ThredUp Inc. (NASDAQ:TDUP) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of ThredUp Inc. (NASDAQ:TDUP) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $6.55.

Several equities analysts have recently issued reports on the company. Telsey Advisory Group decreased their price objective on ThredUp from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ThredUp in a report on Monday, September 21st. Finally, Roth Capital reiterated a “buy” rating and issued a $6.50 price objective on shares of ThredUp in a research report on Thursday, August 6th.

ThredUp Trading Down 4.8%

Shares of ThredUp stock opened at $2.20 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a fifty day moving average price of $2.60 and a 200 day moving average price of $4.22. ThredUp has a 1 year low of $2.09 and a 1 year high of $10.00. The stock has a market cap of $288.93 million, a PE ratio of -12.94 and a beta of 2.11.

ThredUp (NASDAQ:TDUP) last posted its earnings results on Wednesday, August 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The business had revenue of $90.77 million for the quarter, compared to analyst estimates of $90.34 million. ThredUp had a negative net margin of 6.65% and a negative return on equity of 37.30%. Equities research analysts predict that ThredUp will post -0.17 earnings per share for the current year.

Insider Transactions at ThredUp

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

Institutional Trading of ThredUp

Institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc raised its stake in shares of ThredUp by 634.8% during the 2nd quarter. IFP Advisors Inc now owns 7,039 shares of the company’s stock worth $48,000 after buying an additional 6,081 shares during the period. HB Wealth Management LLC purchased a new position in shares of ThredUp during the 2nd quarter valued at approximately $71,000. R Squared Ltd acquired a new stake in ThredUp in the 1st quarter valued at $34,000. Alpine Global Management LLC acquired a new stake in ThredUp in the 4th quarter valued at $74,000. Finally, Abel Hall LLC acquired a new stake in ThredUp in the 1st quarter valued at $39,000. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

ThredUp Company Profile

ThredUp Inc operates an online resale platform focused on secondhand apparel. Through its marketplace, the company offers pre-owned women’s and children’s clothing, shoes, accessories and other fashion items from a range of brands. ThredUp manages much of the resale process, including item intake, inspection, pricing, photography, listing, order fulfillment and returns.

The company serves individual consumers who want to buy or resell used clothing and also works with brands and retailers through resale and “Resale-as-a-Service” programs.