Wells Fargo & Company Cuts ThredUp (NASDAQ:TDUP) Price Target to $10.00

ThredUp (NASDAQ:TDUP) had its price target cut by Wells Fargo & Company from $13.00 to $10.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently commented on the company. Telsey Advisory Group decreased their target price on ThredUp from $12.00 to $9.00 and set an “outperform” rating for the company in a report on Tuesday. Wall Street Zen cut shares of ThredUp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ThredUp in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.00.

ThredUp Trading Down 6.5%

NASDAQ:TDUP opened at $3.74 on Tuesday. The company has a market capitalization of $468.02 million, a P/E ratio of -24.93 and a beta of 1.72. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. ThredUp has a 12 month low of $2.14 and a 12 month high of $12.28. The firm has a fifty day simple moving average of $5.25 and a 200-day simple moving average of $7.70.

ThredUp (NASDAQ:TDUP) last released its earnings results on Monday, March 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). ThredUp had a negative return on equity of 34.48% and a negative net margin of 6.50%.The firm had revenue of $79.70 million for the quarter, compared to the consensus estimate of $77.17 million. On average, equities research analysts anticipate that ThredUp will post -0.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Sean Sobers sold 56,504 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $3.82, for a total value of $215,845.28. Following the completion of the transaction, the chief financial officer owned 555,254 shares of the company’s stock, valued at approximately $2,121,070.28. This represents a 9.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Christopher Homer sold 69,741 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $3.82, for a total value of $266,410.62. Following the transaction, the chief operating officer owned 1,274,906 shares in the company, 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. 27.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TDUP. Raymond James Financial Inc. purchased a new stake in ThredUp in the 2nd quarter worth $32,000. Quarry LP acquired a new stake in shares of ThredUp in the third quarter valued at about $37,000. Meeder Asset Management Inc. increased its stake in shares of ThredUp by 552.9% during the fourth quarter. Meeder Asset Management Inc. now owns 6,405 shares of the company’s stock worth $41,000 after purchasing an additional 5,424 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of ThredUp during the 3rd quarter worth about $55,000. Finally, Ameritas Investment Partners Inc. lifted its stake in ThredUp by 32.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,290 shares of the company’s stock valued at $70,000 after buying an additional 2,287 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Key ThredUp News

Here are the key news stories impacting ThredUp this week:

• Positive Sentiment: Q4 results showed revenue up ~18% YoY, a modest beat to consensus; active buyers hit a record 1.65M and full‑year free cash flow turned positive — fundamentals that support recovery and long‑term upside. Read More.
• Positive Sentiment: Management reiterated growth targets and provided FY‑2026 revenue guidance above consensus and a 13% growth target for 2026; management also highlighted improvements in premium supply and AI‑driven personalization to lift unit economics. Read More.
• Neutral Sentiment: Wall‑street coverage is active: TDUP is being featured on analyst “top picks” and penny‑stock lists, keeping the story visible to investors but producing mixed signals about timing and valuation. Read More. Read More.
• Neutral Sentiment: Analysts trimmed price targets but mostly maintained positive ratings — for example, Wells Fargo cut its PT and Telsey lowered its target while keeping favorable ratings; this narrows perceived upside even though the analyst stance remains constructive. Read More. Read More.
• Negative Sentiment: Market reaction: despite the revenue beat, the stock fell on the print — likely reflecting profit‑taking, valuation concerns and the impact of lower analyst targets. Read More.
• Negative Sentiment: Insider selling: filings show sizable insider sales (CFO and COO sold material blocks recently), which can amplify negative sentiment and signal reduced near‑term insider conviction. Read More.

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.