ThredUp (NASDAQ:TDUP) Director Patricia Nakache Purchases 13,157 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache purchased 13,157 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were acquired at an average cost of $3.73 per share, for a total transaction of $49,075.61. Following the completion of the purchase, the director directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

ThredUp Price Performance

Shares of NASDAQ:TDUP opened at $3.73 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.24. The stock has a market cap of $466.77 million, a PE ratio of -24.87 and a beta of 1.72. The company’s fifty day moving average is $5.10 and its 200 day moving average is $7.51. ThredUp Inc. has a 52 week low of $2.16 and a 52 week high of $12.28.

ThredUp (NASDAQ:TDUP) last posted its quarterly 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). The business had revenue of $79.70 million during the quarter, compared to analyst estimates of $77.17 million. ThredUp had a negative net margin of 6.50% and a negative return on equity of 34.48%. Research analysts anticipate that ThredUp Inc. will post -0.56 earnings per share for the current year.

Institutional Investors Weigh In On ThredUp

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in ThredUp by 42.6% in the 4th quarter. Bank of America Corp DE now owns 77,456 shares of the company’s stock worth $108,000 after acquiring an additional 23,156 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of ThredUp by 7.6% during the first quarter. Cubist Systematic Strategies LLC now owns 37,516 shares of the company’s stock valued at $90,000 after purchasing an additional 2,659 shares in the last quarter. AQR Capital Management LLC increased its holdings in ThredUp by 185.9% in the 1st quarter. AQR Capital Management LLC now owns 94,652 shares of the company’s stock worth $228,000 after buying an additional 61,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ThredUp by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,705 shares of the company’s stock valued at $115,000 after acquiring an additional 2,034 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of ThredUp by 39.2% during the first quarter. Jane Street Group LLC now owns 92,376 shares of the company’s stock valued at $223,000 after purchasing an additional 25,995 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TDUP shares. Wall Street Zen downgraded shares of ThredUp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Wells Fargo & Company decreased their price target on shares of ThredUp from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Telsey Advisory Group reduced their price target on ThredUp from $12.00 to $9.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ThredUp in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned 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 an average target price of $11.00.

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.