ThredUp Inc. (NASDAQ:TDUP) Director Sells $209,973.94 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 109,934 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $1.91, for a total value of $209,973.94. Following the transaction, the director now owns 240,438 shares in the company, valued at approximately $459,236.58. The sale was disclosed in a document filed with the SEC, which is available through this link.

Patricia Nakache also recently made the following trade(s):

• On Friday, May 3rd, Patricia Nakache sold 300 shares of ThredUp stock. The stock was sold at an average price of $1.80, for a total transaction of $540.00.

ThredUp Stock Performance

TDUP opened at $2.01 on Friday. ThredUp Inc. has a twelve month low of $1.52 and a twelve month high of $4.39. The firm has a market capitalization of $218.75 million, a PE ratio of -2.96 and a beta of 0.71. The company has a current ratio of 1.22, a quick ratio of 1.02 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $1.82 and its 200 day moving average price is $2.10.

ThredUp (NASDAQ:TDUP) last released its earnings results on Monday, March 4th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The business had revenue of $81.39 million during the quarter, compared to analysts’ expectations of $80.30 million. ThredUp had a negative return on equity of 61.27% and a negative net margin of 22.12%. During the same period last year, the business earned ($0.19) earnings per share. As a group, sell-side analysts expect that ThredUp Inc. will post -0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On ThredUp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDUP. SG Americas Securities LLC increased its stake in shares of ThredUp by 29.4% in the 4th quarter. SG Americas Securities LLC now owns 35,211 shares of the company’s stock worth $79,000 after acquiring an additional 7,997 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new stake in ThredUp during the third quarter worth about $41,000. Blair William & Co. IL acquired a new stake in ThredUp during the third quarter worth about $48,000. Tower Research Capital LLC TRC raised its stake in ThredUp by 445.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 16,376 shares of the company’s stock worth $37,000 after purchasing an additional 13,372 shares during the period. Finally, Ieq Capital LLC boosted its holdings in ThredUp by 35.7% in the 4th quarter. Ieq Capital LLC now owns 54,408 shares of the company’s stock valued at $122,000 after purchasing an additional 14,326 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TDUP. Telsey Advisory Group dropped their target price on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research report on Tuesday. The Goldman Sachs Group decreased their price target on shares of ThredUp from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Thursday, January 11th. Wedbush cut their price objective on ThredUp from $4.00 to $3.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $5.00 target price on shares of ThredUp in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, ThredUp presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.33.

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.