Blair William & Co. IL Decreases Stake in ThredUp Inc. $TDUP

Blair William & Co. IL cut its stake in ThredUp Inc. (NASDAQ:TDUP) by 45.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,434,353 shares of the company’s stock after selling 1,210,692 shares during the period. Blair William & Co. IL owned 1.15% of ThredUp worth $13,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TDUP. Bank of America Corp DE increased its stake in ThredUp by 42.6% during the 4th 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 in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of ThredUp by 7.6% in the first quarter. Cubist Systematic Strategies LLC now owns 37,516 shares of the company’s stock worth $90,000 after buying an additional 2,659 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of ThredUp by 185.9% during the first quarter. AQR Capital Management LLC now owns 94,652 shares of the company’s stock worth $228,000 after buying an additional 61,547 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ThredUp by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,705 shares of the company’s stock valued at $115,000 after buying an additional 2,034 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of ThredUp by 39.2% during the first quarter. Jane Street Group LLC now owns 92,376 shares of the company’s stock valued at $223,000 after buying an additional 25,995 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

ThredUp Stock Performance

Shares of TDUP stock opened at $3.65 on Monday. ThredUp Inc. has a 52-week low of $2.14 and a 52-week high of $12.28. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.24. The stock has a market cap of $456.76 million, a PE ratio of -24.33 and a beta of 1.72. The business has a 50-day simple moving average of $5.20 and a 200-day simple moving average of $7.61.

ThredUp (NASDAQ:TDUP) last posted its earnings results on Monday, March 2nd. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). ThredUp had a negative return on equity of 34.48% and a negative net margin of 6.50%.The firm had revenue of $79.70 million for the quarter, compared to analyst estimates of $77.17 million. On average, equities analysts expect that ThredUp Inc. will post -0.56 EPS for the current year.

Insider Buying and Selling

In related news, COO Christopher Homer sold 69,741 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $3.82, for a total transaction of $266,410.62. Following the sale, the chief operating officer owned 1,274,906 shares in the company, valued at approximately $4,870,140.92. This trade represents a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sean Sobers sold 56,504 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $3.82, for a total transaction of $215,845.28. Following the sale, the chief financial officer owned 555,254 shares in the company, valued at approximately $2,121,070.28. This represents a 9.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 27.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen downgraded ThredUp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Telsey Advisory Group dropped their price target on ThredUp from $12.00 to $9.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of ThredUp in a report on Monday, December 29th. Finally, Wells Fargo & Company reduced their price objective on ThredUp from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ThredUp has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

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.