Analysts Set ThredUp Inc. (NASDAQ:TDUP) PT at $3.33

Shares of ThredUp Inc. (NASDAQ:TDUP) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $3.33.

Several equities analysts recently issued reports on TDUP shares. Telsey Advisory Group restated an “outperform” rating and issued a $3.00 target price on shares of ThredUp in a report on Tuesday, August 6th. Wells Fargo & Company dropped their target price on shares of ThredUp from $5.00 to $3.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th.

Insider Activity

In related news, Director Patricia Nakache sold 66,996 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1.79, for a total value of $119,922.84. Following the sale, the director now owns 240,438 shares in the company, valued at approximately $430,384.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Patricia Nakache sold 66,996 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1.79, for a total value of $119,922.84. Following the sale, the director now owns 240,438 shares in the company, valued at approximately $430,384.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alon Rotem sold 23,042 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $2.01, for a total transaction of $46,314.42. Following the completion of the sale, the insider now owns 218,348 shares in the company, valued at approximately $438,879.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 377,645 shares of company stock worth $721,655. Company insiders own 34.42% of the company’s stock.

Institutional Investors Weigh In On ThredUp

A number of institutional investors have recently added to or reduced their stakes in TDUP. Price T Rowe Associates Inc. MD grew its position in shares of ThredUp by 33.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company’s stock valued at $45,000 after acquiring an additional 5,635 shares during the period. Rhumbline Advisers grew its position in shares of ThredUp by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 105,057 shares of the company’s stock valued at $179,000 after acquiring an additional 6,421 shares during the period. Tower Research Capital LLC TRC grew its position in shares of ThredUp by 445.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 16,376 shares of the company’s stock valued at $37,000 after acquiring an additional 13,372 shares during the period. Ieq Capital LLC grew its position in shares of ThredUp by 35.7% during the 4th quarter. Ieq Capital LLC now owns 54,408 shares of the company’s stock valued at $122,000 after acquiring an additional 14,326 shares during the period. Finally, Diversified Trust Co grew its position in shares of ThredUp by 117.3% during the 2nd quarter. Diversified Trust Co now owns 28,111 shares of the company’s stock valued at $48,000 after acquiring an additional 15,175 shares during the period. 89.08% of the stock is owned by institutional investors.

ThredUp Stock Performance

Shares of ThredUp stock opened at $0.89 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.23. ThredUp has a twelve month low of $0.61 and a twelve month high of $4.15. The stock has a market cap of $98.13 million, a price-to-earnings ratio of -1.39 and a beta of 0.72. The company’s fifty day moving average is $1.37 and its 200 day moving average is $1.70.

ThredUp (NASDAQ:TDUP) last released its earnings results on Monday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The firm had revenue of $79.76 million during the quarter, compared to analyst estimates of $82.58 million. ThredUp had a negative net margin of 19.47% and a negative return on equity of 63.88%. During the same quarter in the previous year, the firm earned ($0.18) EPS. Sell-side analysts forecast that ThredUp will post -0.54 EPS for the current year.

ThredUp Company Profile

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.