Millennium Management LLC purchased a new stake in ThredUp Inc. (NASDAQ:TDUP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 81,417 shares of the company's stock, valued at approximately $113,000. Millennium Management LLC owned about 0.07% of ThredUp as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its position 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 acquiring an additional 15,307 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of ThredUp by 75.2% in the fourth quarter. Renaissance Technologies LLC now owns 978,745 shares of the company's stock valued at $1,360,000 after purchasing an additional 420,012 shares in the last quarter. PEAK6 LLC bought a new position in ThredUp in the 4th quarter worth approximately $228,000. BloombergSen Inc. lifted its holdings in ThredUp by 278.9% during the 4th quarter. BloombergSen Inc. now owns 639,548 shares of the company's stock worth $889,000 after buying an additional 470,768 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in ThredUp by 450.6% during the 4th quarter. JPMorgan Chase & Co. now owns 201,755 shares of the company's stock worth $280,000 after buying an additional 165,115 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.
ThredUp Trading Up 3.8%
Shares of TDUP stock traded up $0.29 during trading hours on Tuesday, reaching $8.01. The company had a trading volume of 3,178,960 shares, compared to its average volume of 1,191,796. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $8.03. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $947.18 million, a price-to-earnings ratio of -13.81 and a beta of 1.75. The company has a 50 day moving average of $5.90 and a 200 day moving average of $3.45.
ThredUp (NASDAQ:TDUP - Get Free Report) last released its earnings results on Monday, May 5th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. ThredUp had a negative return on equity of 77.03% and a negative net margin of 22.41%. The firm had revenue of $71.29 million for the quarter, compared to analyst estimates of $67.54 million. On average, equities research analysts anticipate that ThredUp Inc. will post -0.56 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on TDUP shares. Wells Fargo & Company restated an "overweight" rating and set a $7.50 target price (up previously from $6.00) on shares of ThredUp in a research report on Tuesday, May 6th. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a report on Tuesday, March 4th. Wall Street Zen raised shares of ThredUp from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Telsey Advisory Group lifted their price target on shares of ThredUp from $6.00 to $7.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th.
Get Our Latest Analysis on TDUP
Insider Activity
In related news, Director Patricia Nakache sold 271,762 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $3.43, for a total transaction of $932,143.66. Following the completion of the transaction, the director now owns 250,956 shares in the company, valued at approximately $860,779.08. The trade was a 51.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 762,853 shares of company stock valued at $2,482,323 in the last ninety days. 27.00% of the stock is owned by insiders.
ThredUp Company Profile
(
Free Report)
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.
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