ThredUp Sees Unusually Large Options Volume (NASDAQ:TDUP)

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders acquired 9,371 call options on the stock. This is an increase of 1,299% compared to the typical volume of 670 call options.

Insider Transactions at ThredUp

In other news, Director Patricia Nakache sold 35,098 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $2.69, for a total transaction of $94,413.62. Following the completion of the transaction, the director now directly owns 250,956 shares of the company's stock, valued at $675,071.64. This represents a 12.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, 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

Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in ThredUp by 75.2% in the fourth quarter. Renaissance Technologies LLC now owns 978,745 shares of the company's stock worth $1,360,000 after purchasing an additional 420,012 shares in the last quarter. PEAK6 LLC acquired a new stake in ThredUp in the fourth quarter worth about $228,000. BloombergSen Inc. lifted its position in shares of ThredUp by 278.9% during the 4th quarter. BloombergSen Inc. now owns 639,548 shares of the company's stock valued at $889,000 after acquiring an additional 470,768 shares during the last quarter. JPMorgan Chase & Co. grew its position in ThredUp by 450.6% in the fourth quarter. JPMorgan Chase & Co. now owns 201,755 shares of the company's stock worth $280,000 after acquiring an additional 165,115 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in ThredUp in the 4th quarter worth $348,000. Hedge funds and other institutional investors own 89.08% of the company's stock.

ThredUp Price Performance

Shares of TDUP stock traded down $0.47 on Friday, reaching $5.90. The company's stock had a trading volume of 1,555,113 shares, compared to its average volume of 1,000,621. The company has a market capitalization of $685.55 million, a price-to-earnings ratio of -9.22 and a beta of 1.51. The stock's fifty day simple moving average is $3.26 and its 200-day simple moving average is $2.22. ThredUp has a 1 year low of $0.50 and a 1 year high of $6.58. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

ThredUp (NASDAQ:TDUP - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The business had revenue of $71.29 million during the quarter, compared to the consensus estimate of $67.54 million. ThredUp had a negative net margin of 22.16% and a negative return on equity of 78.74%. Analysts forecast that ThredUp will post -0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on TDUP. Needham & Company LLC reaffirmed a "hold" rating on shares of ThredUp in a research note on Tuesday, March 4th. 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. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $7.50 target price (up from $6.00) on shares of ThredUp in a report on Tuesday.

About ThredUp

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.