Telsey Advisory Group Reduces Earnings Estimates for ThredUp

ThredUp Inc. (NASDAQ:TDUP) – Investment analysts at Telsey Advisory Group lowered their FY2026 earnings estimates for shares of ThredUp in a note issued to investors on Tuesday, November 4th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings per share of ($0.30) for the year, down from their previous estimate of ($0.28). Telsey Advisory Group currently has a “Outperform” rating and a $12.00 target price on the stock. The consensus estimate for ThredUp’s current full-year earnings is ($0.56) per share.

TDUP has been the subject of a number of other reports. Wall Street Zen raised ThredUp from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of ThredUp in a report on Thursday, September 4th. Roth Capital initiated coverage on shares of ThredUp in a research report on Wednesday, October 29th. They set a “buy” rating and a $11.00 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of ThredUp in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their price objective on shares of ThredUp from $10.00 to $13.00 and gave the company an “overweight” rating in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ThredUp has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

ThredUp Stock Performance

NASDAQ:TDUP remained flat at $7.87 during mid-day trading on Friday. 383,948 shares of the company were exchanged, compared to its average volume of 1,909,928. ThredUp has a 1 year low of $0.86 and a 1 year high of $12.28. The firm’s fifty day moving average price is $9.60 and its 200 day moving average price is $8.37. The stock has a market cap of $969.27 million, a price-to-earnings ratio of -26.23 and a beta of 1.70. The company has a quick ratio of 0.96, a current ratio of 0.92 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling at ThredUp

In related news, Director Daniel J. Nova purchased 65,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was purchased at an average cost of $8.04 per share, for a total transaction of $522,600.00. Following the acquisition, the director owned 368,930 shares in the company, valued at approximately $2,966,197.20. This trade represents a 21.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Coretha M. Rushing sold 105,000 shares of ThredUp stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $10.82, for a total transaction of $1,136,100.00. Following the sale, the director directly owned 148,197 shares in the company, valued at $1,603,491.54. This trade represents a 41.47% decrease in their position. The SEC filing for this sale provides additional information. 27.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TDUP. Victory Capital Management Inc. purchased a new stake in ThredUp during the 1st quarter worth approximately $25,000. Raymond James Financial Inc. purchased a new position in shares of ThredUp during the 2nd quarter valued at approximately $32,000. Voya Investment Management LLC acquired a new stake in shares of ThredUp during the first quarter worth approximately $51,000. State of Alaska Department of Revenue bought a new stake in shares of ThredUp in the third quarter worth $55,000. Finally, American Century Companies Inc. acquired a new stake in ThredUp in the first quarter valued at $57,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

About ThredUp

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.