Informed Momentum Co LLC acquired a new stake in ThredUp Inc. (NASDAQ:TDUP - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 311,656 shares of the company's stock, valued at approximately $751,000. Informed Momentum Co LLC owned approximately 0.27% of ThredUp as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the business. Needham Investment Management LLC boosted its stake in shares of ThredUp by 2.7% in the 4th quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company's stock valued at $8,851,000 after purchasing an additional 167,500 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of ThredUp by 46.3% in the 1st quarter. Blair William & Co. IL now owns 2,969,725 shares of the company's stock valued at $7,157,000 after purchasing an additional 939,449 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of ThredUp by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company's stock valued at $2,663,000 after purchasing an additional 26,326 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of ThredUp by 134.5% in the 4th quarter. Marshall Wace LLP now owns 1,521,138 shares of the company's stock valued at $2,114,000 after purchasing an additional 872,357 shares in the last quarter. Finally, BloombergSen Inc. boosted its stake in shares of ThredUp by 98.5% in the 1st quarter. BloombergSen Inc. now owns 1,269,649 shares of the company's stock valued at $3,060,000 after purchasing an additional 630,101 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.
ThredUp Stock Up 4.6%
Shares of NASDAQ TDUP opened at $10.29 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.27. ThredUp Inc. has a 12 month low of $0.50 and a 12 month high of $11.00. The firm has a market capitalization of $1.22 billion, a PE ratio of -21.00 and a beta of 1.73. The firm has a fifty day simple moving average of $8.03 and a two-hundred day simple moving average of $5.25.
Insider Buying and Selling
In other ThredUp news, CFO Sean Sobers sold 100,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $10.04, for a total value of $1,004,000.00. Following the completion of the transaction, the chief financial officer directly owned 477,390 shares in the company, valued at approximately $4,792,995.60. This represents a 17.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 27.00% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. Telsey Advisory Group increased their price target on shares of ThredUp from $9.00 to $12.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Wells Fargo & Company increased their price target on shares of ThredUp from $10.00 to $13.00 and gave the company an "overweight" rating in a research report on Tuesday, August 5th. Northland Securities set a $14.00 price target on shares of ThredUp in a research report on Tuesday, August 5th. Northland Capmk raised shares of ThredUp to a "strong-buy" rating in a research report on Monday, July 21st. Finally, Wall Street Zen raised shares of ThredUp from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $13.00.
Get Our Latest Stock Report on ThredUp
ThredUp 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ThredUp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ThredUp wasn't on the list.
While ThredUp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access