ThredUp Inc. (NASDAQ:TDUP) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its position in shares of ThredUp Inc. (NASDAQ:TDUP - Free Report) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 733,725 shares of the company's stock after purchasing an additional 84,353 shares during the period. Northern Trust Corp owned approximately 0.64% of ThredUp worth $1,020,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its holdings in 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 purchasing an additional 15,307 shares in the last quarter. Renaissance Technologies LLC boosted its position 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 last quarter. PEAK6 LLC purchased a new position in ThredUp in the 4th quarter valued at about $228,000. BloombergSen Inc. grew its stake in shares of ThredUp by 278.9% during the fourth quarter. BloombergSen Inc. now owns 639,548 shares of the company's stock valued at $889,000 after acquiring an additional 470,768 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of ThredUp by 450.6% during the fourth quarter. JPMorgan Chase & Co. now owns 201,755 shares of the company's stock worth $280,000 after acquiring an additional 165,115 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

Insider Activity at ThredUp

In other ThredUp news, Director Patricia Nakache sold 91,070 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $2.48, for a total transaction of $225,853.60. Following the completion of the sale, the director now owns 250,956 shares in the company, valued at $622,370.88. The trade was a 26.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 811,860 shares of company stock valued at $2,592,099. Corporate insiders own 27.00% of the company's stock.

ThredUp Stock Down 0.7%

Shares of TDUP stock traded down $0.05 during trading hours on Friday, hitting $7.16. 1,771,783 shares of the company were exchanged, compared to its average volume of 1,107,648. The stock has a market capitalization of $846.65 million, a price-to-earnings ratio of -11.19 and a beta of 1.51. ThredUp Inc. has a one year low of $0.50 and a one year high of $7.61. The business's 50-day simple moving average is $4.63 and its two-hundred day simple moving average is $2.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96.

ThredUp (NASDAQ:TDUP - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The firm had revenue of $71.29 million for the quarter, compared to analysts' expectations of $67.54 million. ThredUp had a negative return on equity of 78.74% and a negative net margin of 22.16%. Sell-side analysts predict that ThredUp Inc. will post -0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TDUP shares. Wells Fargo & Company reissued an "overweight" rating and issued a $7.50 price target (up previously from $6.00) on shares of ThredUp in a report on Tuesday, May 6th. Telsey Advisory Group upped their target price on ThredUp from $6.00 to $7.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of ThredUp from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Needham & Company LLC restated a "hold" rating on shares of ThredUp in a research note on Tuesday, March 4th.

ThredUp 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.