Daniel J. Nova Acquires 24,897 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Daniel J. Nova purchased 24,897 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $1.47 per share, for a total transaction of $36,598.59. Following the transaction, the director now owns 303,930 shares in the company, valued at $446,777.10. This represents a 8.92 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

ThredUp Price Performance

ThredUp stock opened at $1.73 on Wednesday. ThredUp Inc. has a 52 week low of $0.50 and a 52 week high of $2.60. The company’s 50 day moving average price is $0.95 and its two-hundred day moving average price is $1.28. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The stock has a market cap of $196.80 million, a P/E ratio of -2.70 and a beta of 1.62.

Analyst Ratings Changes

TDUP has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on shares of ThredUp from $5.00 to $3.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a research report on Wednesday, October 23rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $3.00 price target on shares of ThredUp in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, ThredUp presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.40.

Hedge Funds Weigh In On ThredUp

Several hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of ThredUp by 33.6% during 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 in the last quarter. Rhumbline Advisers raised its holdings in shares of ThredUp by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 105,057 shares of the company’s stock worth $179,000 after purchasing an additional 6,421 shares during the period. State Street Corp raised its holdings in shares of ThredUp by 0.9% in the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after purchasing an additional 12,984 shares during the period. Diversified Trust Co raised its holdings in shares of 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 purchasing an additional 15,175 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of 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 purchasing an additional 15,850 shares during the period. Institutional investors own 89.08% of the company’s stock.

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.