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

ThredUp (NASDAQ:TDUP - Get Free Report) posted its 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 firm had revenue of $67.27 million for 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 Performance

TDUP stock traded down $0.11 during mid-day trading on Thursday, reaching $2.33. 981,321 shares of the stock traded hands, compared to its average volume of 1,117,733. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. ThredUp has a 52 week low of $0.50 and a 52 week high of $2.99. The business has a 50-day moving average of $2.16 and a two-hundred day moving average of $1.42. The firm has a market capitalization of $265.06 million, a PE ratio of -3.64 and a beta of 1.73.

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 dated Tuesday, January 14th. The shares were sold at an average price of $1.95, for a total transaction of $1,219,721.10. Following the completion of the sale, the director now directly 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 Securities & Exchange Commission, which is available at the SEC website. Insiders sold 2,735,211 shares of company stock worth $6,371,366 over the last ninety days. Company insiders own 34.42% of the company's stock.

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Institutional Investors Weigh In On ThredUp

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

Analysts Set New Price Targets

TDUP has been the topic of several analyst reports. Telsey Advisory Group reissued an "outperform" rating and set a $3.00 target price on shares of ThredUp in a research report on Tuesday. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a research report 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.