ThredUp (NASDAQ:TDUP) Releases Earnings Results, Beats Estimates By $0.03 EPS

ThredUp (NASDAQ:TDUP - Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03, Zacks reports. ThredUp had a negative net margin of 22.16% and a negative return on equity of 78.74%. The business had revenue of $71.29 million during the quarter, compared to the consensus estimate of $67.54 million. ThredUp updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

ThredUp Trading Down 0.2 %

Shares of TDUP traded down $0.01 during trading on Thursday, reaching $6.43. 3,848,382 shares of the company traded hands, compared to its average volume of 985,868. ThredUp has a twelve month low of $0.50 and a twelve month high of $6.67. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The stock has a 50-day simple moving average of $3.17 and a 200-day simple moving average of $2.19. The stock has a market cap of $747.13 million, a PE ratio of -10.05 and a beta of 1.51.

Insider Transactions at ThredUp

In other ThredUp news, Director Patricia Nakache sold 86,777 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $2.51, for a total value of $217,810.27. Following the sale, the director now directly owns 250,956 shares of the company's stock, valued at approximately $629,899.56. This represents a 25.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have sold 1,337,172 shares of company stock valued at $4,042,161. 27.00% of the stock is currently owned by corporate insiders.

Institutional Trading of ThredUp

An institutional investor recently raised its position in ThredUp stock. Bank of America Corp DE increased its position in ThredUp Inc. (NASDAQ:TDUP - Free Report) by 42.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,456 shares of the company's stock after acquiring an additional 23,156 shares during the period. Bank of America Corp DE owned approximately 0.07% of ThredUp worth $108,000 as of its most recent SEC filing. 89.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDUP has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an "overweight" rating and issued a $7.50 price objective (up from $6.00) on shares of ThredUp in a research report on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of ThredUp in a report on Tuesday, March 4th. Finally, Telsey Advisory Group raised their target price on ThredUp from $6.00 to $7.00 and gave the company an "outperform" rating in a research report on Tuesday.

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.