Bridgeway Capital Management LLC Trims Stock Position in ThredUp Inc. (NASDAQ:TDUP)

Bridgeway Capital Management LLC lowered its stake in ThredUp Inc. (NASDAQ:TDUP - Free Report) by 62.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in shares of ThredUp by 32.1% during the 4th quarter. Wells Fargo & Company MN now owns 57,426 shares of the company's stock valued at $80,000 after buying an additional 13,941 shares in the last quarter. Barclays PLC boosted its holdings in shares of ThredUp by 14.7% during 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 in the last quarter. Bank of America Corp DE boosted its holdings in shares of ThredUp by 42.6% during the 4th quarter. Bank of America Corp DE now owns 77,456 shares of the company's stock valued at $108,000 after buying an additional 23,156 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of ThredUp during the 4th quarter valued at $33,000. Finally, Geode Capital Management LLC boosted its holdings in shares of ThredUp by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company's stock valued at $2,663,000 after buying an additional 26,326 shares in the last quarter. Institutional investors own 89.08% of the company's stock.

Insiders Place Their Bets

In other ThredUp news, Director Patricia Nakache sold 49,007 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $2.24, for a total value of $109,775.68. Following the completion of the transaction, the director now owns 250,956 shares of the company's stock, valued at approximately $562,141.44. The trade was a 16.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders sold 1,187,236 shares of company stock valued at $3,659,784. 27.00% of the stock is owned by insiders.

ThredUp Stock Down 2.2%

Shares of TDUP traded down $0.16 during trading hours on Monday, hitting $6.99. The company had a trading volume of 1,512,131 shares, compared to its average volume of 1,064,317. The firm has a fifty day moving average price of $3.86 and a 200-day moving average price of $2.54. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The stock has a market capitalization of $826.55 million, a price-to-earnings ratio of -10.92 and a beta of 1.51. ThredUp Inc. has a 52-week low of $0.50 and a 52-week high of $7.19.

ThredUp (NASDAQ:TDUP - Get Free Report) last posted its quarterly earnings results 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. ThredUp had a negative return on equity of 78.74% and a negative net margin of 22.16%. The firm had revenue of $71.29 million during the quarter, compared to analyst estimates of $67.54 million. On average, equities research analysts forecast that ThredUp Inc. will post -0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of ThredUp in a research report on Tuesday, March 4th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $7.50 price target (up previously from $6.00) on shares of ThredUp in a research report on Tuesday, May 6th. Finally, Telsey Advisory Group lifted their price target on ThredUp from $6.00 to $7.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th.

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.