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

Vanguard Group Inc. lifted its position in ThredUp Inc. (NASDAQ:TDUP) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,530,479 shares of the company’s stock after acquiring an additional 616,052 shares during the quarter. Vanguard Group Inc. owned 6.02% of ThredUp worth $48,120,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its stake in ThredUp by 263.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,056,345 shares of the company’s stock valued at $19,432,000 after acquiring an additional 1,491,020 shares during the period. Invesco Ltd. boosted its stake in ThredUp by 3,682.1% during the 2nd quarter. Invesco Ltd. now owns 1,135,351 shares of the company’s stock valued at $8,504,000 after purchasing an additional 1,105,332 shares during the period. Divisadero Street Capital Management LP acquired a new stake in ThredUp in the 3rd quarter valued at approximately $9,396,000. Landscape Capital Management L.L.C. acquired a new stake in ThredUp in the 3rd quarter valued at approximately $7,389,000. Finally, JPMorgan Chase & Co. increased its position in ThredUp by 919.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 785,155 shares of the company’s stock valued at $5,881,000 after acquiring an additional 708,169 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

ThredUp Stock Performance

Shares of TDUP opened at $4.10 on Friday. The firm’s 50 day moving average is $3.90 and its 200-day moving average is $5.57. The stock has a market capitalization of $529.06 million, a P/E ratio of -25.63 and a beta of 2.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.95 and a quick ratio of 0.95. ThredUp Inc. has a 12-month low of $3.08 and a 12-month high of $12.28.

ThredUp (NASDAQ:TDUP) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). ThredUp had a negative return on equity of 36.11% and a negative net margin of 6.68%.The company had revenue of $81.67 million during the quarter, compared to the consensus estimate of $80.17 million. Equities research analysts anticipate that ThredUp Inc. will post -0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on TDUP shares. Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a research report on Friday, March 27th. TD Cowen upped their price objective on shares of ThredUp from $5.00 to $5.70 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Wells Fargo & Company reduced their price objective on shares of ThredUp from $10.00 to $8.00 and set an “overweight” rating for the company in a report on Tuesday, May 5th. Finally, Telsey Advisory Group reduced their price objective on shares of ThredUp from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, ThredUp currently has an average rating of “Moderate Buy” and a consensus price target of $9.14.

Insider Activity

In related news, Director Patricia Nakache acquired 13,157 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $3.73 per share, for a total transaction of $49,075.61. Following the transaction, the director owned 14,017 shares of the company’s stock, valued at approximately $52,283.41. The trade was a 1,529.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Christopher Homer sold 69,741 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $3.82, for a total value of $266,410.62. Following the sale, the chief operating officer owned 1,274,906 shares in the company, valued at approximately $4,870,140.92. The trade was a 5.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 23.10% of the company’s stock.

ThredUp 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.