ThredUp (NASDAQ:TDUP) Price Target Raised to $7.00 at Telsey Advisory Group

ThredUp (NASDAQ:TDUP - Free Report) had its price target hoisted by Telsey Advisory Group from $6.00 to $7.00 in a research report released on Tuesday, MarketBeat.com reports. Telsey Advisory Group currently has an outperform rating on the stock. Telsey Advisory Group also issued estimates for ThredUp's Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.07) EPS, FY2025 earnings at ($0.29) EPS and FY2026 earnings at ($0.28) EPS.

Several other brokerages have also recently issued reports on TDUP. Wells Fargo & Company increased their target price on ThredUp from $3.00 to $6.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Needham & Company LLC reiterated a "hold" rating on shares of ThredUp in a research note on Tuesday, March 4th.

ThredUp Stock Down 2.2 %

Shares of ThredUp stock traded down $0.14 during trading on Tuesday, hitting $6.23. 3,796,087 shares of the stock traded hands, compared to its average volume of 1,009,492. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock's fifty day simple moving average is $3.33 and its 200 day simple moving average is $2.26. The firm has a market cap of $723.89 million, a P/E ratio of -9.73 and a beta of 1.51. ThredUp has a 52-week low of $0.50 and a 52-week high of $6.56.

ThredUp (NASDAQ:TDUP - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.04) EPS 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 business had revenue of $71.29 million for the quarter, compared to the consensus estimate of $67.54 million. On average, equities analysts predict that ThredUp will post -0.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Patricia Nakache sold 212,842 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $3.32, for a total transaction of $706,635.44. Following the sale, the director now owns 250,956 shares in the company, valued at approximately $833,173.92. The trade was a 45.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 1,317,487 shares of company stock valued at $3,992,948. 27.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ boosted its position in ThredUp by 15.9% in the first 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ThredUp by 9.4% during 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 during the period. ProShare Advisors LLC boosted its holdings in shares of 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 during the last quarter. Bank of New York Mellon Corp increased its stake in shares of ThredUp by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 188,338 shares of the company's stock worth $454,000 after acquiring an additional 9,254 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of ThredUp during the first quarter worth $25,000. Hedge funds and other institutional investors own 89.08% of the company's stock.

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.