Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells $209,973.94 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 109,934 shares of ThredUp stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $1.91, for a total value of $209,973.94. Following the sale, the director now directly owns 240,438 shares in the company, valued at $459,236.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Patricia Nakache also recently made the following trade(s):

• On Friday, May 3rd, Patricia Nakache sold 300 shares of ThredUp stock. The stock was sold at an average price of $1.80, for a total transaction of $540.00.

ThredUp Stock Up 3.1 %

Shares of TDUP stock opened at $2.01 on Friday. The company has a 50 day simple moving average of $1.82 and a two-hundred day simple moving average of $2.10. The stock has a market cap of $218.75 million, a P/E ratio of -2.96 and a beta of 0.71. ThredUp Inc. has a 12 month low of $1.52 and a 12 month high of $4.39. The company has a current ratio of 1.22, a quick ratio of 1.02 and a debt-to-equity ratio of 0.21.

ThredUp (NASDAQ:TDUP) last released its earnings results on Monday, March 4th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). ThredUp had a negative net margin of 22.12% and a negative return on equity of 61.27%. The company had revenue of $81.39 million for the quarter, compared to analysts’ expectations of $80.30 million. During the same quarter last year, the firm posted ($0.19) earnings per share. On average, research analysts expect that ThredUp Inc. will post -0.46 earnings per share for the current year.

Institutional Trading of ThredUp

Several institutional investors and hedge funds have recently modified their holdings of TDUP. SG Americas Securities LLC increased its stake in ThredUp by 29.4% in the 4th quarter. SG Americas Securities LLC now owns 35,211 shares of the company’s stock worth $79,000 after buying an additional 7,997 shares in the last quarter. Johnson Investment Counsel Inc. purchased a new position in shares of ThredUp in the third quarter valued at about $41,000. Blair William & Co. IL bought a new position in shares of ThredUp in the third quarter worth about $48,000. Tower Research Capital LLC TRC grew its position in shares of ThredUp by 445.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 16,376 shares of the company’s stock worth $37,000 after purchasing an additional 13,372 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in ThredUp by 35.7% during the 4th quarter. Ieq Capital LLC now owns 54,408 shares of the company’s stock valued at $122,000 after purchasing an additional 14,326 shares during the period. 89.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wedbush reduced their price target on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating for the company in a research report on Tuesday. The Goldman Sachs Group decreased their target price on ThredUp from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Thursday, January 11th. Needham & Company LLC reissued a “buy” rating and set a $5.00 price objective on shares of ThredUp in a report on Tuesday. Finally, Telsey Advisory Group dropped their target price on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3.33.

About ThredUp

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.