ThredUp (TDUP) to Release Earnings on Monday

ThredUp (NASDAQ:TDUP - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Monday, March 3rd. Analysts expect ThredUp to post earnings of ($0.13) per share and revenue of $68.95 million for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

ThredUp Stock Performance

Shares of TDUP stock remained flat at $2.56 on Monday. 425,162 shares of the stock were exchanged, compared to its average volume of 1,213,968. ThredUp has a twelve month low of $0.50 and a twelve month high of $2.99. 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 firm has a 50-day moving average of $1.99 and a 200-day moving average of $1.32. The company has a market cap of $291.23 million, a P/E ratio of -4.00 and a beta of 1.75.

Insiders Place Their Bets

In other news, Director Patricia Nakache sold 54,801 shares of ThredUp stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $1.78, for a total transaction of $97,545.78. Following the transaction, the director now owns 247 shares in the company, valued at $439.66. The trade was a 99.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Nova acquired 24,897 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of $1.47 per share, with a total value of $36,598.59. Following the acquisition, the director now directly owns 303,930 shares of the company's stock, valued at $446,777.10. This trade represents a 8.92 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 2,794,812 shares of company stock valued at $6,477,408. Insiders own 34.42% of the company's stock.

Institutional Trading of ThredUp

An institutional investor recently raised its position in ThredUp stock. Bank of America Corp DE boosted its holdings in shares of 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 Securities & Exchange Commission. The fund owned 77,456 shares of the company's stock after acquiring an additional 23,156 shares during the quarter. Bank of America Corp DE owned about 0.07% of ThredUp worth $108,000 at the end of the most recent quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TDUP. Needham & Company LLC reaffirmed a "hold" rating on shares of ThredUp in a research note on Friday, February 14th. Telsey Advisory Group restated an "outperform" rating and set a $3.00 price target on shares of ThredUp in a research report on Monday.

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.