ThredUp (NASDAQ:TDUP) Posts Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• ThredUp (NASDAQ:TDUP) reported ($0.04) earnings per share, exceeding analysts' estimates of ($0.06) by $0.02.
• The company's stock trading price increased by 14.3% on the day, reaching $9.68, with trading volume significantly higher than its average.
• After recent performance, ThredUp received several upgrades from analysts, including a price target increase from Telsey Advisory Group to $9.00 and many ratings leaning towards "buy" or "outperform."

ThredUp (NASDAQ:TDUP - Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02, Zacks reports. ThredUp had a negative return on equity of 77.03% and a negative net margin of 22.41%. ThredUp updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

ThredUp Trading Up 14.3%

TDUP stock traded up $1.21 during trading on Monday, reaching $9.68. 5,853,438 shares of the stock traded hands, compared to its average volume of 1,848,318. The business's 50 day moving average price is $7.64 and its 200-day moving average price is $4.89. ThredUp has a 52-week low of $0.50 and a 52-week high of $9.75. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $1.14 billion, a PE ratio of -16.69 and a beta of 1.73.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Telsey Advisory Group lifted their price objective on ThredUp from $7.00 to $9.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $7.50 price objective (up previously from $6.00) on shares of ThredUp in a research report on Tuesday, May 6th. Wall Street Zen raised ThredUp from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Northland Capmk raised ThredUp to a "strong-buy" rating in a research report on Monday, July 21st. Finally, Northland Securities assumed coverage on ThredUp in a research report on Monday, July 21st. They issued an "outperform" rating and a $9.00 price objective for the company. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $8.50.

Institutional Investors Weigh In On ThredUp

A number of institutional investors have recently added to or reduced their stakes in TDUP. Bank of America Corp DE boosted its position in shares of ThredUp by 42.6% in the fourth quarter. Bank of America Corp DE now owns 77,456 shares of the company's stock worth $108,000 after buying an additional 23,156 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of ThredUp by 7.6% in the first quarter. Cubist Systematic Strategies LLC now owns 37,516 shares of the company's stock worth $90,000 after buying an additional 2,659 shares during the period. AQR Capital Management LLC boosted its position in shares of ThredUp by 185.9% in the first quarter. AQR Capital Management LLC now owns 94,652 shares of the company's stock worth $228,000 after buying an additional 61,547 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ThredUp by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,705 shares of the company's stock worth $115,000 after buying an additional 2,034 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of ThredUp by 39.2% in the first quarter. Jane Street Group LLC now owns 92,376 shares of the company's stock worth $223,000 after buying an additional 25,995 shares during the period. 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.

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