Bridgeway Capital Management LLC Has $174,000 Stock Position in ThredUp Inc. (NASDAQ:TDUP)

Bridgeway Capital Management LLC reduced its stake in ThredUp Inc. (NASDAQ:TDUP - Free Report) by 62.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,000 shares of the company's stock after selling 209,400 shares during the period. Bridgeway Capital Management LLC owned 0.11% of ThredUp worth $174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Barclays PLC increased its stake in ThredUp by 14.7% in the 4th quarter. Barclays PLC now owns 119,325 shares of the company's stock valued at $166,000 after buying an additional 15,307 shares during the period. Renaissance Technologies LLC increased its stake in ThredUp by 75.2% in the 4th quarter. Renaissance Technologies LLC now owns 978,745 shares of the company's stock valued at $1,360,000 after buying an additional 420,012 shares during the period. PEAK6 LLC acquired a new position in ThredUp in the 4th quarter valued at approximately $228,000. BloombergSen Inc. increased its stake in ThredUp by 278.9% in the 4th quarter. BloombergSen Inc. now owns 639,548 shares of the company's stock valued at $889,000 after buying an additional 470,768 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in ThredUp by 450.6% in the 4th quarter. JPMorgan Chase & Co. now owns 201,755 shares of the company's stock valued at $280,000 after buying an additional 165,115 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Needham & Company LLC reiterated a "hold" rating on shares of ThredUp in a research note on Tuesday, March 4th. Telsey Advisory Group increased their price target on shares of ThredUp from $6.00 to $7.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $7.50 price target (up previously from $6.00) on shares of ThredUp in a research note on Tuesday, May 6th.

Insider Buying and Selling at ThredUp

In other ThredUp news, Director Patricia Nakache sold 60,274 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $2.71, for a total value of $163,342.54. Following the sale, the director now directly owns 250,956 shares in the company, valued at $680,090.76. This trade represents a 19.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 1,187,236 shares of company stock valued at $3,659,784 in the last ninety days. Company insiders own 27.00% of the company's stock.

ThredUp Stock Up 4.4%

Shares of TDUP traded up $0.30 during mid-day trading on Friday, hitting $7.15. 2,401,452 shares of the company's stock were exchanged, compared to its average volume of 1,059,697. The firm has a fifty day moving average of $3.76 and a two-hundred day moving average of $2.47. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $7.19. The stock has a market cap of $845.47 million, a price-to-earnings ratio of -11.17 and a beta of 1.51. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.

ThredUp (NASDAQ:TDUP - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The business had revenue of $71.29 million during the quarter, compared to the consensus estimate of $67.54 million. ThredUp had a negative net margin of 22.16% and a negative return on equity of 78.74%. On average, sell-side analysts forecast that ThredUp Inc. will post -0.56 earnings per share 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.