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

Shares of ThredUp Inc. (NASDAQ:TDUP) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.00.

TDUP has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of ThredUp in a research report on Monday, December 29th. Wall Street Zen cut shares of ThredUp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Telsey Advisory Group decreased their price objective on shares of ThredUp from $12.00 to $9.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of ThredUp from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd.

Insider Buying and Selling

In related news, COO Christopher Homer sold 69,741 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $3.82, for a total transaction of $266,410.62. Following the completion of the sale, the chief operating officer directly owned 1,274,906 shares of the company’s stock, valued at approximately $4,870,140.92. This represents a 5.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sean Sobers sold 56,504 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $3.82, for a total value of $215,845.28. Following the completion of the sale, the chief financial officer owned 555,254 shares of the company’s stock, valued at approximately $2,121,070.28. This represents a 9.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 27.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ThredUp

A number of large investors have recently modified their holdings of the stock. Cerity Partners LLC raised its holdings in shares of ThredUp by 6.7% during the 2nd quarter. Cerity Partners LLC now owns 19,011 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares during the period. SG Americas Securities LLC boosted its holdings in ThredUp by 5.0% in the 2nd quarter. SG Americas Securities LLC now owns 27,167 shares of the company’s stock worth $203,000 after acquiring an additional 1,296 shares during the period. The Manufacturers Life Insurance Company grew its position in ThredUp by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 31,302 shares of the company’s stock valued at $234,000 after acquiring an additional 1,601 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of ThredUp by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,705 shares of the company’s stock valued at $115,000 after purchasing an additional 2,034 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in shares of ThredUp by 32.7% during the second quarter. Ameritas Investment Partners Inc. now owns 9,290 shares of the company’s stock valued at $70,000 after purchasing an additional 2,287 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

ThredUp Stock Performance

Shares of TDUP opened at $3.18 on Friday. ThredUp has a 1 year low of $2.29 and a 1 year high of $12.28. The company has a market capitalization of $403.99 million, a price-to-earnings ratio of -21.20 and a beta of 1.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50 day simple moving average is $4.43 and its 200 day simple moving average is $6.83.

ThredUp (NASDAQ:TDUP) last announced its quarterly earnings results on Monday, March 2nd. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The company had revenue of $79.70 million during the quarter, compared to analyst estimates of $77.17 million. ThredUp had a negative return on equity of 34.48% and a negative net margin of 6.50%. On average, sell-side analysts predict that ThredUp will post -0.56 EPS for the current year.

ThredUp Company Profile

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.