Brokerages Set ThredUp Inc. (NASDAQ:TDUP) Target Price at $13.00

Key Points

• ThredUp Inc. has received an average consensus recommendation of "Buy" from five research firms, with one rating as a strong buy and one as a hold.
• The average 1-year price target among brokerages for ThredUp stock is $13.00.
• Recent insider trading activity includes CFO Sean Sobers selling 50,000 shares and Director Coretha M. Rushing selling 105,000 shares, indicating a decrease in their ownership stakes.

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

Several research analysts have recently commented on the company. Northland Capmk raised ThredUp to a "strong-buy" rating in a report on Monday, July 21st. Telsey Advisory Group boosted their target price on ThredUp from $9.00 to $12.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Wall Street Zen downgraded ThredUp from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Wells Fargo & Company upped their price objective on ThredUp from $10.00 to $13.00 and gave the stock an "overweight" rating in a report on Tuesday, August 5th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of ThredUp in a report on Thursday, September 4th.

ThredUp Price Performance

Shares of TDUP traded up $0.66 on Wednesday, hitting $11.07. The company's stock had a trading volume of 284,242 shares, compared to its average volume of 1,925,234. The company has a market capitalization of $1.36 billion, a PE ratio of -22.48 and a beta of 1.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.96 and a quick ratio of 0.96. ThredUp has a fifty-two week low of $0.50 and a fifty-two week high of $12.28. The company has a 50 day moving average price of $9.48 and a 200 day moving average price of $6.63.

Insider Buying and Selling at ThredUp

In other ThredUp news, CFO Sean Sobers sold 100,000 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was 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 of the company's stock, valued at approximately $4,792,995.60. This represents a 17.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Coretha M. Rushing sold 105,000 shares of the stock in a transaction on 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. This trade represents a 41.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,000 shares of company stock worth $2,642,100. Company insiders own 27.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new stake in shares of ThredUp in the 1st quarter valued at $25,000. CHICAGO TRUST Co NA bought a new position in ThredUp during the 1st quarter worth about $30,000. ProShare Advisors LLC increased its holdings in ThredUp by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 22,150 shares of the company's stock worth $31,000 after purchasing an additional 7,287 shares in the last quarter. Raymond James Financial Inc. bought a new position in ThredUp during the 2nd quarter worth about $32,000. Finally, Cubist Systematic Strategies LLC bought a new position in ThredUp during the 4th quarter worth about $48,000. Institutional investors and hedge funds own 89.08% of the company's stock.

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.