Shares of ThredUp Inc. (NASDAQ:TDUP - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $7.26 and last traded at $7.18, with a volume of 2085329 shares. The stock had previously closed at $6.99.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a report on Tuesday, March 4th. Telsey Advisory Group increased their target price on ThredUp from $6.00 to $7.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $7.50 price target (up previously from $6.00) on shares of ThredUp in a research report on Tuesday, May 6th.
Get Our Latest Stock Report on ThredUp
ThredUp Stock Performance
The company's 50-day moving average price is $3.96 and its 200 day moving average price is $2.57. The stock has a market capitalization of $849.01 million, a PE ratio of -11.22 and a beta of 1.51. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96.
ThredUp (NASDAQ:TDUP - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The business had revenue of $71.29 million during the quarter, compared to the consensus estimate of $67.54 million. ThredUp had a negative return on equity of 78.74% and a negative net margin of 22.16%. On average, equities research analysts expect that ThredUp Inc. will post -0.56 earnings per share for the current fiscal year.
Insider Activity at ThredUp
In other news, Director Patricia Nakache sold 49,007 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $2.24, for a total transaction of $109,775.68. Following the transaction, the director now directly owns 250,956 shares of the company's stock, valued at $562,141.44. This represents a 16.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 872,134 shares of company stock valued at $2,755,442 over the last 90 days. Corporate insiders own 27.00% of the company's stock.
Hedge Funds Weigh In On ThredUp
Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in ThredUp by 39.2% in the 1st quarter. Jane Street Group LLC now owns 92,376 shares of the company's stock worth $223,000 after purchasing an additional 25,995 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of ThredUp in the first quarter worth $332,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ThredUp by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,705 shares of the company's stock worth $115,000 after acquiring an additional 2,034 shares during the last quarter. Bosun Asset Management LLC purchased a new position in ThredUp during the first quarter valued at $205,000. Finally, AQR Capital Management LLC grew its stake in ThredUp by 185.9% during the first quarter. AQR Capital Management LLC now owns 94,652 shares of the company's stock valued at $228,000 after acquiring an additional 61,547 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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