ThredUp Inc. (NASDAQ:TDUP – Get Free Report) Director Daniel J. Nova bought 45,897 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $1.00 per share, with a total value of $45,897.00. Following the completion of the acquisition, the director now directly owns 124,142 shares in the company, valued at approximately $124,142. This trade represents a 58.66 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
ThredUp Trading Up 6.3 %
Shares of NASDAQ:TDUP opened at $1.34 on Friday. The business’s 50-day moving average is $0.84 and its 200 day moving average is $1.31. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.60. The firm has a market capitalization of $152.44 million, a P/E ratio of -2.09 and a beta of 0.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86.
Wall Street Analyst Weigh In
Several research firms have recently commented on TDUP. Telsey Advisory Group reissued an “outperform” rating and issued a $3.00 price target on shares of ThredUp in a research report on Tuesday, October 29th. Needham & Company LLC reissued a “hold” rating on shares of ThredUp in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company reduced their price target on ThredUp from $5.00 to $3.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, ThredUp presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.40.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of ThredUp by 278.7% in the third quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after purchasing an additional 76,553 shares during the period. Geode Capital Management LLC increased its holdings in shares of ThredUp by 4.1% in the third quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock valued at $1,591,000 after purchasing an additional 74,334 shares during the period. State Street Corp increased its holdings in shares of ThredUp by 0.9% in the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock valued at $1,215,000 after purchasing an additional 12,984 shares during the period. Needham Investment Management LLC increased its holdings in shares of ThredUp by 7.2% in the third quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock valued at $5,220,000 after purchasing an additional 415,000 shares during the period. Finally, Privium Fund Management B.V. increased its holdings in shares of ThredUp by 76.3% in the third quarter. Privium Fund Management B.V. now owns 383,500 shares of the company’s stock valued at $323,000 after purchasing an additional 165,935 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.
ThredUp Company Profile
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.
Featured Articles
- Five stocks we like better than ThredUp
- Retail Stocks Investing, Explained
- MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally
- 2 Rising CRM Platform Stocks That Can Surge Higher in 2025
- Netflix Ventures Into Live Sports, Driving Stock Momentum
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Snowflake Melts Up as Analysts Shift Gears; Higher Prices To Come
Receive News & Ratings for ThredUp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ThredUp and related companies with MarketBeat.com's FREE daily email newsletter.