ThredUp (NASDAQ:TDUP) COO Christopher Homer Sells 68,358 Shares

ThredUp Inc. (NASDAQ:TDUP) COO Christopher Homer sold 68,358 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $7.42, for a total value of $507,216.36. Following the transaction, the chief operating officer directly owned 1,170,567 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink.

ThredUp Stock Performance

Shares of TDUP traded down $0.01 during mid-day trading on Tuesday, hitting $7.40. The stock had a trading volume of 2,418,391 shares, compared to its average volume of 1,918,140. ThredUp Inc. has a 52 week low of $1.21 and a 52 week high of $12.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.92 and a quick ratio of 0.92. The business has a fifty day moving average price of $8.44 and a 200-day moving average price of $8.70. The firm has a market cap of $926.04 million, a P/E ratio of -24.67 and a beta of 1.71.

ThredUp (NASDAQ:TDUP) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $77.34 million. ThredUp had a negative return on equity of 39.20% and a negative net margin of 12.18%. On average, equities research analysts expect that ThredUp Inc. will post -0.56 EPS for the current year.

Hedge Funds Weigh In On ThredUp

Institutional investors and hedge funds have recently made changes to their positions in the business. Cerity Partners LLC lifted its position in ThredUp by 6.7% in the second quarter. Cerity Partners LLC now owns 19,011 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares during the last quarter. SG Americas Securities LLC boosted its holdings in ThredUp by 5.0% in the second quarter. SG Americas Securities LLC now owns 27,167 shares of the company’s stock valued at $203,000 after acquiring an additional 1,296 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in ThredUp by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,302 shares of the company’s stock valued at $234,000 after purchasing an additional 1,601 shares during the period. ProShare Advisors LLC raised its holdings in ThredUp by 9.6% in the 2nd quarter. ProShare Advisors LLC now owns 18,658 shares of the company’s stock worth $140,000 after purchasing an additional 1,631 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of ThredUp by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,705 shares of the company’s stock worth $115,000 after purchasing an additional 2,034 shares during the period. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Northland Securities set a $14.00 price objective on shares of ThredUp in a report on Tuesday, August 5th. Wall Street Zen cut shares of ThredUp from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of ThredUp in a research report on Monday. Telsey Advisory Group reissued an “outperform” rating and set a $12.00 price objective on shares of ThredUp in a research note on Tuesday, November 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research note on Thursday, September 4th. Two investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, ThredUp currently has an average rating of “Moderate Buy” and a consensus target price of $12.50.

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.