasing an additional 1,631 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ThredUp by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,705 shares of the company’s stock valued at $115,000 after purchasing an additional 2,034 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

About ThredUp

ThredUp, Inc operates an online consignment and thrift platform that enables consumers to buy and sell secondhand clothing and accessories. Through its digital marketplace, the company offers curated selections of apparel for women and children, spanning a broad range of brands and styles. Sellers can order a “Clean Out Kit” to send in items they no longer wear, while buyers benefit from discounted prices and a simplified shopping experience powered by ThredUp’s in-house authentication, quality control and logistics capabilities.

In addition to its core consumer-to-consumer marketplace, ThredUp has expanded into business-to-business services with its Resale-as-a-Service (RaaS) offering.