ThredUp (NASDAQ:TDUP) COO Sells $507,216.36 in Stock

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) COO Christopher Homer sold 68,358 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $7.42, for a total value of $507,216.36. Following the transaction, the chief operating officer owned 1,170,567 shares of the company's stock, valued at approximately $8,685,607.14. The trade was a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

ThredUp Trading Down 0.1%

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NASDAQ TDUP opened at $7.40 on Wednesday. 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 quick ratio of 0.92 and a current ratio of 0.92. The stock's 50 day moving average price is $8.44 and its two-hundred day moving average price is $8.70. 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 (NASDAQ:TDUP - Get Free Report) last posted 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 company had revenue of $82.16 million for the quarter, compared to the consensus estimate of $77.34 million. ThredUp had a negative net margin of 12.18% and a negative return on equity of 39.20%. As a group, analysts anticipate that ThredUp Inc. will post -0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ThredUp

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Several hedge funds have recently bought and sold shares of TDUP. Quarry LP bought a new position in ThredUp during the third quarter worth about $37,000. Raymond James Financial Inc. bought a new stake in ThredUp in the second quarter valued at approximately $32,000. State of Alaska Department of Revenue acquired a new stake in shares of ThredUp in the third quarter valued at approximately $55,000. Ameritas Investment Partners Inc. boosted its stake in shares of ThredUp by 32.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,290 shares of the company's stock worth $70,000 after acquiring an additional 2,287 shares during the period. Finally, Bensler LLC acquired a new position in shares of ThredUp during the 2nd quarter worth approximately $75,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDUP has been the topic of several analyst reports. Telsey Advisory Group reissued an "outperform" rating and set a $12.00 price target on shares of ThredUp in a research report on Tuesday, November 4th. Roth Capital started coverage on ThredUp in a research report on Wednesday, October 29th. They issued a "buy" rating and a $11.00 target price on the stock. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a research report on Thursday, September 4th. Wall Street Zen downgraded ThredUp from a "buy" rating to a "hold" rating in a research note on Saturday, November 22nd. Finally, Wells Fargo & Company upped their price objective on ThredUp from $10.00 to $13.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.50.

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View Our Latest Report on TDUP

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.

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