ThredUp's (TDUP) "Hold" Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of ThredUp (NASDAQ:TDUP - Free Report) in a research note published on Tuesday morning,Benzinga reports.

Separately, Telsey Advisory Group reissued an "outperform" rating and issued a $3.00 price objective on shares of ThredUp in a research report on Monday, February 24th.

ThredUp Trading Up 1.3 %

TDUP traded up $0.03 on Tuesday, reaching $2.36. 754,234 shares of the company's stock were exchanged, compared to its average volume of 1,109,471. ThredUp has a twelve month low of $0.50 and a twelve month high of $2.99. The company's 50 day moving average is $2.16 and its 200-day moving average is $1.42. 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 cap of $268.47 million, a price-to-earnings ratio of -3.69 and a beta of 1.73.

Insider Buying and Selling

In other ThredUp news, Director Patricia Nakache sold 60,274 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $2.71, for a total value of $163,342.54. Following the completion of the sale, the director now owns 250,956 shares of the company's stock, valued at $680,090.76. This trade represents a 19.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 2,735,211 shares of company stock valued at $6,371,366. Corporate insiders own 34.42% of the company's stock.

Remove Ads

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TDUP. ProShare Advisors LLC grew its holdings in ThredUp by 49.0% during the 4th 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 in the last quarter. Virtu Financial LLC acquired a new position in ThredUp in the 4th quarter worth $33,000. Cubist Systematic Strategies LLC purchased a new position in ThredUp in the 4th quarter valued at about $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ThredUp by 9.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company's stock valued at $63,000 after acquiring an additional 3,908 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of ThredUp during the fourth quarter worth about $64,000. 89.08% of the stock is 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.