Key Points
- ThredUp CFO Sean Sobers sold 44,559 shares at an average price of $2.58, generating approximately $114,962. The sale covered tax-withholding obligations tied to vested equity awards and reduced his direct stake by 6.77% to 613,503 shares.
- ThredUp recently reported a quarterly loss of $0.05 per share, missing estimates by $0.02, while revenue of $90.77 million slightly exceeded forecasts. Analysts expect a full-year loss of $0.17 per share.
- Institutional investors own 89.08% of ThredUp, with several major funds increasing their positions. Wall Street’s consensus rating is Moderate Buy, with an average price target of $6.55 versus the stock’s recent price near $2.71.
ThredUp Inc. (NASDAQ:TDUP - Get Free Report) CFO Sean Sobers sold 44,559 shares of ThredUp stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $2.58, for a total value of $114,962.22. Following the completion of the sale, the chief financial officer directly owned 613,503 shares in the company, valued at $1,582,837.74. This represents a 6.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
ThredUp Stock Up 7.5%
NASDAQ:TDUP opened at $2.71 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $355.90 million, a PE ratio of -15.94 and a beta of 1.97. ThredUp Inc. has a 52-week low of $2.48 and a 52-week high of $11.90. The stock has a 50-day simple moving average of $5.01 and a 200 day simple moving average of $4.57.
ThredUp (NASDAQ:TDUP - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). The firm had revenue of $90.77 million for the quarter, compared to analyst estimates of $90.34 million. ThredUp had a negative return on equity of 37.30% and a negative net margin of 6.65%. On average, sell-side analysts expect that ThredUp Inc. will post -0.17 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of ThredUp by 8.9% during the 4th quarter. Vanguard Group Inc. now owns 7,530,479 shares of the company's stock valued at $48,120,000 after acquiring an additional 616,052 shares during the period. Needham Investment Management LLC boosted its holdings in shares of ThredUp by 7.0% in the 4th quarter. Needham Investment Management LLC now owns 6,075,000 shares of the company's stock valued at $38,819,000 after purchasing an additional 400,000 shares in the last quarter. Marshall Wace LLP increased its stake in shares of ThredUp by 11.8% in the 4th quarter. Marshall Wace LLP now owns 4,825,251 shares of the company's stock valued at $30,833,000 after purchasing an additional 509,195 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of ThredUp by 19.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,965,484 shares of the company's stock worth $9,727,000 after buying an additional 473,907 shares during the last quarter. Finally, State Street Corp boosted its stake in ThredUp by 26.2% in the fourth quarter. State Street Corp now owns 2,886,417 shares of the company's stock valued at $18,444,000 after buying an additional 598,793 shares in the last quarter. 89.08% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
TDUP has been the topic of several analyst reports. Roth Capital reiterated a "buy" rating and set a $6.50 target price on shares of ThredUp in a report on Thursday, August 6th. Telsey Advisory Group dropped their price target on shares of ThredUp from $7.00 to $6.00 and set an "outperform" rating on the stock in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of ThredUp in a report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.55.
Read Our Latest Stock Report on ThredUp
About ThredUp
(
Get Free Report)
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.
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