ThredUp Inc. (NASDAQ:TDUP) Receives Consensus Rating of “Moderate Buy” from Brokerages

ThredUp Inc. (NASDAQ:TDUP) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $9.14.

A number of equities analysts recently issued reports on TDUP shares. Wells Fargo & Company cut their target price on ThredUp from $10.00 to $8.00 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. TD Cowen raised their target price on ThredUp from $5.00 to $5.70 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Telsey Advisory Group lowered their price objective on ThredUp from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a research note on Friday, March 27th.

ThredUp Price Performance

ThredUp stock opened at $4.10 on Monday. The stock has a market capitalization of $529.07 million, a price-to-earnings ratio of -25.63 and a beta of 2.07. ThredUp has a 52-week low of $3.08 and a 52-week high of $12.28. The stock’s 50 day moving average price is $3.90 and its two-hundred day moving average price is $5.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 0.95.

ThredUp (NASDAQ:TDUP) last issued its earnings results on Monday, May 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $80.17 million. On average, equities analysts predict that ThredUp will post -0.09 earnings per share for the current year.

Insider Buying and Selling at ThredUp

In other news, 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 transaction of $266,410.62. Following the completion of the transaction, the chief operating officer owned 1,274,906 shares of the company’s stock, valued at approximately $4,870,140.92. The trade was a 5.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sean Sobers sold 56,504 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 $215,845.28. Following the transaction, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TDUP. Raymond James Financial Inc. bought a new stake in ThredUp in the 2nd quarter worth approximately $32,000. R Squared Ltd bought a new stake in ThredUp in the first quarter valued at approximately $34,000. Quarry LP bought a new stake in ThredUp in the third quarter valued at approximately $37,000. Abel Hall LLC bought a new position in shares of ThredUp during the first quarter valued at approximately $39,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of ThredUp by 552.9% during the fourth quarter. Meeder Asset Management Inc. now owns 6,405 shares of the company’s stock valued at $41,000 after acquiring an additional 5,424 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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.