ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 109,934 shares of ThredUp stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $1.91, for a total transaction of $209,973.94. Following the transaction, the director now directly owns 240,438 shares of the company's stock, valued at $459,236.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Patricia Nakache also recently made the following trade(s):
- On Friday, May 3rd, Patricia Nakache sold 300 shares of ThredUp stock. The shares were sold at an average price of $1.80, for a total transaction of $540.00.
ThredUp Stock Performance
Shares of NASDAQ:TDUP opened at $1.95 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.22 and a quick ratio of 1.02. ThredUp Inc. has a 1 year low of $1.52 and a 1 year high of $4.39. The firm has a market capitalization of $212.22 million, a PE ratio of -2.87 and a beta of 0.71. The business's 50 day moving average price is $1.82 and its 200-day moving average price is $2.11.
The Overlooked Retirement Asset You Probably Don’t Own
From Crypto 101 Media | Ad
4 out of 5 Americans believe we’re on the brink of a retirement crisis.
Luckily, in these unprecedented times, we have an unprecedented solution.
Once considered a “fringe” investment, the crypto market is now taking the world by storm.
Click here to access the Crypto Retirement Blueprint now.
ThredUp (NASDAQ:TDUP - Get Free Report) last announced its earnings results on Monday, March 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The business had revenue of $81.39 million for the quarter, compared to analyst estimates of $80.30 million. ThredUp had a negative return on equity of 61.27% and a negative net margin of 22.12%. During the same period last year, the firm earned ($0.19) EPS. As a group, equities research analysts expect that ThredUp Inc. will post -0.46 earnings per share for the current fiscal year.
Institutional Trading of ThredUp
Large investors have recently bought and sold shares of the business. FMR LLC lifted its stake in ThredUp by 28.5% in the 3rd quarter. FMR LLC now owns 6,113,152 shares of the company's stock worth $24,514,000 after purchasing an additional 1,355,607 shares in the last quarter. Bourgeon Capital Management LLC acquired a new stake in shares of ThredUp in the third quarter valued at approximately $2,783,000. EAM Investors LLC purchased a new position in ThredUp during the third quarter worth approximately $2,618,000. Kent Lake Capital LLC acquired a new position in ThredUp during the third quarter worth $2,509,000. Finally, Capital World Investors grew its holdings in ThredUp by 6.4% in the 4th quarter. Capital World Investors now owns 8,580,000 shares of the company's stock valued at $19,305,000 after buying an additional 516,000 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $5.00 price target on shares of ThredUp in a research note on Tuesday. Wedbush reduced their target price on ThredUp from $4.00 to $3.00 and set an "outperform" rating for the company in a research note on Tuesday. Telsey Advisory Group dropped their price target on shares of ThredUp from $4.00 to $3.00 and set an "outperform" rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group reduced their price objective on shares of ThredUp from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $3.33.
Read Our Latest Stock Report on TDUP
About ThredUp
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
