Analysts Set ThredUp Inc. (NASDAQ:TDUP) Price Target at $12.50

Shares of ThredUp Inc. (NASDAQ:TDUP) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $12.50.

Several analysts have recently commented on TDUP shares. Telsey Advisory Group reissued an “outperform” rating and issued a $12.00 price objective on shares of ThredUp in a research note on Tuesday, December 9th. Roth Capital began coverage on ThredUp in a research note on Wednesday, October 29th. They set a “buy” rating and a $11.00 price objective on the stock. Wall Street Zen downgraded shares of ThredUp from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ThredUp in a report on Monday, December 29th.

ThredUp Stock Performance

NASDAQ TDUP opened at $5.58 on Tuesday. The company has a market cap of $698.28 million, a P/E ratio of -18.60 and a beta of 1.73. The company has a fifty day simple moving average of $7.10 and a 200 day simple moving average of $8.53. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.26. ThredUp has a 12-month low of $2.02 and a 12-month high of $12.28.

ThredUp (NASDAQ:TDUP) last released its quarterly earnings data on Monday, November 3rd. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. ThredUp had a negative net margin of 12.18% and a negative return on equity of 39.20%. The firm had revenue of $82.16 million for the quarter, compared to analyst estimates of $77.34 million. Sell-side analysts predict that ThredUp will post -0.56 earnings per share for the current fiscal year.

Insider Transactions at ThredUp

In related news, COO Christopher Homer sold 68,358 shares of ThredUp stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $7.42, for a total transaction of $507,216.36. Following the sale, the chief operating officer directly owned 1,170,567 shares in the company, valued at approximately $8,685,607.14. This trade represents a 5.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sean Sobers sold 51,220 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $7.42, for a total value of $380,052.40. Following the completion of the transaction, the chief financial officer owned 495,336 shares of the company’s stock, valued at $3,675,393.12. This trade represents a 9.37% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 27.00% of the company’s stock.

Institutional Investors Weigh In On ThredUp

Large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its holdings in ThredUp by 51.8% during the second quarter. Marshall Wace LLP now owns 4,373,596 shares of the company’s stock valued at $32,758,000 after purchasing an additional 1,492,015 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of ThredUp by 263.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,056,345 shares of the company’s stock valued at $19,432,000 after buying an additional 1,491,020 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of ThredUp by 3,625.5% during the 2nd quarter. Prudential Financial Inc. now owns 1,231,088 shares of the company’s stock valued at $9,221,000 after buying an additional 1,198,043 shares in the last quarter. Invesco Ltd. boosted its holdings in ThredUp by 3,682.1% in the 2nd quarter. Invesco Ltd. now owns 1,135,351 shares of the company’s stock worth $8,504,000 after buying an additional 1,105,332 shares during the period. Finally, Divisadero Street Capital Management LP purchased a new position in ThredUp in the 3rd quarter valued at approximately $9,396,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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.