Two Sigma Advisers LP Has $152,000 Holdings in ThredUp Inc. (NASDAQ:TDUP)

Two Sigma Advisers LP increased its position in shares of ThredUp Inc. (NASDAQ:TDUP - Free Report) by 572.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,000 shares of the company's stock after purchasing an additional 92,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.10% of ThredUp worth $152,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDUP. ProShare Advisors LLC increased its position in ThredUp by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 22,150 shares of the company's stock valued at $31,000 after acquiring an additional 7,287 shares in the last quarter. Virtu Financial LLC acquired a new stake in ThredUp in the 4th quarter valued at about $33,000. Cubist Systematic Strategies LLC acquired a new stake in ThredUp in the 4th quarter valued at about $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in ThredUp by 9.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company's stock valued at $63,000 after acquiring an additional 3,908 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in ThredUp in the 4th quarter valued at about $64,000. Institutional investors and hedge funds own 89.08% of the company's stock.

ThredUp Stock Up 1.3%

TDUP traded up $0.10 during trading on Wednesday, reaching $7.76. The company had a trading volume of 1,962,626 shares, compared to its average volume of 1,159,293. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86. ThredUp Inc. has a 12 month low of $0.50 and a 12 month high of $7.92. The business's fifty day moving average price is $5.53 and its 200 day moving average price is $3.27. The company has a market cap of $917.60 million, a P/E ratio of -12.13 and a beta of 1.75.

ThredUp (NASDAQ:TDUP - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates 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. Equities analysts anticipate that ThredUp Inc. will post -0.56 EPS for the current year.

Insider Buying and Selling at ThredUp

In other ThredUp news, Director Patricia Nakache sold 49,007 shares of ThredUp stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $2.24, for a total value of $109,775.68. Following the transaction, the director now owns 250,956 shares of the company's stock, valued at approximately $562,141.44. The trade was a 16.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 811,860 shares of company stock valued at $2,592,099. 27.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TDUP has been the topic of several recent research reports. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $7.50 target price (up previously from $6.00) on shares of ThredUp in a research note on Tuesday, May 6th. Telsey Advisory Group raised their target price on shares of ThredUp from $6.00 to $7.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a research note on Tuesday, March 4th. Finally, Wall Street Zen raised shares of ThredUp from a "hold" rating to a "buy" rating in a research note on Saturday.

ThredUp Company 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.