ThredUp Inc. (NASDAQ:TDUP) Receives $15.09 Consensus PT from Analysts

Shares of ThredUp Inc. (NASDAQ:TDUPGet Rating) have earned an average rating of “Buy” from the fourteen research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $15.09.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of ThredUp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 8th. William Blair reissued an “outperform” rating on shares of ThredUp in a research note on Tuesday, May 10th. Jefferies Financial Group assumed coverage on shares of ThredUp in a research note on Thursday, March 17th. They set a “buy” rating and a $13.00 target price for the company. Wedbush lowered their target price on shares of ThredUp from $13.00 to $8.00 in a research note on Tuesday, May 10th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of ThredUp in a research note on Monday, April 25th.

In other ThredUp news, Director Jack R. Lazar acquired 13,156 shares of ThredUp stock in a transaction dated Wednesday, March 9th. The stock was purchased at an average cost of $7.51 per share, for a total transaction of $98,801.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 41.99% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley purchased a new position in ThredUp during the first quarter worth about $34,000. Wells Fargo & Company MN boosted its holdings in ThredUp by 928.9% during the second quarter. Wells Fargo & Company MN now owns 5,947 shares of the company’s stock worth $173,000 after purchasing an additional 5,369 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in ThredUp by 364.5% during the third quarter. Advisor Group Holdings Inc. now owns 3,586 shares of the company’s stock worth $78,000 after purchasing an additional 2,814 shares during the last quarter. BlackRock Inc. boosted its holdings in ThredUp by 9.9% during the third quarter. BlackRock Inc. now owns 282,908 shares of the company’s stock worth $6,137,000 after purchasing an additional 25,428 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in ThredUp by 13.9% during the third quarter. Geode Capital Management LLC now owns 155,569 shares of the company’s stock worth $3,374,000 after purchasing an additional 18,995 shares during the last quarter. Hedge funds and other institutional investors own 65.20% of the company’s stock.

TDUP stock opened at $4.42 on Wednesday. The company has a fifty day moving average price of $6.72 and a 200-day moving average price of $10.02. The company has a market capitalization of $436.63 million, a P/E ratio of -6.41 and a beta of -0.20. ThredUp has a 52-week low of $3.86 and a 52-week high of $31.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.90 and a current ratio of 2.02.

ThredUp (NASDAQ:TDUPGet Rating) last released its quarterly earnings results on Monday, May 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.01). The business had revenue of $72.70 million for the quarter, compared to the consensus estimate of $71.39 million. ThredUp had a negative net margin of 25.19% and a negative return on equity of 33.77%. ThredUp’s revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.17) EPS. As a group, sell-side analysts forecast that ThredUp will post -0.83 earnings per share for the current fiscal year.

ThredUp Company Profile (Get Rating)

ThredUp Inc, together with its subsidiaries, operates online resale platforms that allows consumers to buy and sell secondhand women's and kids' apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.

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