ThredUp Inc. (NASDAQ:TDUP) Receives $12.50 Average Price Target from Brokerages

Shares of ThredUp Inc. (NASDAQ:TDUP) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.50.

A number of brokerages have recently issued reports on TDUP. Wall Street Zen cut ThredUp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Roth Capital initiated coverage on ThredUp in a report on Wednesday, October 29th. They set a “buy” rating and a $11.00 target price for the company. Telsey Advisory Group restated an “outperform” rating and set a $12.00 price target on shares of ThredUp in a research report on Tuesday, December 9th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ThredUp in a research report on Monday, December 29th.

Insider Activity at ThredUp

In other news, CFO Sean Sobers sold 51,220 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $7.42, for a total transaction of $380,052.40. Following the completion of the transaction, the chief financial officer directly owned 495,336 shares of the company’s stock, valued at approximately $3,675,393.12. This represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Nova bought 65,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were purchased at an average price of $8.04 per share, with a total value of $522,600.00. Following the completion of the acquisition, the director owned 368,930 shares of the company’s stock, valued at $2,966,197.20. This trade represents a 21.39% increase in their position. The SEC filing for this purchase provides additional information. 27.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. LVW Advisors LLC lifted its holdings in ThredUp by 78.7% in the 4th quarter. LVW Advisors LLC now owns 31,366 shares of the company’s stock worth $200,000 after buying an additional 13,812 shares during the period. Diversified Trust Co. lifted its stake in ThredUp by 11.7% in the fourth quarter. Diversified Trust Co. now owns 32,456 shares of the company’s stock worth $207,000 after acquiring an additional 3,403 shares during the period. Tudor Investment Corp ET AL lifted its stake in ThredUp by 42.9% in the third quarter. Tudor Investment Corp ET AL now owns 658,271 shares of the company’s stock worth $6,221,000 after acquiring an additional 197,512 shares during the period. PharVision Advisers LLC purchased a new stake in ThredUp in the third quarter worth $241,000. Finally, XTX Topco Ltd boosted its holdings in ThredUp by 294.2% in the third quarter. XTX Topco Ltd now owns 140,391 shares of the company’s stock valued at $1,327,000 after acquiring an additional 104,773 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

ThredUp Trading Down 1.8%

TDUP stock opened at $5.58 on Tuesday. The company has a market capitalization of $698.28 million, a PE ratio of -18.60 and a beta of 1.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.92 and a current ratio of 0.92. ThredUp has a one year low of $2.02 and a one year high of $12.28. The company’s 50 day moving average price is $7.06 and its two-hundred day moving average price is $8.52.

ThredUp (NASDAQ:TDUP) last released its earnings results on Monday, November 3rd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company had revenue of $82.16 million for the quarter, compared to analyst estimates of $77.34 million. ThredUp had a negative net margin of 12.18% and a negative return on equity of 39.20%. As a group, analysts predict that ThredUp will post -0.56 earnings per share for the current fiscal year.

ThredUp Company Profile

ThredUp, Inc operates an online consignment and thrift platform that enables consumers to buy and sell secondhand clothing and accessories. Through its digital marketplace, the company offers curated selections of apparel for women and children, spanning a broad range of brands and styles. Sellers can order a “Clean Out Kit” to send in items they no longer wear, while buyers benefit from discounted prices and a simplified shopping experience powered by ThredUp’s in-house authentication, quality control and logistics capabilities.

In addition to its core consumer-to-consumer marketplace, ThredUp has expanded into business-to-business services with its Resale-as-a-Service (RaaS) offering.