Traders Purchase Large Volume of ThredUp Call Options (NASDAQ:TDUP)

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) saw some unusual options trading activity on Tuesday. Stock investors purchased 9,371 call options on the company. This is an increase of 1,299% compared to the typical volume of 670 call options.

Insider Buying and Selling at ThredUp

In related news, Director Patricia Nakache sold 49,007 shares of ThredUp stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $2.24, for a total transaction of $109,775.68. Following the completion of the sale, the director now owns 250,956 shares in the company, valued at approximately $562,141.44. This trade represents a 16.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 1,317,487 shares of company stock valued at $3,992,948. Corporate insiders own 27.00% of the company's stock.

Institutional Investors Weigh In On ThredUp

Hedge funds have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ raised its stake in shares of ThredUp by 15.9% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 23,914 shares of the company's stock valued at $58,000 after buying an additional 3,285 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in ThredUp by 9.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company's stock valued at $63,000 after buying an additional 3,908 shares during the period. ProShare Advisors LLC boosted its holdings in ThredUp by 49.0% during the fourth 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. Bank of New York Mellon Corp grew its holdings in shares of ThredUp by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 188,338 shares of the company's stock valued at $454,000 after buying an additional 9,254 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of ThredUp in the 1st quarter valued at approximately $25,000. 89.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

ThredUp Stock Down 2.2 %

NASDAQ:TDUP traded down $0.14 during trading hours on Friday, hitting $6.23. 3,796,087 shares of the company's stock traded hands, compared to its average volume of 1,009,074. The stock's fifty day moving average price is $3.33 and its two-hundred day moving average price is $2.27. The firm has a market cap of $723.89 million, a P/E ratio of -9.73 and a beta of 1.51. 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 has a twelve month low of $0.50 and a twelve month high of $6.56.

ThredUp (NASDAQ:TDUP - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.03. The firm had revenue of $71.29 million during the quarter, compared to analysts' expectations of $67.54 million. ThredUp had a negative return on equity of 78.74% and a negative net margin of 22.16%. On average, research analysts expect that ThredUp will post -0.56 earnings per share for the current fiscal year.

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.