Simplicity Wealth LLC purchased a new stake in ThredUp Inc. (NASDAQ:TDUP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 64,856 shares of the company's stock, valued at approximately $156,000. Simplicity Wealth LLC owned about 0.06% of ThredUp at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. CHICAGO TRUST Co NA acquired a new stake in ThredUp in the first quarter valued at $30,000. Two Sigma Investments LP lifted its stake in shares of ThredUp by 150.1% during the 4th quarter. Two Sigma Investments LP now owns 114,632 shares of the company's stock worth $159,000 after buying an additional 68,790 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of ThredUp by 572.8% during the 4th quarter. Two Sigma Advisers LP now owns 109,000 shares of the company's stock worth $152,000 after buying an additional 92,800 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of ThredUp by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 22,150 shares of the company's stock worth $31,000 after buying an additional 7,287 shares during the last quarter. Finally, Needham Investment Management LLC lifted its stake in shares of ThredUp by 2.7% during the 4th quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company's stock worth $8,851,000 after buying an additional 167,500 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.
ThredUp Stock Performance
NASDAQ:TDUP traded down $0.14 during mid-day trading on Friday, reaching $7.30. 2,350,286 shares of the company's stock were exchanged, compared to its average volume of 1,174,325. ThredUp Inc. has a one year low of $0.50 and a one year high of $7.92. The firm has a market capitalization of $863.20 million, a PE ratio of -11.41 and a beta of 1.75. The business's fifty day simple moving average is $5.71 and its two-hundred day simple moving average is $3.35. 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 released its earnings results on Monday, May 5th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. ThredUp had a negative net margin of 22.16% and a negative return on equity of 78.74%. The firm had revenue of $71.29 million for the quarter, compared to analyst estimates of $67.54 million. Analysts anticipate that ThredUp Inc. will post -0.56 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Patricia Nakache sold 91,070 shares of ThredUp stock in a transaction that occurred 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 sale, the director now directly owns 250,956 shares in the company, valued at $622,370.88. This trade represents a 26.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 811,860 shares of company stock worth $2,592,099. Corporate insiders own 27.00% of the company's stock.
Analysts Set New Price Targets
TDUP has been the subject of a number of research reports. Telsey Advisory Group raised their target price on shares of ThredUp from $6.00 to $7.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Needham & Company LLC restated a "hold" rating on shares of ThredUp in a research note on Tuesday, March 4th. Wall Street Zen upgraded shares of ThredUp from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, 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 note on Tuesday, May 6th.
Check Out Our Latest Stock Analysis on ThredUp
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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