Shares of ThredUp Inc. (NASDAQ:TDUP – Get Free Report) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $3.33.
TDUP has been the subject of several research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $3.00 target price on shares of ThredUp in a research note on Tuesday, August 6th. Wells Fargo & Company decreased their price objective on ThredUp from $5.00 to $3.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research note on Wednesday.
Check Out Our Latest Stock Analysis on TDUP
Insider Activity at ThredUp
Hedge Funds Weigh In On ThredUp
Institutional investors have recently bought and sold shares of the business. Sei Investments Co. acquired a new stake in shares of ThredUp in the second quarter valued at $37,000. Price T Rowe Associates Inc. MD raised its stake in shares of ThredUp by 33.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company’s stock worth $45,000 after acquiring an additional 5,635 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of ThredUp during the second quarter worth approximately $43,000. Diversified Trust Co increased its holdings in shares of ThredUp by 117.3% in the second quarter. Diversified Trust Co now owns 28,111 shares of the company’s stock valued at $48,000 after purchasing an additional 15,175 shares in the last quarter. Finally, Creekside Partners bought a new position in ThredUp in the 2nd quarter worth approximately $51,000. Institutional investors own 89.08% of the company’s stock.
ThredUp Stock Performance
TDUP opened at $0.66 on Friday. ThredUp has a 12-month low of $0.61 and a 12-month high of $3.80. The firm has a market capitalization of $72.58 million, a P/E ratio of -1.03 and a beta of 0.71. The stock’s 50 day moving average price is $0.82 and its two-hundred day moving average price is $1.41. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.23.
ThredUp (NASDAQ:TDUP – Get Free Report) last announced its earnings results on Monday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The company had revenue of $79.76 million for the quarter, compared to the consensus estimate of $82.58 million. ThredUp had a negative return on equity of 63.88% and a negative net margin of 19.47%. During the same period last year, the firm posted ($0.18) EPS. On average, equities analysts forecast that ThredUp will post -0.55 earnings per share for the current year.
About ThredUp
ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.
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