ThredUp Inc. (NASDAQ:TDUP) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• ThredUp Inc. has received a consensus rating of "Moderate Buy" from six analysts, with an average 1-year price target of $13.00.
• Recent analyst actions include Northland Securities setting a price objective of $14.00 and Telsey Advisory Group increasing their target from $9.00 to $12.00.
• Insiders have sold 255,000 shares of ThredUp in the last quarter, indicating a significant reduction in their ownership stakes.

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) has earned an average rating of "Moderate Buy" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $13.00.

Several analysts recently weighed in on TDUP shares. Northland Securities set a $14.00 price objective on ThredUp in a report on Tuesday, August 5th. Telsey Advisory Group boosted their target price on shares of ThredUp from $9.00 to $12.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Northland Capmk upgraded shares of ThredUp to a "strong-buy" rating in a report on Monday, July 21st. Wells Fargo & Company boosted their target price on shares of ThredUp from $10.00 to $13.00 and gave the stock an "overweight" rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of ThredUp in a report on Saturday, September 27th.

Insider Transactions at ThredUp

In other ThredUp news, Director Coretha M. Rushing sold 105,000 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $10.82, for a total value of $1,136,100.00. Following the completion of the transaction, the director directly owned 148,197 shares in the company, valued at approximately $1,603,491.54. The trade was a 41.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sean Sobers sold 100,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $10.04, for a total transaction of $1,004,000.00. Following the transaction, the chief financial officer owned 477,390 shares in the company, valued at approximately $4,792,995.60. This trade represents a 17.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,000 shares of company stock valued at $2,642,100 over the last quarter. 27.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ThredUp

Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. acquired a new position in shares of ThredUp during the first quarter valued at about $25,000. CHICAGO TRUST Co NA acquired a new position in shares of ThredUp during the first quarter valued at about $30,000. Raymond James Financial Inc. acquired a new position in shares of ThredUp during the second quarter valued at about $32,000. Voya Investment Management LLC acquired a new position in shares of ThredUp during the first quarter valued at about $51,000. Finally, American Century Companies Inc. acquired a new position in shares of ThredUp during the first quarter valued at about $57,000. Institutional investors and hedge funds own 89.08% of the company's stock.

ThredUp Stock Performance

TDUP stock opened at $9.43 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average price of $10.18 and a 200 day moving average price of $7.38. The company has a market capitalization of $1.16 billion, a P/E ratio of -19.24 and a beta of 1.71. ThredUp has a 1-year low of $0.50 and a 1-year high of $12.28.

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.

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