ThredUp (NASDAQ:TDUP) Sets New 1-Year Low After Earnings Miss

Key Points

• ThredUp shares plunged to a new 52-week low of $3.04 after the company reported a quarterly adjusted loss of $0.05 per share, missing the $0.03 loss expected by analysts.
• Revenue reached $90.77 million, slightly above estimates and up 17% year over year, with active buyers rising 21% to 1.77 million; however, the company remains unprofitable.
• Weak guidance pressured the stock: third-quarter and full-year revenue forecasts came in below consensus estimates. Analysts remain moderately bullish overall, with a consensus price target of $6.55.

ThredUp Inc. (NASDAQ:TDUP - Get Free Report)'s share price reached a new 52-week low on Thursday following a weaker than expected earnings announcement. The company traded as low as $3.04 and last traded at $3.11, with a volume of 22228269 shares. The stock had previously closed at $6.28.

The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). ThredUp had a negative return on equity of 37.54% and a negative net margin of 6.65%.The business had revenue of $90.77 million during the quarter, compared to analysts' expectations of $90.34 million.

Trending Headlines about ThredUp

Here are the key news stories impacting ThredUp this week:

• Positive Sentiment: ThredUp reported record second-quarter revenue of $90.8 million, up 17% year over year, while gross margin was 79.9% and active buyers increased 21% to 1.77 million. Cash, restricted cash and marketable securities also rose to $57.4 million. ThredUp Announces Second Quarter 2026 Results
• Positive Sentiment: Telsey Advisory Group maintained an “outperform” rating, although it lowered its price target from $7 to $6. The revised target still implies substantial upside from the current trading level. Benzinga analyst price target report
• Positive Sentiment: Analyst coverage remains broadly constructive, with ThredUp receiving a consensus “Moderate Buy” rating. ThredUp consensus analyst rating
• Neutral Sentiment: Management said it is adjusting marketing tactics to navigate a “K-shaped” economy, indicating that consumer spending patterns remain uneven across income groups. ThredUp Navigates K-Shaped Economy as Revenues Climb 17%
• Negative Sentiment: Second-quarter adjusted EPS was a loss of $0.05, missing the expected loss of $0.03, despite revenue narrowly exceeding estimates. The company remains unprofitable, with a negative net margin and return on equity. ThredUp quarterly earnings report
• Negative Sentiment: Third-quarter revenue guidance of $87 million to $89 million trailed the $93 million consensus estimate, while full-year guidance of $344.4 million to $348.4 million was below the $354.8 million consensus. The weaker outlook is the primary pressure on the stock. ThredUp 2026 outlook

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TDUP. TD Cowen raised their price objective on ThredUp from $5.00 to $5.70 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Telsey Advisory Group dropped their target price on ThredUp from $7.00 to $6.00 and set an "outperform" rating for the company in a research note on Thursday. Wells Fargo & Company reduced their target price on ThredUp from $10.00 to $8.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 5th. Weiss Ratings reissued a "sell (e+)" rating on shares of ThredUp in a research note on Wednesday, June 24th. Finally, Roth Capital restated a "buy" rating and issued a $6.50 price target on shares of ThredUp in a report on Thursday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.55.

Insider Buying and Selling

In other news, COO Christopher Homer sold 61,578 shares of the company's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total transaction of $272,790.54. Following the completion of the sale, the chief operating officer directly owned 1,301,843 shares in the company, valued at $5,767,164.49. This represents a 4.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sean Sobers sold 45,554 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total value of $201,804.22. Following the completion of the transaction, the chief financial officer directly owned 572,523 shares in the company, valued at $2,536,276.89. This trade represents a 7.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 23.10% of the company's stock.

Institutional Investors Weigh In On ThredUp

A number of institutional investors have recently added to or reduced their stakes in TDUP. Raymond James Financial Inc. purchased a new position in shares of ThredUp in the 2nd quarter worth about $32,000. R Squared Ltd purchased a new stake in shares of ThredUp during the 1st quarter worth about $34,000. Quarry LP acquired a new stake in ThredUp during the 3rd quarter worth approximately $37,000. Abel Hall LLC acquired a new stake in ThredUp during the 1st quarter worth approximately $39,000. Finally, Meeder Asset Management Inc. raised its holdings in ThredUp by 552.9% in the fourth quarter. Meeder Asset Management Inc. now owns 6,405 shares of the company's stock valued at $41,000 after buying an additional 5,424 shares during the period. Hedge funds and other institutional investors own 89.08% of the company's stock.

ThredUp Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 0.95. The business's 50-day simple moving average is $5.94 and its two-hundred day simple moving average is $4.88.

ThredUp Company Profile

ThredUp, Inc operates an online consignment and thrift platform that enables consumers to buy and sell secondhand clothing and accessories. Through its digital marketplace, the company offers curated selections of apparel for women and children, spanning a broad range of brands and styles. Sellers can order a “Clean Out Kit” to send in items they no longer wear, while buyers benefit from discounted prices and a simplified shopping experience powered by ThredUp's in-house authentication, quality control and logistics capabilities.

In addition to its core consumer-to-consumer marketplace, ThredUp has expanded into business-to-business services with its Resale-as-a-Service (RaaS) offering.

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