ThredUp Inc. (NASDAQ:TDUP) Receives $9.14 Consensus Price Target from Analysts

Shares of ThredUp Inc. (NASDAQ:TDUP) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $9.14.

Several research analysts recently weighed in on the company. Telsey Advisory Group decreased their target price on ThredUp from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Wells Fargo & Company decreased their target price on ThredUp from $10.00 to $8.00 and set an “overweight” rating for the company in a research note 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 note on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ThredUp in a research note on Friday, March 27th.

Insider Activity at ThredUp

In other news, Director Patricia Nakache bought 13,157 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $3.73 per share, with a total value of $49,075.61. Following the completion of the purchase, the director directly owned 14,017 shares of the company’s stock, valued at $52,283.41. This represents a 1,529.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Christopher Homer sold 69,741 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $3.82, for a total value of $266,410.62. Following the transaction, the chief operating officer directly owned 1,274,906 shares of the company’s stock, valued at $4,870,140.92. This represents a 5.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 23.10% of the company’s stock.

Hedge Funds Weigh In On ThredUp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of ThredUp in the 2nd quarter valued at $32,000. R Squared Ltd acquired a new position in shares of ThredUp in the 1st quarter valued at $34,000. Quarry LP acquired a new position in shares of ThredUp in the 3rd quarter valued at $37,000. Abel Hall LLC acquired a new position in shares of ThredUp in the 1st quarter valued at $39,000. Finally, Meeder Asset Management Inc. boosted its position in shares of ThredUp by 552.9% in the 4th quarter. Meeder Asset Management Inc. now owns 6,405 shares of the company’s stock valued at $41,000 after purchasing an additional 5,424 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

ThredUp Price Performance

Shares of NASDAQ TDUP opened at $4.29 on Monday. ThredUp has a 1-year low of $3.08 and a 1-year high of $12.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.95 and a quick ratio of 0.95. The business’s fifty day moving average price is $3.95 and its two-hundred day moving average price is $5.41. The firm has a market capitalization of $553.58 million, a PE ratio of -26.81 and a beta of 2.07.

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

About ThredUp

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.