ThredUp Inc. (NASDAQ:TDUP) Director Daniel J. Nova Buys 30,000 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Daniel J. Nova acquired 30,000 shares of ThredUp stock in a transaction dated Monday, November 25th. The shares were purchased at an average price of $1.67 per share, for a total transaction of $50,100.00. Following the completion of the transaction, the director now directly owns 244,033 shares in the company, valued at approximately $407,535.11. The trade was a 14.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ThredUp Stock Performance

Shares of TDUP stock opened at $1.52 on Thursday. The stock has a market capitalization of $172.92 million, a PE ratio of -2.38 and a beta of 0.75. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $2.60. The business has a 50-day moving average of $0.89 and a 200 day moving average of $1.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86.

Institutional Investors Weigh In On ThredUp

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its holdings in ThredUp by 84.8% in the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock worth $29,000 after buying an additional 15,850 shares during the period. Sei Investments Co. purchased a new stake in ThredUp in the 2nd quarter worth approximately $37,000. Cubist Systematic Strategies LLC purchased a new stake in ThredUp in the 2nd quarter worth approximately $43,000. Price T Rowe Associates Inc. MD lifted its holdings in ThredUp by 33.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company’s stock worth $45,000 after buying an additional 5,635 shares during the period. Finally, Diversified Trust Co lifted its holdings in ThredUp by 117.3% in the 2nd quarter. Diversified Trust Co now owns 28,111 shares of the company’s stock worth $48,000 after buying an additional 15,175 shares during the period. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research report on Wednesday, October 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $3.00 price objective on shares of ThredUp in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company dropped their target price on ThredUp from $5.00 to $3.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, ThredUp has an average rating of “Moderate Buy” and an average price target of $3.40.

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.