Empowered Funds LLC Purchases Shares of 408,023 ThredUp Inc. $TDUP

Key Points

• Empowered Funds LLC acquired 408,023 ThredUp shares worth approximately $1.34 million, giving it a 0.32% stake. Institutional investors collectively own 89.08% of the company.
• ThredUp’s second-quarter revenue rose 17% year over year to $90.77 million, slightly beating estimates, but its loss of $0.05 per share exceeded the expected $0.03 loss, highlighting ongoing profitability challenges.
• Management lowered its 2026 revenue guidance to $344.4 million–$348.4 million, below analyst expectations. Despite the weaker outlook, analysts maintain a consensus “Moderate Buy” rating with an average price target of $6.55.

Empowered Funds LLC acquired a new position in shares of ThredUp Inc. (NASDAQ:TDUP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 408,023 shares of the company's stock, valued at approximately $1,338,000. Empowered Funds LLC owned approximately 0.32% of ThredUp at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC increased its position in shares of ThredUp by 6.7% during the 2nd quarter. Cerity Partners LLC now owns 19,011 shares of the company's stock worth $142,000 after purchasing an additional 1,190 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in ThredUp by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,302 shares of the company's stock valued at $234,000 after purchasing an additional 1,601 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in ThredUp by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,705 shares of the company's stock worth $115,000 after buying an additional 2,034 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of ThredUp by 7.6% during the first quarter. Cubist Systematic Strategies LLC now owns 37,516 shares of the company's stock worth $90,000 after buying an additional 2,659 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of ThredUp by 3.3% during the third quarter. Alliancebernstein L.P. now owns 89,510 shares of the company's stock worth $846,000 after buying an additional 2,900 shares in the last quarter. 89.08% of the stock is owned by institutional investors.

More ThredUp News

Here are the key news stories impacting ThredUp this week:

• Positive Sentiment: Second-quarter revenue increased 17% year over year to $90.8 million, slightly exceeding analyst expectations of $90.3 million. Management is adjusting its marketing strategy to navigate uneven consumer spending. ThredUp Navigates K-Shaped Economy as Revenues Climb 17%
• Positive Sentiment: Telsey Advisory Group maintained an “outperform” rating and set a $6 price target, despite lowering it from $7. The target implies substantial potential upside if ThredUp’s growth and profitability improve. Benzinga analyst update
• Neutral Sentiment: Analyst opinion remains relatively favorable, with ThredUp receiving a consensus “Moderate Buy” rating. However, Northland Securities expects the company to remain slightly unprofitable in the fourth quarter of 2027, underscoring continued uncertainty around the timing of sustained earnings.
• Negative Sentiment: ThredUp reported a second-quarter loss of $0.05 per share, worse than the expected $0.03 loss. The result highlighted ongoing profitability challenges, including a negative net margin and negative return on equity. ThredUp earnings report
• Negative Sentiment: Management reduced full-year 2026 revenue guidance to $344.4 million–$348.4 million from an analyst consensus of $354.8 million, while third-quarter revenue guidance of $87 million–$89 million also fell below expectations of $93 million. The company cited weaker demand from consumers earning less than $60,000, a still-material customer segment.
• Negative Sentiment: A Seeking Alpha analysis assigned TDUP a “sell” rating, arguing that the larger-than-expected loss, weaker outlook and uncertain profitability timeline could lead to further downside. ThredUp Collapses On Q2 Report, Shares Have Further To Fall

Wall Street Analyst Weigh In

TDUP has been the topic of several recent analyst reports. Weiss Ratings reissued a "sell (e+)" rating on shares of ThredUp in a report on Wednesday, June 24th. Roth Capital reiterated a "buy" rating and issued a $6.50 price objective on shares of ThredUp in a research report on Thursday. Wells Fargo & Company reduced their price objective on ThredUp from $10.00 to $8.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 5th. TD Cowen increased their target price on ThredUp from $5.00 to $5.70 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Finally, Telsey Advisory Group lowered their target price on ThredUp from $7.00 to $6.00 and set an "outperform" rating for the company in a research note on Thursday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $6.55.

Insiders Place Their Bets

In other news, COO Christopher Homer sold 61,578 shares of ThredUp stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $4.43, for a total transaction of $272,790.54. Following the completion of the sale, the chief operating officer owned 1,301,843 shares in the company, valued at $5,767,164.49. The trade was a 4.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sean Sobers sold 45,554 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total transaction of $201,804.22. Following the sale, the chief financial officer directly owned 572,523 shares of the company's stock, valued at approximately $2,536,276.89. This trade represents a 7.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 23.10% of the company's stock.

ThredUp Stock Performance

Shares of ThredUp stock opened at $3.21 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $414.22 million, a P/E ratio of -18.88 and a beta of 2.01. The firm has a 50 day simple moving average of $5.87 and a 200 day simple moving average of $4.86. ThredUp Inc. has a fifty-two week low of $3.04 and a fifty-two week high of $12.28.

ThredUp (NASDAQ:TDUP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $90.77 million during the quarter, compared to the consensus estimate of $90.34 million. ThredUp had a negative return on equity of 37.54% and a negative net margin of 6.65%. Sell-side analysts predict that ThredUp Inc. will post -0.12 earnings per share for the current fiscal year.

About ThredUp

ThredUp, Inc operates an online consignment and thrift platform that enables consumers to buy and sell secondhand clothing and accessories. Through its digital marketplace, the company offers curated selections of apparel for women and children, spanning a broad range of brands and styles. Sellers can order a “Clean Out Kit” to send in items they no longer wear, while buyers benefit from discounted prices and a simplified shopping experience powered by ThredUp's in-house authentication, quality control and logistics capabilities.

In addition to its core consumer-to-consumer marketplace, ThredUp has expanded into business-to-business services with its Resale-as-a-Service (RaaS) offering.

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