ThredUp Inc. (NASDAQ:TDUP - Get Free Report) saw some unusual options trading on Friday. Investors acquired 5,250 put options on the stock. This represents an increase of 1,293% compared to the typical volume of 377 put options.
ThredUp Price Performance
NASDAQ:TDUP traded up $0.03 during trading hours on Tuesday, reaching $2.44. 434,780 shares of the company's stock were exchanged, compared to its average volume of 775,213. 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 12 month low of $0.50 and a 12 month high of $2.99. The company has a market capitalization of $283.40 million, a P/E ratio of -3.82 and a beta of 1.73. The business's 50-day simple moving average is $2.45 and its two-hundred day simple moving average is $1.63.
Insider Activity
In other 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 value of $1,219,721.10. Following the sale, the director now owns 250,956 shares in the company, valued at approximately $489,364.20. This represents a 71.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 2,833,612 shares of company stock worth $6,633,229 over the last ninety days. Corporate insiders own 34.42% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in TDUP. ProShare Advisors LLC grew its holdings in shares of 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 acquiring an additional 7,287 shares in the last quarter. Virtu Financial LLC acquired a new stake in ThredUp in the 4th quarter valued at approximately $33,000. Cubist Systematic Strategies LLC bought a new position in ThredUp during the fourth quarter worth $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of ThredUp by 9.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company's stock worth $63,000 after purchasing an additional 3,908 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new position in ThredUp during the fourth quarter valued at about $64,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Telsey Advisory Group reissued an "outperform" rating and set a $3.00 price target on shares of ThredUp in a research report on Tuesday, March 4th. Needham & Company LLC reiterated a "hold" rating on shares of ThredUp in a research report on Tuesday, March 4th.
Read Our Latest Analysis on ThredUp
About ThredUp
(
Get Free Report)
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.
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