Patricia Nakache Sells 109,934 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 109,934 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $1.91, for a total value of $209,973.94. Following the sale, the director now owns 240,438 shares of the company’s stock, valued at $459,236.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Patricia Nakache also recently made the following trade(s):

• On Friday, May 3rd, Patricia Nakache sold 300 shares of ThredUp stock. The stock was sold at an average price of $1.80, for a total value of $540.00.

ThredUp Stock Performance

TDUP opened at $1.95 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.22 and a quick ratio of 1.02. ThredUp Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $4.39. The company’s 50 day moving average price is $1.82 and its two-hundred day moving average price is $2.10. The firm has a market capitalization of $212.22 million, a price-to-earnings ratio of -2.87 and a beta of 0.71.

ThredUp (NASDAQ:TDUP) last posted its quarterly earnings data on Monday, March 4th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The company had revenue of $81.39 million during the quarter, compared to analyst estimates of $80.30 million. ThredUp had a negative net margin of 22.12% and a negative return on equity of 61.27%. During the same quarter in the previous year, the company earned ($0.19) earnings per share. As a group, research analysts predict that ThredUp Inc. will post -0.46 earnings per share for the current year.

Analysts Set New Price Targets

TDUP has been the topic of a number of recent analyst reports. Telsey Advisory Group decreased their target price on ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price target on shares of ThredUp in a report on Tuesday. The Goldman Sachs Group dropped their price objective on shares of ThredUp from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Thursday, January 11th. Finally, Wedbush decreased their target price on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ThredUp presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TDUP. Mackenzie Financial Corp acquired a new stake in shares of ThredUp during the fourth quarter worth $35,000. Tower Research Capital LLC TRC boosted its position in ThredUp by 445.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 16,376 shares of the company’s stock valued at $37,000 after acquiring an additional 13,372 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new stake in ThredUp during the 3rd quarter worth about $41,000. Blair William & Co. IL bought a new position in shares of ThredUp in the 3rd quarter worth about $48,000. Finally, SG Americas Securities LLC raised its position in shares of ThredUp by 29.4% in the 4th quarter. SG Americas Securities LLC now owns 35,211 shares of the company’s stock worth $79,000 after acquiring an additional 7,997 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

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.