ThredUp (NASDAQ:TDUP) Earns “Outperform” Rating from Telsey Advisory Group

ThredUp (NASDAQ:TDUP)‘s stock had its “outperform” rating reaffirmed by investment analysts at Telsey Advisory Group in a report issued on Wednesday, Benzinga reports. They currently have a $4.00 price objective on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 150.00% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and set a $5.00 price target on shares of ThredUp in a report on Tuesday, March 5th. The Goldman Sachs Group dropped their target price on ThredUp from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Thursday, January 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $4.00 target price on shares of ThredUp in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.67.

ThredUp Stock Performance

NASDAQ:TDUP opened at $1.60 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.02 and a debt-to-equity ratio of 0.21. ThredUp has a 12-month low of $1.52 and a 12-month high of $4.39. The stock has a 50-day moving average price of $1.84 and a 200 day moving average price of $2.14. The stock has a market capitalization of $174.13 million, a P/E ratio of -2.35 and a beta of 0.64.

ThredUp (NASDAQ:TDUP) last released its earnings results on Monday, March 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). ThredUp had a negative return on equity of 61.27% and a negative net margin of 22.12%. The business had revenue of $81.39 million for the quarter, compared to analysts’ expectations of $80.30 million. During the same quarter in the prior year, the business posted ($0.19) EPS. Equities research analysts forecast that ThredUp will post -0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On ThredUp

A number of institutional investors and hedge funds have recently bought and sold shares of TDUP. FMR LLC increased its holdings in shares of ThredUp by 28.5% in the 3rd quarter. FMR LLC now owns 6,113,152 shares of the company’s stock valued at $24,514,000 after acquiring an additional 1,355,607 shares during the period. Bourgeon Capital Management LLC purchased a new position in ThredUp during the 3rd quarter worth $2,783,000. EAM Investors LLC purchased a new position in ThredUp during the 3rd quarter worth $2,618,000. Kent Lake Capital LLC purchased a new position in ThredUp during the 3rd quarter worth $2,509,000. Finally, Capital World Investors grew its stake in ThredUp by 6.4% during the 4th quarter. Capital World Investors now owns 8,580,000 shares of the company’s stock worth $19,305,000 after buying an additional 516,000 shares during the last quarter. 89.08% of the stock is owned by institutional investors.

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.