ThredUp Inc. $TDUP Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard increased its stake in ThredUp by 6.1% to 6,914,427 shares—about a 5.61% ownership worth roughly $65.34 million; overall institutional investors hold about 89.08% of the stock.
• Analysts are mixed but cautious: the stock carries an average rating of “Moderate Buy” with a consensus price target of $11.00, while some firms have trimmed price targets (Telsey to $9, Wells Fargo to $10) and Weiss Ratings maintains a sell.
• Insiders (27.0% ownership) recently sold shares—CFO and COO reduced holdings on March 3—and TDUP is trading around $3.65 (down 2.4%) with a market cap of $456.8M and a 52‑week range of $2.14–$12.28.

Vanguard Group Inc. raised its position in ThredUp Inc. (NASDAQ:TDUP - Free Report) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,914,427 shares of the company's stock after purchasing an additional 398,865 shares during the quarter. Vanguard Group Inc. owned about 5.61% of ThredUp worth $65,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in ThredUp during the second quarter worth about $32,000. State of Alaska Department of Revenue acquired a new position in shares of ThredUp in the third quarter worth $55,000. Ameritas Investment Partners Inc. increased its holdings in ThredUp by 32.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,290 shares of the company's stock worth $70,000 after purchasing an additional 2,287 shares during the period. Bensler LLC purchased a new stake in shares of ThredUp during the second quarter worth approximately $75,000. Finally, Tower Research Capital LLC TRC raised its holdings in ThredUp by 110.1% in the second quarter. Tower Research Capital LLC TRC now owns 10,959 shares of the company's stock valued at $82,000 after acquiring an additional 5,744 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TDUP shares. Wall Street Zen cut ThredUp from a "buy" rating to a "hold" rating in a research report on Saturday, December 20th. Telsey Advisory Group reduced their price objective on ThredUp from $12.00 to $9.00 and set an "outperform" rating for the company in a research note on Tuesday. Wells Fargo & Company cut their price target on shares of ThredUp from $13.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of ThredUp in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.00.

ThredUp Trading Down 2.4%

Shares of TDUP stock opened at $3.65 on Friday. The company has a market capitalization of $456.76 million, a price-to-earnings ratio of -24.33 and a beta of 1.72. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $5.20 and a 200 day moving average price of $7.66. ThredUp Inc. has a twelve month low of $2.14 and a twelve month high of $12.28.

ThredUp (NASDAQ:TDUP - Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). ThredUp had a negative return on equity of 34.48% and a negative net margin of 6.50%.The company had revenue of $79.70 million during the quarter, compared to the consensus estimate of $77.17 million. Research analysts forecast that ThredUp Inc. will post -0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at ThredUp

In other news, CFO Sean Sobers sold 56,504 shares of the business's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $3.82, for a total transaction of $215,845.28. Following the completion of the sale, the chief financial officer directly owned 555,254 shares of the company's stock, valued at $2,121,070.28. The trade was a 9.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Christopher Homer sold 69,741 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $3.82, for a total value of $266,410.62. Following the completion of the transaction, the chief operating officer owned 1,274,906 shares in the company, valued at approximately $4,870,140.92. This trade represents a 5.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 27.00% of the stock is owned by insiders.

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.

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