ThredUp Inc. (NASDAQ:TDUP) Receives $3.33 Consensus Price Target from Analysts

Shares of ThredUp Inc. (NASDAQ:TDUP - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $3.33.

Several analysts have recently weighed in on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $3.00 price target on shares of ThredUp in a research note on Tuesday, August 6th. Wells Fargo & Company decreased their target price on ThredUp from $5.00 to $3.00 and set an "overweight" rating for the company in a research report on Tuesday, August 6th.

ThredUp Price Performance

TDUP stock traded down $0.03 during trading on Friday, reaching $0.78. The company's stock had a trading volume of 145,551 shares, compared to its average volume of 585,687. The company's fifty day moving average is $0.81 and its 200-day moving average is $1.44. The company has a market capitalization of $85.99 million, a P/E ratio of -1.22 and a beta of 0.71. ThredUp has a 1 year low of $0.61 and a 1 year high of $3.80. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.23.

ThredUp (NASDAQ:TDUP - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The company had revenue of $79.76 million during the quarter, compared to analysts' expectations of $82.58 million. ThredUp had a negative return on equity of 63.88% and a negative net margin of 19.47%. During the same quarter in the previous year, the firm earned ($0.18) EPS. On average, research analysts expect that ThredUp will post -0.55 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Patricia Nakache sold 20,000 shares of the business's stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $2.09, for a total transaction of $41,800.00. Following the completion of the transaction, the director now owns 250,956 shares in the company, valued at $524,498.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other ThredUp news, Director Patricia Nakache sold 20,000 shares of the business's stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $2.09, for a total transaction of $41,800.00. Following the sale, the director now owns 250,956 shares of the company's stock, valued at approximately $524,498.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Noam Paransky acquired 180,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were bought at an average price of $0.81 per share, with a total value of $145,800.00. Following the completion of the purchase, the director now directly owns 426,444 shares of the company's stock, valued at approximately $345,419.64. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 385,008 shares of company stock worth $308,906 and have sold 83,843 shares worth $173,133. Company insiders own 34.42% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TDUP. Simplicity Wealth LLC acquired a new stake in ThredUp during the 3rd quarter valued at approximately $97,000. SG Americas Securities LLC lifted its position in ThredUp by 84.8% during the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company's stock valued at $29,000 after purchasing an additional 15,850 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in ThredUp in the second quarter valued at $43,000. Creekside Partners acquired a new stake in ThredUp during the 2nd quarter worth about $51,000. Finally, Squarepoint Ops LLC raised its stake in shares of ThredUp by 72.6% during the 2nd quarter. Squarepoint Ops LLC now owns 402,398 shares of the company's stock valued at $684,000 after buying an additional 169,196 shares during the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

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.