ThredUp (NASDAQ:TDUP - Get Free Report) is set to release its earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. ThredUp has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Persons interested in listening to the company's earnings conference call can do so using this link.
ThredUp (NASDAQ:TDUP - Get Free Report) last announced its quarterly earnings results on Monday, March 4th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). ThredUp had a negative net margin of 22.12% and a negative return on equity of 61.27%. The company had revenue of $81.39 million for the quarter, compared to analyst estimates of $80.30 million. During the same quarter last year, the business earned ($0.19) EPS. On average, analysts expect ThredUp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
ThredUp Price Performance
Shares of TDUP traded up $0.12 during mid-day trading on Monday, hitting $1.73. The company's stock had a trading volume of 567,102 shares, compared to its average volume of 532,850. ThredUp has a one year low of $1.52 and a one year high of $4.39. The company has a quick ratio of 1.02, a current ratio of 1.22 and a debt-to-equity ratio of 0.21. The stock's 50-day moving average is $1.85 and its two-hundred day moving average is $2.16.
Analyst Ratings Changes
TDUP has been the subject of several research reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $4.00 target price on shares of ThredUp in a research report on Tuesday, March 5th. Needham & Company LLC restated a "buy" rating and issued a $5.00 target price on shares of ThredUp in a research note on Tuesday, March 5th. The Goldman Sachs Group lowered their price objective on ThredUp from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Thursday, January 11th. Finally, Wedbush reiterated an "outperform" rating and issued a $4.00 price objective on shares of ThredUp in a research report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $3.67.
Get Our Latest Report on ThredUp
Insider Buying and Selling at ThredUp
In other ThredUp news, major shareholder Gs Investment Strategies, Llc sold 30,397 shares of the company's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $2.13, for a total value of $64,745.61. Following the transaction, the insider now directly owns 3,710,048 shares of the company's stock, valued at approximately $7,902,402.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 48,168 shares of company stock valued at $100,293 in the last ninety days. 34.42% of the stock is currently owned by corporate insiders.
About ThredUp
(
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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.
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