ThredUp Inc. $TDUP Shares Purchased by UBS Group AG

UBS Group AG increased its holdings in shares of ThredUp Inc. (NASDAQ:TDUP) by 51.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 370,828 shares of the company’s stock after buying an additional 125,388 shares during the quarter. UBS Group AG owned about 0.30% of ThredUp worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP purchased a new position in shares of ThredUp during the 3rd quarter worth about $9,396,000. Vanguard Group Inc. grew its holdings in ThredUp by 6.1% in the third quarter. Vanguard Group Inc. now owns 6,914,427 shares of the company’s stock valued at $65,341,000 after purchasing an additional 398,865 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in ThredUp in the third quarter valued at approximately $7,389,000. Tudor Investment Corp ET AL increased its position in ThredUp by 42.9% during the third quarter. Tudor Investment Corp ET AL now owns 658,271 shares of the company’s stock worth $6,221,000 after purchasing an additional 197,512 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in ThredUp by 35.7% during the third quarter. Federated Hermes Inc. now owns 728,375 shares of the company’s stock worth $6,883,000 after purchasing an additional 191,723 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

ThredUp Trading Up 1.6%

Shares of TDUP opened at $4.36 on Wednesday. The stock’s 50-day moving average is $3.98 and its two-hundred day moving average is $5.33. The stock has a market cap of $562.61 million, a PE ratio of -27.25 and a beta of 2.07. ThredUp Inc. has a 12 month low of $3.08 and a 12 month high of $12.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.95 and a quick ratio of 0.95.

ThredUp (NASDAQ:TDUP) last posted its earnings results on Monday, May 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). The business had revenue of $81.67 million during the quarter, compared to analyst estimates of $80.17 million. ThredUp had a negative return on equity of 36.11% and a negative net margin of 6.68%. Equities analysts forecast that ThredUp Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on TDUP. Wells Fargo & Company decreased their price target on shares of ThredUp from $10.00 to $8.00 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. Telsey Advisory Group dropped their price objective on ThredUp from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ThredUp in a report on Friday, March 27th. Finally, TD Cowen boosted their price target on ThredUp from $5.00 to $5.70 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.14.

Insider Buying and Selling at ThredUp

In other news, CFO Sean Sobers sold 56,504 shares of ThredUp stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $3.82, for a total transaction of $215,845.28. Following the sale, the chief financial officer owned 555,254 shares in the company, valued at $2,121,070.28. This trade represents a 9.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patricia Nakache bought 13,157 shares of ThredUp stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average cost of $3.73 per share, for a total transaction of $49,075.61. Following the completion of the transaction, the director owned 14,017 shares of the company’s stock, valued at approximately $52,283.41. This represents a 1,529.88% increase in their position. The SEC filing for this purchase provides additional information. 23.10% of the stock is owned by corporate insiders.

About ThredUp

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.