ThredUp (NASDAQ:TDUP) Earns “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of ThredUp (NASDAQ:TDUP) in a report published on Tuesday, Benzinga reports. Telsey Advisory Group currently has a $3.00 price objective on the stock.

TDUP has been the topic of several other research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a research report on Wednesday, October 23rd. 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.33.

ThredUp Stock Down 10.3 %

NASDAQ:TDUP opened at $0.55 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $0.80 and a two-hundred day moving average price of $1.37. ThredUp has a 1 year low of $0.54 and a 1 year high of $3.80. The stock has a market cap of $61.00 million, a price-to-earnings ratio of -0.94 and a beta of 0.71.

ThredUp (NASDAQ:TDUP) last announced its quarterly earnings data 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). ThredUp had a negative return on equity of 63.88% and a negative net margin of 19.47%. The company had revenue of $79.76 million for the quarter, compared to the consensus estimate of $82.58 million. During the same quarter in the prior year, the company earned ($0.18) EPS. As a group, equities analysts expect that ThredUp will post -0.55 earnings per share for the current year.

Insider Activity at ThredUp

In other news, Director Noam Paransky acquired 40,008 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of $0.81 per share, with a total value of $32,406.48. Following the completion of the purchase, the director now directly owns 586,452 shares of the company’s stock, valued at $475,026.12. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other ThredUp news, Director Noam Paransky bought 40,008 shares of ThredUp stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of $0.81 per share, with a total value of $32,406.48. Following the acquisition, the director now owns 586,452 shares in the company, valued at $475,026.12. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noam Paranksy acquired 90,000 shares of ThredUp stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost of $0.80 per share, for a total transaction of $72,000.00. Following the completion of the purchase, the director now directly owns 246,444 shares of the company’s stock, valued at $197,155.20. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 385,008 shares of company stock valued at $308,906 over the last quarter. 34.42% of the stock is owned by corporate insiders.

Institutional Trading of ThredUp

Hedge funds have recently added to or reduced their stakes in the stock. Blair William & Co. IL increased its holdings in shares of ThredUp by 285.0% during the second quarter. Blair William & Co. IL now owns 911,652 shares of the company’s stock worth $1,550,000 after buying an additional 674,852 shares in the last quarter. BloombergSen Inc. acquired a new position in shares of ThredUp during the second quarter worth $131,000. SG Americas Securities LLC raised its position in ThredUp by 84.8% during the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock worth $29,000 after purchasing an additional 15,850 shares during the last quarter. PEAK6 Investments LLC acquired a new position in ThredUp during the 1st quarter worth about $328,000. Finally, Sei Investments Co. bought a new stake in shares of ThredUp in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

ThredUp Company Profile

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.