Telsey Advisory Group Lowers ThredUp (NASDAQ:TDUP) Price Target to $6.00

ThredUp (NASDAQ:TDUP) had its target price lowered by analysts at Telsey Advisory Group from $7.00 to $6.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Telsey Advisory Group’s price target indicates a potential upside of 86.92% from the stock’s previous close.

TDUP has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ThredUp in a research report on Wednesday, June 24th. Roth Capital reiterated a “buy” rating and issued a $6.50 price target on shares of ThredUp in a research note on Thursday. Wells Fargo & Company reduced their price target on ThredUp from $10.00 to $8.00 and set an “overweight” rating for the company in a report on Tuesday, May 5th. Finally, TD Cowen lifted their price objective on ThredUp from $5.00 to $5.70 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6.55.

ThredUp Stock Up 3.2%

TDUP opened at $3.21 on Thursday. The company has a market cap of $414.22 million, a PE ratio of -18.88 and a beta of 2.01. 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 has a 1 year low of $3.04 and a 1 year high of $12.28. The firm has a 50 day moving average price of $5.87 and a 200 day moving average price of $4.86.

ThredUp (NASDAQ:TDUP) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $90.77 million during the quarter, compared to analyst estimates of $90.34 million. ThredUp had a negative return on equity of 37.54% and a negative net margin of 6.65%. Sell-side analysts expect that ThredUp will post -0.09 earnings per share for the current year.

Insider Activity

In related news, COO Christopher Homer sold 61,578 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $4.43, for a total transaction of $272,790.54. Following the sale, the chief operating officer owned 1,301,843 shares in the company, valued at $5,767,164.49. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 company’s stock in a transaction 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 owned 572,523 shares of the company’s stock, valued at approximately $2,536,276.89. The trade was a 7.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 23.10% of the company’s stock.

Institutional Investors Weigh In On ThredUp

A number of institutional investors have recently added to or reduced their stakes in the company. CI Investments Inc. acquired a new stake in ThredUp during the 1st quarter valued at $5,937,000. Woodson Capital Management LP purchased a new stake in shares of ThredUp in the fourth quarter worth approximately $11,502,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of ThredUp by 263.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,056,345 shares of the company’s stock worth $19,432,000 after purchasing an additional 1,491,020 shares during the period. Invesco Ltd. boosted its holdings in shares of ThredUp by 3,682.1% during the second quarter. Invesco Ltd. now owns 1,135,351 shares of the company’s stock worth $8,504,000 after purchasing an additional 1,105,332 shares during the period. Finally, Zweig DiMenna Associates LLC grew its position in ThredUp by 170.1% during the first quarter. Zweig DiMenna Associates LLC now owns 1,454,500 shares of the company’s stock valued at $4,771,000 after purchasing an additional 916,000 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

More ThredUp News

Here are the key news stories impacting ThredUp this week:

• Positive Sentiment: Second-quarter revenue increased 17% year over year to $90.8 million, slightly exceeding analyst expectations of $90.3 million. Management is adjusting its marketing strategy to navigate uneven consumer spending. ThredUp Navigates K-Shaped Economy as Revenues Climb 17%
• Positive Sentiment: Telsey Advisory Group maintained an “outperform” rating and set a $6 price target, despite lowering it from $7. The target implies substantial potential upside if ThredUp’s growth and profitability improve. Benzinga analyst update
• Neutral Sentiment: Analyst opinion remains relatively favorable, with ThredUp receiving a consensus “Moderate Buy” rating. However, Northland Securities expects the company to remain slightly unprofitable in the fourth quarter of 2027, underscoring continued uncertainty around the timing of sustained earnings.
• Negative Sentiment: ThredUp reported a second-quarter loss of $0.05 per share, worse than the expected $0.03 loss. The result highlighted ongoing profitability challenges, including a negative net margin and negative return on equity. ThredUp earnings report
• Negative Sentiment: Management reduced full-year 2026 revenue guidance to $344.4 million–$348.4 million from an analyst consensus of $354.8 million, while third-quarter revenue guidance of $87 million–$89 million also fell below expectations of $93 million. The company cited weaker demand from consumers earning less than $60,000, a still-material customer segment.
• Negative Sentiment: A Seeking Alpha analysis assigned TDUP a “sell” rating, arguing that the larger-than-expected loss, weaker outlook and uncertain profitability timeline could lead to further downside. ThredUp Collapses On Q2 Report, Shares Have Further To Fall

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.