ThredUp Inc. (NASDAQ:TDUP) CEO Sells $21,200.00 in Stock

ThredUp Inc. (NASDAQ:TDUP) CEO James G. Reinhart sold 10,600 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $2.00, for a total value of $21,200.00. Following the completion of the transaction, the chief executive officer now directly owns 841,249 shares of the company’s stock, valued at approximately $1,682,498. The sale was disclosed in a filing with the SEC, which is accessible through this link.

ThredUp Stock Performance

Shares of TDUP opened at $1.93 on Monday. ThredUp Inc. has a twelve month low of $1.52 and a twelve month high of $4.39. The firm has a 50 day moving average of $1.86 and a 200 day moving average of $1.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.13 and a quick ratio of 0.98.

ThredUp (NASDAQ:TDUP) last issued its earnings results on Monday, May 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). ThredUp had a negative net margin of 20.88% and a negative return on equity of 63.62%. The business had revenue of $79.59 million for the quarter, compared to analysts’ expectations of $80.28 million. Analysts predict that ThredUp Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TDUP has been the subject of several research reports. Wedbush decreased their price target on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating for the company in a research note on Tuesday, May 7th. Telsey Advisory Group cut their price target on ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $5.00 target price on shares of ThredUp in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3.33.

Institutional Investors Weigh In On ThredUp

Several large investors have recently bought and sold shares of TDUP. Mackenzie Financial Corp purchased a new stake in shares of ThredUp during the 4th quarter valued at about $35,000. Tower Research Capital LLC TRC raised its holdings in shares of ThredUp by 445.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 16,376 shares of the company’s stock valued at $37,000 after purchasing an additional 13,372 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in ThredUp by 33.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company’s stock valued at $45,000 after purchasing an additional 5,635 shares during the period. Diversified Trust Co boosted its holdings in ThredUp by 117.3% in the second quarter. Diversified Trust Co now owns 28,111 shares of the company’s stock worth $48,000 after purchasing an additional 15,175 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in ThredUp by 29.4% in the 4th quarter. SG Americas Securities LLC now owns 35,211 shares of the company’s stock worth $79,000 after purchasing an additional 7,997 shares during the period. 89.08% of the stock is currently owned by institutional investors.

About ThredUp

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.