ThredUp Inc. (NASDAQ:TDUP) Director Buys $43,341.95 in Stock

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Daniel J. Nova bought 29,891 shares of ThredUp stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of $1.45 per share, for a total transaction of $43,341.95. Following the acquisition, the director now owns 214,033 shares in the company, valued at $310,347.85. The trade was a 16.23 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

ThredUp Trading Up 3.2 %

Shares of TDUP stock traded up $0.05 during trading hours on Monday, reaching $1.60. The company's stock had a trading volume of 1,336,680 shares, compared to its average volume of 680,583. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $182.02 million, a P/E ratio of -2.50 and a beta of 0.75. The firm's fifty day simple moving average is $0.86 and its 200 day simple moving average is $1.29. ThredUp Inc. has a one year low of $0.50 and a one year high of $2.60.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TDUP. Needham & Company LLC restated a "hold" rating on shares of ThredUp in a report on Wednesday, October 23rd. Telsey Advisory Group restated an "outperform" rating and issued a $3.00 target price on shares of ThredUp in a report on Tuesday, October 29th. Finally, Wells Fargo & Company decreased their target price on shares of ThredUp from $5.00 to $3.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $3.40.

Institutional Trading of ThredUp

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in shares of ThredUp by 84.8% in the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company's stock worth $29,000 after purchasing an additional 15,850 shares during the period. Sei Investments Co. purchased a new stake in ThredUp in the second quarter worth about $37,000. Cubist Systematic Strategies LLC bought a new stake in ThredUp during the 2nd quarter valued at approximately $43,000. Price T Rowe Associates Inc. MD grew its holdings in shares of ThredUp by 33.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company's stock worth $45,000 after acquiring an additional 5,635 shares during the period. Finally, Diversified Trust Co raised its position in shares of ThredUp by 117.3% in the 2nd quarter. Diversified Trust Co now owns 28,111 shares of the company's stock worth $48,000 after acquiring an additional 15,175 shares in the last quarter. Institutional investors own 89.08% of the company's stock.

ThredUp Company 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.