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

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

ThredUp Trading Down 2.2 %

NASDAQ TDUP traded down $0.14 during trading on Friday, hitting $6.23. 3,796,087 shares of the company's stock traded hands, compared to its average volume of 1,009,074. The stock has a fifty day moving average of $3.33 and a two-hundred day moving average of $2.27. ThredUp has a 12-month low of $0.50 and a 12-month high of $6.56. The firm has a market cap of $723.89 million, a P/E ratio of -9.73 and a beta of 1.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86.

Insider Buying and Selling

In other ThredUp news, Director Patricia Nakache sold 212,842 shares of ThredUp stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $3.32, for a total transaction of $706,635.44. Following the sale, the director now directly owns 250,956 shares of the company's stock, valued at approximately $833,173.92. The trade was a 45.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 1,317,487 shares of company stock worth $3,992,948 in the last ninety days. 27.00% of the stock is owned by insiders.

Institutional Trading of ThredUp

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

Wall Street Analyst Weigh In

Several research firms recently commented on TDUP. Wells Fargo & Company restated an "overweight" rating and set a $7.50 target price (up from $6.00) on shares of ThredUp in a research report on Tuesday. Telsey Advisory Group raised their target price on shares of ThredUp from $6.00 to $7.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a report on Tuesday, March 4th.

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.