ThredUp Inc. (NASDAQ:TDUP) Receives Average Recommendation of “Moderate Buy” from Analysts

ThredUp Inc. (NASDAQ:TDUP) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $11.00.

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a research report on Monday, December 29th. Telsey Advisory Group lowered their price objective on shares of ThredUp from $12.00 to $9.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Wells Fargo & Company dropped their target price on shares of ThredUp from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Finally, Wall Street Zen cut shares of ThredUp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th.

ThredUp Price Performance

Shares of NASDAQ:TDUP opened at $3.18 on Friday. The firm has a market capitalization of $403.99 million, a price-to-earnings ratio of -21.20 and a beta of 1.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50 day simple moving average is $4.43 and its 200-day simple moving average is $6.83. ThredUp has a 12 month low of $2.29 and a 12 month high of $12.28.

ThredUp (NASDAQ:TDUP) last released its quarterly earnings data on Monday, March 2nd. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $79.70 million during the quarter, compared to the consensus estimate of $77.17 million. ThredUp had a negative return on equity of 34.48% and a negative net margin of 6.50%. As a group, equities analysts forecast that ThredUp will post -0.56 earnings per share for the current fiscal year.

Insider Transactions at ThredUp

In related news, Director Patricia Nakache bought 13,157 shares of ThredUp stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average price of $3.73 per share, with a total value of $49,075.61. Following the purchase, the director owned 14,017 shares in the company, valued at $52,283.41. This represents a 1,529.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sean Sobers sold 56,504 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $3.82, for a total value 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 trade represents a 9.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 27.00% of the company’s stock.

Hedge Funds Weigh In On ThredUp

Institutional investors have recently made changes to their positions in the stock. Woodson Capital Management LP purchased a new stake in shares of ThredUp in the fourth quarter valued at $11,502,000. Marshall Wace LLP increased its position in ThredUp by 51.8% during the 2nd quarter. Marshall Wace LLP now owns 4,373,596 shares of the company’s stock worth $32,758,000 after purchasing an additional 1,492,015 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in ThredUp by 263.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,056,345 shares of the company’s stock valued at $19,432,000 after purchasing an additional 1,491,020 shares during the last quarter. Prudential Financial Inc. lifted its holdings in ThredUp by 3,625.5% in the 2nd quarter. Prudential Financial Inc. now owns 1,231,088 shares of the company’s stock valued at $9,221,000 after purchasing an additional 1,198,043 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in ThredUp by 3,682.1% in the 2nd quarter. Invesco Ltd. now owns 1,135,351 shares of the company’s stock valued at $8,504,000 after purchasing an additional 1,105,332 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

ThredUp Company Profile

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.