Squarepoint Ops LLC lessened its position in ThredUp Inc. (NASDAQ:TDUP - Free Report) by 26.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 255,195 shares of the company's stock after selling 90,633 shares during the quarter. Squarepoint Ops LLC owned approximately 0.22% of ThredUp worth $355,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Two Sigma Investments LP lifted its stake in shares of ThredUp by 150.1% in the 4th quarter. Two Sigma Investments LP now owns 114,632 shares of the company's stock valued at $159,000 after purchasing an additional 68,790 shares during the period. Two Sigma Advisers LP raised its stake in ThredUp by 572.8% during the fourth quarter. Two Sigma Advisers LP now owns 109,000 shares of the company's stock valued at $152,000 after buying an additional 92,800 shares during the last quarter. ProShare Advisors LLC raised its stake in ThredUp by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 22,150 shares of the company's stock valued at $31,000 after buying an additional 7,287 shares during the last quarter. Needham Investment Management LLC raised its stake in ThredUp by 2.7% during the fourth quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company's stock valued at $8,851,000 after buying an additional 167,500 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in ThredUp during the fourth quarter valued at $113,000. Hedge funds and other institutional investors own 89.08% of the company's stock.
Insider Transactions at ThredUp
In other news, Director Patricia Nakache sold 212,842 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $3.32, for a total value of $706,635.44. Following the completion of the transaction, the director now owns 250,956 shares in the company, valued at $833,173.92. The trade was a 45.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 811,860 shares of company stock worth $2,592,099 over the last quarter. 27.00% of the stock is currently owned by insiders.
ThredUp Stock Down 1.8%
TDUP stock opened at $7.51 on Friday. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $7.78. The business has a fifty day moving average price of $5.11 and a 200-day moving average price of $3.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86. The stock has a market capitalization of $888.03 million, a P/E ratio of -11.73 and a beta of 1.75.
ThredUp (NASDAQ:TDUP - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. ThredUp had a negative return on equity of 78.74% and a negative net margin of 22.16%. The firm had revenue of $71.29 million during the quarter, compared to analysts' expectations of $67.54 million. Equities analysts forecast that ThredUp Inc. will post -0.56 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have issued reports on TDUP shares. Wells Fargo & Company reiterated an "overweight" rating and set a $7.50 price objective (up previously from $6.00) on shares of ThredUp in a research note on Tuesday, May 6th. Wall Street Zen cut ThredUp from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Needham & Company LLC reiterated a "hold" rating on shares of ThredUp in a research note on Tuesday, March 4th. Finally, Telsey Advisory Group lifted their price objective on ThredUp from $6.00 to $7.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th.
Get Our Latest Stock Analysis on TDUP
About ThredUp
(
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.
Further Reading
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