Thrivent Financial for Lutherans Reduces Holdings in ThredUp Inc. (NASDAQ:TDUP)

Thrivent Financial for Lutherans trimmed its position in ThredUp Inc. (NASDAQ:TDUP - Free Report) by 85.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 930,215 shares of the company's stock after selling 5,449,367 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.84% of ThredUp worth $1,581,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Blair William & Co. IL lifted its position in shares of ThredUp by 285.0% during the 2nd quarter. Blair William & Co. IL now owns 911,652 shares of the company's stock worth $1,550,000 after buying an additional 674,852 shares during the last quarter. Capital World Investors boosted its stake in ThredUp by 6.4% in the fourth quarter. Capital World Investors now owns 8,580,000 shares of the company's stock valued at $19,305,000 after acquiring an additional 516,000 shares in the last quarter. Bares Capital Management Inc. grew its holdings in shares of ThredUp by 11.4% during the first quarter. Bares Capital Management Inc. now owns 3,548,800 shares of the company's stock worth $7,098,000 after purchasing an additional 362,221 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of ThredUp by 22.8% during the second quarter. Acadian Asset Management LLC now owns 1,355,830 shares of the company's stock worth $2,303,000 after purchasing an additional 251,629 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new stake in shares of ThredUp during the first quarter worth about $328,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ThredUp

In other ThredUp news, Director Noam Paransky acquired 40,008 shares of the stock in a transaction on Thursday, September 12th. The shares were bought at an average price of $0.81 per share, with a total value of $32,406.48. Following the acquisition, the director now owns 586,452 shares of the company's stock, valued at $475,026.12. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Noam Paransky bought 40,008 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of $0.81 per share, for a total transaction of $32,406.48. Following the transaction, the director now owns 586,452 shares of the company's stock, valued at approximately $475,026.12. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Patricia Nakache sold 119,221 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $1.78, for a total transaction of $212,213.38. Following the completion of the transaction, the director now owns 240,438 shares of the company's stock, valued at $427,979.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 385,008 shares of company stock worth $308,906 and sold 367,645 shares worth $703,755. Company insiders own 34.42% of the company's stock.

ThredUp Price Performance

TDUP remained flat at $0.78 on Friday. The company's stock had a trading volume of 356,993 shares, compared to its average volume of 604,458. ThredUp Inc. has a 12-month low of $0.61 and a 12-month high of $3.80. The stock's 50-day moving average is $0.97 and its 200 day moving average is $1.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.06 and a quick ratio of 0.92. The firm has a market cap of $85.86 million, a PE ratio of -1.22 and a beta of 0.71.

ThredUp (NASDAQ:TDUP - Get Free Report) last released 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). ThredUp had a negative return on equity of 63.88% and a negative net margin of 19.47%. The company had revenue of $79.76 million for the quarter, compared to analysts' expectations of $82.58 million. During the same quarter last year, the company earned ($0.18) EPS. On average, research analysts anticipate that ThredUp Inc. will post -0.54 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on TDUP shares. Telsey Advisory Group restated 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 lowered their target price on shares of ThredUp from $5.00 to $3.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $3.33.

ThredUp 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.