Los Angeles Capital Management LLC Acquires New Shares in ThredUp Inc. $TDUP

Los Angeles Capital Management LLC acquired a new position in shares of ThredUp Inc. (NASDAQ:TDUP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 113,210 shares of the company’s stock, valued at approximately $848,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of ThredUp by 42.6% in the fourth quarter. Bank of America Corp DE now owns 77,456 shares of the company’s stock worth $108,000 after acquiring an additional 23,156 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of ThredUp by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 188,338 shares of the company’s stock valued at $454,000 after purchasing an additional 9,254 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of ThredUp in the 1st quarter valued at approximately $25,000. BloombergSen Inc. increased its stake in ThredUp by 98.5% during the 1st quarter. BloombergSen Inc. now owns 1,269,649 shares of the company’s stock worth $3,060,000 after purchasing an additional 630,101 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in ThredUp by 15.9% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 23,914 shares of the company’s stock worth $58,000 after buying an additional 3,285 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other ThredUp news, Director Coretha M. Rushing sold 105,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $10.82, for a total transaction of $1,136,100.00. Following the transaction, the director owned 148,197 shares of the company’s stock, valued at $1,603,491.54. The trade was a 41.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel J. Nova acquired 65,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were bought at an average price of $8.04 per share, for a total transaction of $522,600.00. Following the purchase, the director owned 368,930 shares in the company, valued at approximately $2,966,197.20. This represents a 21.39% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 27.00% of the company’s stock.

ThredUp Stock Performance

Shares of TDUP opened at $7.47 on Friday. The stock has a market capitalization of $934.81 million, a price-to-earnings ratio of -24.90 and a beta of 1.70. ThredUp Inc. has a 12 month low of $0.86 and a 12 month high of $12.28. The firm has a fifty day simple moving average of $9.29 and a 200 day simple moving average of $8.51. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.26.

ThredUp (NASDAQ:TDUP) last issued its quarterly earnings results on Monday, November 3rd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. ThredUp had a negative net margin of 12.18% and a negative return on equity of 39.20%. The firm had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $77.34 million. ThredUp has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts forecast that ThredUp Inc. will post -0.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on TDUP. Roth Capital initiated coverage on shares of ThredUp in a report on Wednesday, October 29th. They issued a “buy” rating and a $11.00 price target for the company. Wall Street Zen raised shares of ThredUp from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $12.00 target price on shares of ThredUp in a report on Tuesday, November 4th. Northland Capmk raised ThredUp to a “strong-buy” rating in a research note on Monday, July 21st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ThredUp in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ThredUp has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

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.