ThredUp Inc. (NASDAQ:TDUP - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $7.61 and last traded at $7.45, with a volume of 294004 shares. The stock had previously closed at $7.38.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Telsey Advisory Group boosted their price objective on ThredUp from $6.00 to $7.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Wells Fargo & Company reissued an "overweight" rating and set a $7.50 price objective (up from $6.00) on shares of ThredUp in a research report on Tuesday, May 6th. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a research report on Tuesday, March 4th. Finally, Wall Street Zen downgraded ThredUp from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.
View Our Latest Analysis on TDUP
ThredUp Price Performance
The firm has a market capitalization of $846.65 million, a price-to-earnings ratio of -11.19 and a beta of 1.51. The company has a fifty day moving average price of $4.72 and a two-hundred day moving average price of $2.91. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.
ThredUp (NASDAQ:TDUP - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. ThredUp had a negative return on equity of 78.74% and a negative net margin of 22.16%. The firm had revenue of $71.29 million during the quarter, compared to the consensus estimate of $67.54 million. On average, equities research analysts expect that ThredUp Inc. will post -0.56 EPS for the current fiscal year.
Insiders Place Their Bets
In other ThredUp news, Director Patricia Nakache sold 91,070 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $2.48, for a total value of $225,853.60. Following the completion of the transaction, the director now owns 250,956 shares in the company, valued at approximately $622,370.88. This represents a 26.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 811,860 shares of company stock worth $2,592,099. 27.00% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Needham Investment Management LLC increased its position in shares of ThredUp by 2.7% in the fourth quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company's stock valued at $8,851,000 after buying an additional 167,500 shares in the last quarter. FIL Ltd increased its position in shares of ThredUp by 0.8% in the fourth quarter. FIL Ltd now owns 3,400,000 shares of the company's stock valued at $4,726,000 after buying an additional 27,000 shares in the last quarter. Blair William & Co. IL increased its position in shares of ThredUp by 46.3% in the first quarter. Blair William & Co. IL now owns 2,969,725 shares of the company's stock valued at $7,157,000 after buying an additional 939,449 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of ThredUp by 12.9% in the first quarter. Acadian Asset Management LLC now owns 2,452,349 shares of the company's stock valued at $5,905,000 after buying an additional 279,799 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of ThredUp by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company's stock valued at $2,663,000 after buying an additional 26,326 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.
About ThredUp
(
Get Free Report)
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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