Wall Street Zen Downgrades ThredUp (NASDAQ:TDUP) to Hold

ThredUp (NASDAQ:TDUP) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities analysts have also issued research reports about the company. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research note on Thursday, September 4th. Roth Capital began coverage on ThredUp in a research report on Wednesday, October 29th. They issued a “buy” rating and a $11.00 target price on the stock. Northland Securities set a $14.00 target price on ThredUp in a research note on Tuesday, August 5th. Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a research note on Wednesday, October 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $12.00 price target on shares of ThredUp in a report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ThredUp currently has an average rating of “Moderate Buy” and an average price target of $12.50.

ThredUp Trading Up 1.1%

Shares of ThredUp stock opened at $7.04 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.26. ThredUp has a 12-month low of $1.21 and a 12-month high of $12.28. The company has a market capitalization of $880.99 million, a price-to-earnings ratio of -23.47 and a beta of 1.70. The firm’s 50-day moving average price is $8.85 and its two-hundred day moving average price is $8.66.

ThredUp (NASDAQ:TDUP) last issued its quarterly earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $82.16 million during the quarter, compared to the consensus estimate of $77.34 million. ThredUp had a negative net margin of 12.18% and a negative return on equity of 39.20%. ThredUp has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that ThredUp will post -0.56 earnings per share for the current fiscal year.

Insider Activity at ThredUp

In other news, Director Daniel J. Nova purchased 65,000 shares of ThredUp stock in a transaction dated Wednesday, November 5th. The shares were bought at an average cost of $8.04 per share, for a total transaction of $522,600.00. Following the completion of the acquisition, the director owned 368,930 shares in the company, valued at approximately $2,966,197.20. This trade represents a 21.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 27.00% of the company’s stock.

Hedge Funds Weigh In On ThredUp

Several large investors have recently modified their holdings of the business. Marshall Wace LLP grew its stake in shares of ThredUp by 51.8% in the second quarter. Marshall Wace LLP now owns 4,373,596 shares of the company’s stock worth $32,758,000 after purchasing an additional 1,492,015 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in ThredUp by 263.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,056,345 shares of the company’s stock worth $19,432,000 after buying an additional 1,491,020 shares during the period. Prudential Financial Inc. grew its position in shares of ThredUp by 3,625.5% in the 2nd quarter. Prudential Financial Inc. now owns 1,231,088 shares of the company’s stock valued at $9,221,000 after buying an additional 1,198,043 shares during the last quarter. Invesco Ltd. grew its position in shares of ThredUp by 3,682.1% in the 2nd quarter. Invesco Ltd. now owns 1,135,351 shares of the company’s stock valued at $8,504,000 after buying an additional 1,105,332 shares during the last quarter. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of ThredUp in the third quarter valued at about $9,396,000. 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.