ThredUp Inc. (NASDAQ:TDUP - Get Free Report) was up 9.3% during mid-day trading on Monday . The stock traded as high as $7.95 and last traded at $8.01. Approximately 724,315 shares traded hands during trading, a decline of 47% from the average daily volume of 1,370,548 shares. The stock had previously closed at $7.33.
Analysts Set New Price Targets
A number of research analysts recently issued reports on TDUP shares. Wells Fargo & Company reiterated an "overweight" rating and issued a $7.50 price target (up previously from $6.00) on shares of ThredUp in a research note on Tuesday, May 6th. Wall Street Zen raised shares of ThredUp from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Telsey Advisory Group increased their price objective on shares of ThredUp from $6.00 to $7.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, Northland Securities started coverage on ThredUp in a research note on Monday. They set an "outperform" rating and a $9.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $7.83.
View Our Latest Stock Analysis on ThredUp
ThredUp Stock Performance
The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $990.94 million, a price-to-earnings ratio of -14.45 and a beta of 1.73. The stock's fifty day simple moving average is $7.43 and its 200-day simple moving average is $4.44.
ThredUp (NASDAQ:TDUP - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. ThredUp had a negative net margin of 22.41% and a negative return on equity of 77.03%. The company had revenue of $71.29 million for the quarter, compared to analysts' expectations of $67.54 million. Analysts predict that ThredUp Inc. will post -0.56 EPS for the current year.
Institutional Investors Weigh In On ThredUp
A number of institutional investors have recently bought and sold shares of TDUP. Two Sigma Investments LP boosted its position in ThredUp by 150.1% during the 4th quarter. Two Sigma Investments LP now owns 114,632 shares of the company's stock worth $159,000 after acquiring an additional 68,790 shares during the last quarter. Barclays PLC increased its position in shares of ThredUp by 14.7% in the fourth quarter. Barclays PLC now owns 119,325 shares of the company's stock worth $166,000 after purchasing an additional 15,307 shares during the period. Renaissance Technologies LLC grew its position in ThredUp by 75.2% in the fourth quarter. Renaissance Technologies LLC now owns 978,745 shares of the company's stock valued at $1,360,000 after acquiring an additional 420,012 shares during the last quarter. PEAK6 LLC bought a new position in ThredUp in the fourth quarter valued at about $228,000. Finally, BloombergSen Inc. grew its position in ThredUp by 278.9% in the fourth quarter. BloombergSen Inc. now owns 639,548 shares of the company's stock valued at $889,000 after acquiring an additional 470,768 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.
About ThredUp
(
Get Free Report)
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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