ThredUp Inc. (NASDAQ:TDUP) Director Acquires 6,810 Shares

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Ian Friedman bought 6,810 shares of ThredUp stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $2.20 per share, for a total transaction of $14,982.00. Following the completion of the purchase, the director now directly owns 367,558 shares of the company's stock, valued at $808,627.60. This trade represents a 1.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

ThredUp Stock Up 4.9 %

TDUP stock traded up $0.12 during mid-day trading on Friday, reaching $2.56. The company had a trading volume of 997,787 shares, compared to its average volume of 771,666. The firm has a fifty day simple moving average of $2.35 and a 200 day simple moving average of $1.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The company has a market capitalization of $297.46 million, a price-to-earnings ratio of -4.03 and a beta of 1.73. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.99.

Wall Street Analyst Weigh In

TDUP has been the subject of several recent analyst reports. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a research note on Tuesday, March 4th. Telsey Advisory Group reissued an "outperform" rating and set a $3.00 price objective on shares of ThredUp in a research report on Tuesday, March 4th.

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Institutional Investors Weigh In On ThredUp

Hedge funds and other institutional investors have recently modified their holdings of the company. ProShare Advisors LLC increased its holdings in 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 buying an additional 7,287 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of ThredUp in the 4th quarter valued at about $33,000. Cubist Systematic Strategies LLC acquired a new stake in shares of ThredUp during the 4th quarter worth about $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in ThredUp by 9.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company's stock valued at $63,000 after purchasing an additional 3,908 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in ThredUp in the fourth quarter valued at approximately $64,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

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.