ThredUp (NASDAQ:TDUP) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

ThredUp (NASDAQ:TDUP - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.06, Zacks reports. The business had revenue of $67.27 million during the quarter, compared to the consensus estimate of $68.95 million. ThredUp had a negative net margin of 22.16% and a negative return on equity of 78.74%. ThredUp updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

ThredUp Stock Down 4.5 %

Shares of TDUP stock traded down $0.11 on Thursday, reaching $2.33. 981,321 shares of the stock were exchanged, compared to its average volume of 1,117,733. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. ThredUp has a twelve month low of $0.50 and a twelve month high of $2.99. The company has a market capitalization of $265.06 million, a price-to-earnings ratio of -3.64 and a beta of 1.73. The business's 50 day moving average price is $2.16 and its 200 day moving average price is $1.42.

Insider Buying and Selling at ThredUp

In other ThredUp news, Director Patricia Nakache sold 625,498 shares of the company's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $1.95, for a total value of $1,219,721.10. Following the completion of the transaction, the director now owns 250,956 shares in the company, valued at $489,364.20. This represents a 71.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 2,735,211 shares of company stock worth $6,371,366 over the last 90 days. Corporate insiders own 34.42% of the company's stock.

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Hedge Funds Weigh In On ThredUp

A hedge fund recently raised its stake in ThredUp stock. Bank of America Corp DE raised its stake in ThredUp Inc. (NASDAQ:TDUP - Free Report) by 42.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,456 shares of the company's stock after acquiring an additional 23,156 shares during the period. Bank of America Corp DE owned 0.07% of ThredUp worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 89.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TDUP shares. Telsey Advisory Group reiterated an "outperform" rating and set a $3.00 target price on shares of ThredUp in a research note on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of ThredUp in a research note on Tuesday.

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.