ThredUp Inc. (NASDAQ:TDUP – Free Report) – Equities research analysts at Northland Securities issued their FY2027 earnings per share (EPS) estimates for shares of ThredUp in a research note issued on Wednesday, September 30th. Northland Securities analyst B. Brooks anticipates that the company will post earnings per share of ($0.11) for the year. The consensus estimate for ThredUp’s current full-year earnings is ($0.17) per share.
Several other analysts have also recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a research note on Monday, September 21st. 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 target on shares of ThredUp in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ThredUp currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.55.
ThredUp Stock Performance
Shares of TDUP opened at $2.17 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 stock has a market capitalization of $284.99 million, a P/E ratio of -12.76 and a beta of 2.11. The company’s fifty day moving average is $3.19 and its two-hundred day moving average is $4.28. ThredUp has a 1 year low of $2.09 and a 1 year high of $10.00.
ThredUp (NASDAQ:TDUP – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). ThredUp had a negative return on equity of 37.30% and a negative net margin of 6.65%.The company had revenue of $90.77 million for the quarter, compared to analysts’ expectations of $90.34 million.
Hedge Funds Weigh In On ThredUp
Large investors have recently made changes to their positions in the stock. CI Investments Inc. purchased a new stake in ThredUp during the first quarter worth about $5,937,000. Readystate Asset Management LP boosted its stake in shares of ThredUp by 197.4% during the 2nd quarter. Readystate Asset Management LP now owns 1,508,736 shares of the company’s stock worth $10,335,000 after acquiring an additional 1,001,482 shares in the last quarter. Zweig DiMenna Associates LLC boosted its stake in shares of ThredUp by 170.1% during the 1st quarter. Zweig DiMenna Associates LLC now owns 1,454,500 shares of the company’s stock worth $4,771,000 after acquiring an additional 916,000 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of ThredUp by 19.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,965,484 shares of the company’s stock worth $9,727,000 after acquiring an additional 473,907 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of ThredUp in the 1st quarter worth approximately $1,338,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.
Insiders Place Their Bets
In related news, COO Christopher Homer sold 60,230 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $2.58, for a total transaction of $155,393.40. Following the transaction, the chief operating officer owned 1,363,358 shares of the company’s stock, valued at $3,517,463.64. This represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sean Sobers sold 44,559 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $2.58, for a total value of $114,962.22. Following the completion of the transaction, the chief financial officer owned 613,503 shares of the company’s stock, valued at $1,582,837.74. The trade was a 6.77% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 23.10% of the company’s stock.
About ThredUp
ThredUp Inc operates an online resale platform for secondhand clothing, shoes and accessories. Through its marketplace, consumers can buy pre-owned merchandise and list unwanted items for resale. The company handles much of the resale process, including receiving, inspecting, photographing, pricing and fulfilling orders for eligible products.
ThredUp also provides branded resale programs for retailers and apparel companies. These services enable brands to offer customers options such as clothing resale, trade-in and take-back programs through customized digital experiences powered by ThredUp’s infrastructure.
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