ThredUp Inc. $TDUP Stock Position Raised by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in ThredUp Inc. (NASDAQ:TDUP) by 8.9% in the 4th quarter, Holdings Channel reports. The fund owned 7,530,479 shares of the company’s stock after buying an additional 616,052 shares during the period. Vanguard Group Inc. owned approximately 0.06% of ThredUp worth $48,120,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TDUP. Arrowstreet Capital Limited Partnership grew its holdings in shares of ThredUp by 263.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,056,345 shares of the company’s stock valued at $19,432,000 after buying an additional 1,491,020 shares in the last quarter. Invesco Ltd. lifted its position in shares of ThredUp by 3,682.1% in the second quarter. Invesco Ltd. now owns 1,135,351 shares of the company’s stock worth $8,504,000 after purchasing an additional 1,105,332 shares in the last quarter. Divisadero Street Capital Management LP purchased a new stake in shares of ThredUp in the third quarter worth approximately $9,396,000. Landscape Capital Management L.L.C. purchased a new stake in shares of ThredUp in the third quarter worth approximately $7,389,000. Finally, JPMorgan Chase & Co. lifted its position in shares of ThredUp by 919.9% in the second quarter. JPMorgan Chase & Co. now owns 785,155 shares of the company’s stock worth $5,881,000 after purchasing an additional 708,169 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

TDUP has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of ThredUp from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a report on Friday, March 27th. TD Cowen upped their target price on ThredUp from $5.00 to $5.70 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Telsey Advisory Group cut their price target on ThredUp from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ThredUp has an average rating of “Moderate Buy” and a consensus target price of $9.14.

Insiders Place Their Bets

In other ThredUp news, COO Christopher Homer sold 69,741 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $3.82, for a total transaction of $266,410.62. Following the completion of the sale, the chief operating officer owned 1,274,906 shares of the company’s stock, valued at $4,870,140.92. This represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sean Sobers sold 56,504 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $3.82, for a total value of $215,845.28. Following the sale, the chief financial officer directly owned 555,254 shares of the company’s stock, valued at $2,121,070.28. The trade was a 9.24% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 23.10% of the company’s stock.

ThredUp Price Performance

NASDAQ TDUP opened at $4.10 on Friday. ThredUp Inc. has a fifty-two week low of $3.08 and a fifty-two week high of $12.28. The stock’s 50-day moving average is $3.90 and its two-hundred day moving average is $5.57. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $529.06 million, a P/E ratio of -25.63 and a beta of 2.07.

ThredUp (NASDAQ:TDUP) last posted its earnings results on Monday, May 4th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $81.67 million for the quarter, compared to analyst estimates of $80.17 million. ThredUp had a negative return on equity of 36.11% and a negative net margin of 6.68%. On average, analysts anticipate that ThredUp Inc. will post -0.09 earnings per share for the current fiscal year.

About ThredUp

ThredUp, Inc operates an online consignment and thrift platform that enables consumers to buy and sell secondhand clothing and accessories. Through its digital marketplace, the company offers curated selections of apparel for women and children, spanning a broad range of brands and styles. Sellers can order a “Clean Out Kit” to send in items they no longer wear, while buyers benefit from discounted prices and a simplified shopping experience powered by ThredUp’s in-house authentication, quality control and logistics capabilities.

In addition to its core consumer-to-consumer marketplace, ThredUp has expanded into business-to-business services with its Resale-as-a-Service (RaaS) offering.