ThredUp (NASDAQ:TDUP - Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.02, Zacks reports. The firm had revenue of $77.66 million for the quarter, compared to analysts' expectations of $73.08 million. ThredUp had a negative net margin of 19.66% and a negative return on equity of 71.49%. ThredUp updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.
ThredUp Stock Up 0.0%
Shares of NASDAQ:TDUP traded up $0.00 on Friday, hitting $9.90. 1,003,578 shares of the company's stock were exchanged, compared to its average volume of 1,888,151. The company has a market capitalization of $1.17 billion, a PE ratio of -20.25 and a beta of 1.73. ThredUp has a 1-year low of $0.50 and a 1-year high of $11.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 0.96. The firm's 50-day moving average is $7.86 and its 200 day moving average is $5.06.
Institutional Trading of ThredUp
Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings 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 valued at $108,000 after buying an additional 23,156 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in ThredUp by 7.6% in the first quarter. Cubist Systematic Strategies LLC now owns 37,516 shares of the company's stock valued at $90,000 after buying an additional 2,659 shares in the last quarter. AQR Capital Management LLC raised its holdings in ThredUp by 185.9% during the first quarter. AQR Capital Management LLC now owns 94,652 shares of the company's stock worth $228,000 after purchasing an additional 61,547 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ThredUp by 4.5% in the 1st 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 in the last quarter. Finally, Jane Street Group LLC lifted its holdings 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 valued at $223,000 after purchasing an additional 25,995 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on TDUP. Northland Capmk upgraded ThredUp to a "strong-buy" rating in a report on Monday, July 21st. Wall Street Zen upgraded ThredUp from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Northland Securities set a $14.00 target price on shares of ThredUp in a research report on Tuesday. Telsey Advisory Group raised their price target on ThredUp from $9.00 to $12.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their price objective on shares of ThredUp from $10.00 to $13.00 and gave the company an "overweight" rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, ThredUp has an average rating of "Buy" and an average target price of $13.00.
Check Out Our Latest Report on TDUP
ThredUp Company Profile
(
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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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