ThredUp Inc. (NASDAQ:TDUP – Get Free Report) COO Christopher Homer sold 60,230 shares of ThredUp stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $2.58, for a total value of $155,393.40. Following the completion of the sale, the chief operating officer directly owned 1,363,358 shares of the company’s stock, valued at $3,517,463.64. The trade was a 4.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
ThredUp Stock Up 1.9%
ThredUp stock opened at $2.72 on Friday. ThredUp Inc. has a one year low of $2.48 and a one year high of $11.90. The stock has a fifty day moving average of $4.85 and a 200 day moving average of $4.54. 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 stock has a market cap of $357.22 million, a PE ratio of -16.00 and a beta of 1.97.
ThredUp (NASDAQ:TDUP – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $90.77 million during the quarter, compared to analysts’ expectations of $90.34 million. ThredUp had a negative return on equity of 37.30% and a negative net margin of 6.65%. As a group, sell-side analysts predict that ThredUp Inc. will post -0.17 EPS for the current year.
Hedge Funds Weigh In On ThredUp
Wall Street Analyst Weigh In
A number of brokerages have commented on TDUP. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ThredUp in a report on Wednesday, June 24th. 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 note on Thursday, August 6th. Finally, Roth Capital reissued a “buy” rating and set a $6.50 price objective on shares of ThredUp in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ThredUp presently has an average rating of “Moderate Buy” and a consensus target price of $6.55.
View Our Latest Report on ThredUp
ThredUp Company Profile
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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