ThredUp (TDUP) Expected to Announce Earnings on Monday

ThredUp (NASDAQ:TDUP - Get Free Report) will likely be announcing its Q1 2025 earnings results after the market closes on Monday, May 5th. Analysts expect ThredUp to post earnings of ($0.07) per share and revenue of $67.54 million for the quarter.

ThredUp Trading Down 5.3 %

Shares of ThredUp stock traded down $0.24 during trading on Thursday, reaching $4.25. 1,736,753 shares of the company were exchanged, compared to its average volume of 854,399. The business has a 50-day moving average price of $2.90 and a 200-day moving average price of $2.03. The firm has a market capitalization of $493.83 million, a price-to-earnings ratio of -6.64 and a beta of 1.64. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. ThredUp has a twelve month low of $0.50 and a twelve month high of $4.63.

Wall Street Analyst Weigh In

TDUP has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on ThredUp from $3.00 to $6.00 and gave the company an "overweight" rating in a research note on Wednesday. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a research report on Tuesday, March 4th. Finally, Telsey Advisory Group raised their price objective on ThredUp from $3.00 to $6.00 and gave the stock an "outperform" rating in a research note on Monday.

Insider Buying and Selling

In other ThredUp news, Director Patricia Nakache sold 19,685 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $2.50, for a total transaction of $49,212.50. Following the completion of the transaction, the director now owns 250,956 shares in the company, valued at approximately $627,390. This represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 2,374,820 shares of company stock worth $6,548,205 over the last ninety days. Company insiders own 27.00% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ThredUp stock. Bank of America Corp DE boosted its stake in shares of ThredUp Inc. (NASDAQ:TDUP - Free Report) by 42.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 0.07% of ThredUp worth $108,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 89.08% of the company's stock.

About ThredUp

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.