ThredUp (TDUP) Projected to Post Earnings on Monday

ThredUp (NASDAQ:TDUP) is expected to be issuing its quarterly earnings data after the market closes on Monday, March 3rd. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $68.95 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

ThredUp Trading Down 7.9 %

Shares of NASDAQ:TDUP opened at $2.56 on Monday. The company has a market cap of $291.23 million, a P/E ratio of -4.00 and a beta of 1.75. ThredUp has a 52-week low of $0.50 and a 52-week high of $2.99. The stock’s 50-day moving average is $1.99 and its 200-day moving average is $1.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96.

Analyst Upgrades and Downgrades

TDUP has been the topic of several recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research report on Friday, February 14th. Telsey Advisory Group upped their price target on shares of ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th.

Insider Buying and Selling at ThredUp

In related news, Director Daniel J. Nova bought 24,897 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average cost of $1.47 per share, for a total transaction of $36,598.59. Following the acquisition, the director now owns 303,930 shares of the company’s stock, valued at approximately $446,777.10. This represents a 8.92 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Patricia Nakache sold 315,102 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $2.87, for a total value of $904,342.74. Following the completion of the sale, the director now owns 250,956 shares in the company, valued at approximately $720,243.72. This trade represents a 55.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,734,538 shares of company stock valued at $6,314,066. 34.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ThredUp

An institutional investor recently raised its position in ThredUp stock. Bank of America Corp DE lifted its stake in ThredUp Inc. (NASDAQ:TDUP) by 42.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,456 shares of the company’s stock after acquiring an additional 23,156 shares during the quarter. Bank of America Corp DE owned approximately 0.07% of ThredUp worth $108,000 as of its most recent SEC filing. 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.