Analysts Set ThredUp Inc. (NASDAQ:TDUP) PT at $9.14

Shares of ThredUp Inc. (NASDAQ:TDUP) have received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $9.14.

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

ThredUp Price Performance

Shares of NASDAQ TDUP opened at $5.29 on Friday. ThredUp has a fifty-two week low of $3.08 and a fifty-two week high of $12.28. The business has a 50 day moving average price of $4.43 and a two-hundred day moving average price of $5.05. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.30. The firm has a market cap of $682.62 million, a PE ratio of -33.06 and a beta of 2.07.

ThredUp (NASDAQ:TDUP) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.05) earnings per share for the quarter, meeting 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 firm had revenue of $81.67 million during the quarter, compared to analyst estimates of $80.17 million. Sell-side analysts expect that ThredUp will post -0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ThredUp news, COO Christopher Homer sold 61,578 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total transaction of $272,790.54. Following the transaction, the chief operating officer owned 1,301,843 shares of the company’s stock, valued at $5,767,164.49. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sean Sobers sold 45,554 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total value of $201,804.22. Following the transaction, the chief financial officer directly owned 572,523 shares in the company, valued at approximately $2,536,276.89. This represents a 7.37% 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. Company insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of ThredUp by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 7,530,479 shares of the company’s stock worth $48,120,000 after purchasing an additional 616,052 shares during the last quarter. Needham Investment Management LLC raised its stake in ThredUp by 7.0% during the 4th quarter. Needham Investment Management LLC now owns 6,075,000 shares of the company’s stock valued at $38,819,000 after acquiring an additional 400,000 shares in the last quarter. Marshall Wace LLP raised its stake in ThredUp by 11.8% during the 4th quarter. Marshall Wace LLP now owns 4,825,251 shares of the company’s stock valued at $30,833,000 after acquiring an additional 509,195 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 in the last quarter. Finally, State Street Corp raised its stake in ThredUp by 26.2% during the 4th quarter. State Street Corp now owns 2,886,417 shares of the company’s stock valued at $18,444,000 after acquiring an additional 598,793 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

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.