Northland Securities Weighs in on ThredUp FY2027 Earnings

ThredUp Inc. (NASDAQ:TDUP) – Research analysts at Northland Securities issued their FY2027 earnings per share estimates for shares of ThredUp in a research note issued to investors on Wednesday, September 30th. Northland Securities analyst B. Brooks forecasts that the company will post earnings of ($0.11) per share for the year. The consensus estimate for ThredUp’s current full-year earnings is ($0.17) per share.

ThredUp (NASDAQ:TDUP) last issued its earnings results on Wednesday, August 5th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $90.77 million for the quarter, compared to analysts’ expectations of $90.34 million. ThredUp had a negative net margin of 6.65% and a negative return on equity of 37.30%.

Several other brokerages have also recently issued reports on TDUP. Telsey Advisory Group cut their target price on shares of ThredUp from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Roth Capital reiterated a “buy” rating and set a $6.50 price target on shares of ThredUp in a report on Thursday, August 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of ThredUp in a research report on Monday, September 21st. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.55.

ThredUp Stock Performance

Shares of TDUP stock opened at $2.12 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.99 and a current ratio of 0.99. ThredUp has a fifty-two week low of $2.11 and a fifty-two week high of $10.00. The stock has a 50 day moving average price of $3.33 and a two-hundred day moving average price of $4.30. The company has a market capitalization of $278.42 million, a P/E ratio of -12.47 and a beta of 1.97.

Hedge Funds Weigh In On ThredUp

Institutional investors have recently added to or reduced their stakes in the company. Readystate Asset Management LP boosted its holdings in shares of ThredUp by 197.4% during the 2nd quarter. Readystate Asset Management LP now owns 1,508,736 shares of the company’s stock valued at $10,335,000 after buying an additional 1,001,482 shares in the last quarter. MYDA Advisors LLC bought a new position in shares of ThredUp in the 4th quarter worth about $2,173,000. Zweig DiMenna Associates LLC increased its stake in shares of ThredUp by 170.1% in the 1st quarter. Zweig DiMenna Associates LLC now owns 1,454,500 shares of the company’s stock worth $4,771,000 after acquiring an additional 916,000 shares in the last quarter. Empowered Funds LLC purchased a new position in ThredUp during the 1st quarter valued at about $1,338,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in ThredUp by 19.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,965,484 shares of the company’s stock valued at $9,727,000 after acquiring an additional 473,907 shares during the period. Institutional investors own 89.08% of the company’s stock.

Insider Buying and Selling

In other news, COO Christopher Homer sold 60,230 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $2.58, for a total value of $155,393.40. Following the completion of the sale, the chief operating officer directly owned 1,363,358 shares of the company’s stock, valued at approximately $3,517,463.64. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sean Sobers sold 44,559 shares of ThredUp stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $2.58, for a total value of $114,962.22. Following the sale, the chief financial officer directly owned 613,503 shares in the company, valued at approximately $1,582,837.74. The trade was a 6.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 23.10% of the company’s stock.

ThredUp Company Profile

ThredUp Inc operates an online resale platform for secondhand clothing, shoes and accessories. Through its marketplace, consumers can buy pre-owned merchandise and list unwanted items for resale. The company handles much of the resale process, including receiving, inspecting, photographing, pricing and fulfilling orders for eligible products.

ThredUp also provides branded resale programs for retailers and apparel companies. These services enable brands to offer customers options such as clothing resale, trade-in and take-back programs through customized digital experiences powered by ThredUp’s infrastructure.