Renaissance Technologies LLC Has $4.63 Million Stake in ThredUp Inc. $TDUP

Key Points

• Renaissance Technologies cut its ThredUp stake by 38.4% in the first quarter, selling 881,300 shares and retaining 1.41 million shares valued at approximately $4.63 million. Institutional investors collectively own 89.08% of TDUP.
• ThredUp reported record second-quarter revenue of $90.8 million, up 17% year over year, but its $0.05 adjusted loss per share missed expectations. The company remains unprofitable and issued revenue guidance below analyst estimates for both the third quarter and full year.
• TDUP shares opened at $3.11, near their 12-month low of $3.04, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $6.55.

Renaissance Technologies LLC decreased its position in ThredUp Inc. (NASDAQ:TDUP - Free Report) by 38.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,411,553 shares of the company's stock after selling 881,300 shares during the quarter. Renaissance Technologies LLC owned about 1.09% of ThredUp worth $4,630,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in ThredUp by 42.6% during the fourth quarter. Bank of America Corp DE now owns 77,456 shares of the company's stock valued at $108,000 after acquiring an additional 23,156 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in ThredUp by 7.6% in the first quarter. Cubist Systematic Strategies LLC now owns 37,516 shares of the company's stock worth $90,000 after acquiring an additional 2,659 shares in the last quarter. AQR Capital Management LLC grew its position in ThredUp by 185.9% in the first quarter. AQR Capital Management LLC now owns 94,652 shares of the company's stock worth $228,000 after acquiring an additional 61,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of ThredUp by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,705 shares of the company's stock worth $115,000 after purchasing an additional 2,034 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of ThredUp by 39.2% during the 1st quarter. Jane Street Group LLC now owns 92,376 shares of the company's stock worth $223,000 after purchasing an additional 25,995 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.

Insider Transactions at ThredUp

In other news, CFO Sean Sobers sold 45,554 shares of ThredUp stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total value of $201,804.22. Following the transaction, the chief financial officer directly owned 572,523 shares in the company, valued at approximately $2,536,276.89. The trade was a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Christopher Homer sold 61,578 shares of the business's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total value of $272,790.54. Following the transaction, the chief operating officer directly owned 1,301,843 shares of the company's stock, valued at $5,767,164.49. This represents a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 23.10% of the stock is owned by corporate insiders.

ThredUp Trading Down 50.5%

Shares of TDUP stock opened at $3.11 on Friday. ThredUp Inc. has a 12 month low of $3.04 and a 12 month high of $12.28. The company has a market cap of $401.31 million, a PE ratio of -18.29 and a beta of 2.01. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.30. The business's 50 day moving average is $5.90 and its two-hundred day moving average is $4.87.

ThredUp (NASDAQ:TDUP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). ThredUp had a negative return on equity of 37.54% and a negative net margin of 6.65%.The firm had revenue of $90.77 million for the quarter, compared to the consensus estimate of $90.34 million. Equities analysts predict that ThredUp Inc. will post -0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Key Headlines Impacting ThredUp

Here are the key news stories impacting ThredUp this week:

• Positive Sentiment: ThredUp reported record second-quarter revenue of $90.8 million, up 17% year over year, while gross margin was 79.9% and active buyers increased 21% to 1.77 million. Cash, restricted cash and marketable securities also rose to $57.4 million. ThredUp Announces Second Quarter 2026 Results
• Positive Sentiment: Telsey Advisory Group maintained an “outperform” rating, although it lowered its price target from $7 to $6. The revised target still implies substantial upside from the current trading level. Benzinga analyst price target report
• Positive Sentiment: Analyst coverage remains broadly constructive, with ThredUp receiving a consensus “Moderate Buy” rating. ThredUp consensus analyst rating
• Neutral Sentiment: Management said it is adjusting marketing tactics to navigate a “K-shaped” economy, indicating that consumer spending patterns remain uneven across income groups. ThredUp Navigates K-Shaped Economy as Revenues Climb 17%
• Negative Sentiment: Second-quarter adjusted EPS was a loss of $0.05, missing the expected loss of $0.03, despite revenue narrowly exceeding estimates. The company remains unprofitable, with a negative net margin and return on equity. ThredUp quarterly earnings report
• Negative Sentiment: Third-quarter revenue guidance of $87 million to $89 million trailed the $93 million consensus estimate, while full-year guidance of $344.4 million to $348.4 million was below the $354.8 million consensus. The weaker outlook is the primary pressure on the stock. ThredUp 2026 outlook

ThredUp Profile

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.

Want to see what other hedge funds are holding TDUP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ThredUp Inc. (NASDAQ:TDUP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source