Key Points
- CFO Sean Sobers sold 51,220 shares at an average price of $7.42 on Dec. 2, generating $380,052 and reducing his ownership by 9.37% to 495,336 shares (≈$3.68M).
- ThredUp slightly beat recent quarterly estimates with EPS of -$0.03 (vs. -$0.04 expected) and revenue of $82.16M, but remains unprofitable with a negative ROE (39.2%) and net margin (-12.18%).
- Market and analyst context: Shares trade around $7.40 with a market cap near $926M, institutional ownership ~89%, and a consensus "Moderate Buy" target price of $12.50.
ThredUp Inc. (NASDAQ:TDUP - Get Free Report) CFO Sean Sobers sold 51,220 shares of the company's stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $7.42, for a total value of $380,052.40. Following the transaction, the chief financial officer directly owned 495,336 shares in the company, valued at approximately $3,675,393.12. The trade was a 9.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.
ThredUp Stock Down 0.1%
ThredUp stock opened at $7.40 on Wednesday. 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 stock has a market capitalization of $926.04 million, a price-to-earnings ratio of -24.67 and a beta of 1.71. ThredUp Inc. has a 1-year low of $1.21 and a 1-year high of $12.28. The business has a fifty day moving average price of $8.44 and a 200-day moving average price of $8.70.
ThredUp (NASDAQ:TDUP - Get Free Report) last announced its earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. ThredUp had a negative return on equity of 39.20% and a negative net margin of 12.18%.The company had revenue of $82.16 million for the quarter, compared to analyst estimates of $77.34 million. Equities research analysts forecast that ThredUp Inc. will post -0.56 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in shares of ThredUp in the third quarter worth about $37,000. Raymond James Financial Inc. purchased a new position in shares of ThredUp in the 2nd quarter valued at about $32,000. State of Alaska Department of Revenue purchased a new position in shares of ThredUp in the 3rd quarter valued at about $55,000. Ameritas Investment Partners Inc. raised its holdings in ThredUp by 32.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,290 shares of the company's stock worth $70,000 after purchasing an additional 2,287 shares during the period. Finally, Bensler LLC purchased a new position in ThredUp during the second quarter worth approximately $75,000. 89.08% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on TDUP shares. Wall Street Zen downgraded shares of ThredUp from a "buy" rating to a "hold" rating in a report on Saturday, November 22nd. Needham & Company LLC restated a "hold" rating on shares of ThredUp in a research note on Thursday, September 4th. Wells Fargo & Company lifted their price objective on shares of ThredUp from $10.00 to $13.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 5th. Northland Securities set a $14.00 price objective on shares of ThredUp in a report on Tuesday, August 5th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $12.00 target price on shares of ThredUp in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.50.
Read Our Latest Research Report on ThredUp
ThredUp Company Profile
(
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.
See Also
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. Please send any questions or comments about this story to [email protected].
