ThredUp Inc. $TDUP Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in ThredUp Inc. (NASDAQ:TDUP) by 6.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,914,427 shares of the company’s stock after buying an additional 398,865 shares during the quarter. Vanguard Group Inc. owned about 0.06% of ThredUp worth $65,341,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake 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. Cubist Systematic Strategies LLC raised its holdings in ThredUp by 7.6% in the first quarter. Cubist Systematic Strategies LLC now owns 37,516 shares of the company’s stock valued at $90,000 after acquiring an additional 2,659 shares in the last quarter. AQR Capital Management LLC boosted its stake in ThredUp by 185.9% during the 1st quarter. AQR Capital Management LLC now owns 94,652 shares of the company’s stock valued at $228,000 after acquiring an additional 61,547 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in ThredUp by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,705 shares of the company’s stock worth $115,000 after acquiring an additional 2,034 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of ThredUp by 39.2% in the 1st quarter. Jane Street Group LLC now owns 92,376 shares of the company’s stock worth $223,000 after purchasing an additional 25,995 shares during the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ThredUp news, CFO Sean Sobers sold 56,504 shares of ThredUp stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $3.82, for a total transaction of $215,845.28. Following the transaction, the chief financial officer owned 555,254 shares of the company’s stock, valued at $2,121,070.28. The trade was a 9.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Christopher Homer sold 69,741 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $3.82, for a total transaction of $266,410.62. Following the completion of the transaction, the chief operating officer directly owned 1,274,906 shares in the company, valued at $4,870,140.92. This trade represents a 5.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 27.00% of the stock is owned by corporate insiders.

ThredUp Price Performance

Shares of NASDAQ:TDUP opened at $3.65 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 0.91. The company has a market capitalization of $456.76 million, a PE ratio of -24.33 and a beta of 1.72. The stock has a fifty day moving average of $5.20 and a 200-day moving average of $7.66. ThredUp Inc. has a one year low of $2.14 and a one year high of $12.28.

ThredUp (NASDAQ:TDUP) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). ThredUp had a negative return on equity of 34.48% and a negative net margin of 6.50%.The firm had revenue of $79.70 million for the quarter, compared to the consensus estimate of $77.17 million. As a group, equities analysts anticipate that ThredUp Inc. will post -0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TDUP has been the subject of a number of research reports. Telsey Advisory Group decreased their price objective on shares of ThredUp from $12.00 to $9.00 and set an “outperform” rating for the company in a report on Tuesday. Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a research report on Monday, December 29th. Wall Street Zen cut ThredUp from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Wells Fargo & Company decreased their price objective on ThredUp from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.00.

About ThredUp

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.