ThredUp Inc. (NASDAQ:TDUP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of ThredUp Inc. (NASDAQ:TDUP) have earned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $12.50.

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of ThredUp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Roth Mkm assumed coverage on shares of ThredUp in a report on Wednesday, October 29th. They set a “buy” rating and a $11.00 price objective for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $12.00 target price on shares of ThredUp in a research note on Tuesday, December 9th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a research report on Monday, December 29th.

ThredUp Stock Performance

ThredUp stock opened at $4.92 on Friday. The firm has a market capitalization of $615.69 million, a P/E ratio of -16.40 and a beta of 1.72. The stock has a fifty day moving average price of $6.41 and a two-hundred day moving average price of $8.30. ThredUp has a 52-week low of $2.02 and a 52-week high of $12.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.92 and a quick ratio of 0.92.

Insiders Place Their Bets

In other ThredUp news, COO Christopher Homer sold 68,358 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $7.42, for a total value of $507,216.36. Following the completion of the sale, the chief operating officer owned 1,170,567 shares in the company, valued at approximately $8,685,607.14. This trade represents a 5.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sean Sobers sold 51,220 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $7.42, for a total transaction of $380,052.40. Following the completion of the transaction, the chief financial officer directly owned 495,336 shares of the company’s stock, valued at approximately $3,675,393.12. This represents a 9.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 27.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in ThredUp in the 2nd quarter valued at $32,000. Quarry LP acquired a new position in shares of ThredUp during the third quarter valued at $37,000. State of Alaska Department of Revenue bought a new position in ThredUp in the third quarter valued at about $55,000. Ameritas Investment Partners Inc. boosted its holdings in ThredUp by 32.7% in the second quarter. Ameritas Investment Partners Inc. now owns 9,290 shares of the company’s stock valued at $70,000 after acquiring an additional 2,287 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in ThredUp in the fourth quarter worth about $70,000. Institutional investors own 89.08% of the company’s stock.

About ThredUp

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.