Jacobs Levy Equity Management Inc. Sells 71,442 Shares of ThredUp Inc. (NASDAQ:TDUP)

Jacobs Levy Equity Management Inc. cut its stake in ThredUp Inc. (NASDAQ:TDUP - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 761,669 shares of the company's stock after selling 71,442 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.67% of ThredUp worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDUP. Virtu Financial LLC bought a new stake in ThredUp during the 4th quarter worth about $33,000. Cubist Systematic Strategies LLC bought a new stake in ThredUp during the 4th quarter worth about $48,000. O Shaughnessy Asset Management LLC bought a new stake in ThredUp during the 4th quarter worth about $64,000. Wells Fargo & Company MN lifted its position in ThredUp by 32.1% during the 4th quarter. Wells Fargo & Company MN now owns 57,426 shares of the company's stock worth $80,000 after buying an additional 13,941 shares in the last quarter. Finally, Barclays PLC lifted its position in ThredUp by 278.7% during the 3rd quarter. Barclays PLC now owns 104,018 shares of the company's stock worth $87,000 after buying an additional 76,553 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TDUP shares. Telsey Advisory Group boosted their price target on shares of ThredUp from $6.00 to $7.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Wall Street Zen cut shares of ThredUp from a "buy" rating to a "hold" rating in a research report on Thursday. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $7.50 price target (up from $6.00) on shares of ThredUp in a research report on Tuesday, May 6th.

ThredUp Stock Performance

Shares of TDUP stock traded up $0.21 on Thursday, reaching $7.26. The stock had a trading volume of 359,507 shares, compared to its average volume of 1,075,461. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The firm's 50-day moving average is $4.05 and its two-hundred day moving average is $2.60. The firm has a market capitalization of $857.88 million, a price-to-earnings ratio of -11.23 and a beta of 1.51. ThredUp Inc. has a 12 month low of $0.50 and a 12 month high of $7.34.

ThredUp (NASDAQ:TDUP - Get Free Report) last issued its earnings results 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 company had revenue of $71.29 million for the quarter, compared to analysts' expectations of $67.54 million. ThredUp had a negative net margin of 22.16% and a negative return on equity of 78.74%. On average, research analysts expect that ThredUp Inc. will post -0.56 EPS for the current fiscal year.

Insider Activity

In other ThredUp news, Director Patricia Nakache sold 49,007 shares of the stock in a transaction dated 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 directly owns 250,956 shares of the company's stock, valued at $562,141.44. This represents a 16.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 811,860 shares of company stock valued at $2,592,099. 27.00% of the stock is owned by company insiders.

ThredUp 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.