ThredUp's (TDUP) Outperform Rating Reaffirmed at Telsey Advisory Group

ThredUp (NASDAQ:TDUP - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $3.00 target price on the stock. Telsey Advisory Group's target price would indicate a potential upside of 27.12% from the stock's previous close. Telsey Advisory Group also issued estimates for ThredUp's Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.28) EPS and FY2026 earnings at ($0.29) EPS.

Separately, Needham & Company LLC reiterated a "hold" rating on shares of ThredUp in a research report on Tuesday.

ThredUp Trading Up 1.3 %

NASDAQ:TDUP traded up $0.03 on Tuesday, reaching $2.36. The company's stock had a trading volume of 754,234 shares, compared to its average volume of 1,109,471. ThredUp has a 1-year low of $0.50 and a 1-year high of $2.99. The business's 50-day moving average price is $2.16 and its two-hundred day moving average price is $1.42. The firm has a market cap of $268.47 million, a PE ratio of -3.69 and a beta of 1.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96.

Insider Buying and Selling at ThredUp

In related news, Director Patricia Nakache sold 625,498 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $1.95, for a total transaction of $1,219,721.10. Following the completion of the transaction, the director now directly owns 250,956 shares in the company, valued at approximately $489,364.20. This trade represents a 71.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 2,735,211 shares of company stock valued at $6,371,366 in the last 90 days. 34.42% of the stock is currently owned by company insiders.

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Hedge Funds Weigh In On ThredUp

A number of large investors have recently bought and sold shares of the company. ProShare Advisors LLC raised its holdings in shares of ThredUp by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 22,150 shares of the company's stock valued at $31,000 after purchasing an additional 7,287 shares during the last quarter. Virtu Financial LLC bought a new position in ThredUp in the fourth quarter valued at $33,000. Cubist Systematic Strategies LLC acquired a new stake in ThredUp in the 4th quarter valued at $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ThredUp by 9.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company's stock valued at $63,000 after buying an additional 3,908 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in ThredUp during the 4th quarter worth about $64,000. Institutional investors and hedge funds own 89.08% of the company's stock.

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.