ThredUp Inc. (NASDAQ:TDUP – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $9.14.

Several brokerages have issued reports on TDUP. Wells Fargo & Company cut their target price on shares of ThredUp from $10.00 to $8.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Telsey Advisory Group dropped their price target on shares of ThredUp from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a report on Wednesday, June 24th. Finally, TD Cowen raised their target price on ThredUp from $5.00 to $5.70 and gave the company a “buy” rating in a report on Tuesday, May 5th.

Read Our Latest Report on TDUP

Insider Transactions at ThredUp

In related news, CFO Sean Sobers sold 45,554 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $4.43, for a total value of $201,804.22. Following the completion of the transaction, the chief financial officer owned 572,523 shares of the company’s stock, valued at $2,536,276.89. This represents a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Christopher Homer sold 61,578 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total value of $272,790.54. Following the transaction, the chief operating officer owned 1,301,843 shares of the company’s stock, valued at $5,767,164.49. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 23.10% of the company’s stock.

Institutional Trading of ThredUp

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDUP. Cerity Partners LLC lifted its holdings in ThredUp by 6.7% during the second quarter. Cerity Partners LLC now owns 19,011 shares of the company’s stock worth $142,000 after acquiring an additional 1,190 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of ThredUp by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 31,302 shares of the company’s stock valued at $234,000 after purchasing an additional 1,601 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 buying an additional 2,034 shares during the last quarter. Cubist Systematic Strategies LLC increased its position 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 valued at $90,000 after acquiring an additional 2,659 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of ThredUp by 3.3% during the 3rd quarter. Alliancebernstein L.P. now owns 89,510 shares of the company’s stock worth $846,000 after purchasing an additional 2,900 shares in the last quarter. 89.08% of the stock is owned by institutional investors.

ThredUp Price Performance

NASDAQ:TDUP traded down $0.04 during trading hours on Tuesday, reaching $6.88. 516,288 shares of the company’s stock were exchanged, compared to its average volume of 2,297,133. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $888.44 million, a P/E ratio of -43.01 and a beta of 1.97. The business’s 50-day simple moving average is $5.12 and its two-hundred day simple moving average is $4.90. ThredUp has a 12 month low of $3.08 and a 12 month high of $12.28.

ThredUp (NASDAQ:TDUP – Get Free Report) last announced its earnings results on Monday, May 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). The company had revenue of $81.67 million for the quarter, compared to analyst estimates of $80.17 million. ThredUp had a negative return on equity of 36.11% and a negative net margin of 6.68%. Sell-side analysts expect that ThredUp will post -0.09 EPS for the current fiscal year.

About ThredUp

(Get Free Report)

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.

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