ThredUp Inc. $TDUP Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its position in shares of ThredUp Inc. (NASDAQ:TDUP) by 113.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,228 shares of the company’s stock after purchasing an additional 84,106 shares during the period. Inspire Investing LLC’s holdings in ThredUp were worth $519,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Quarry LP purchased a new position in shares of ThredUp in the third quarter valued at $37,000. Raymond James Financial Inc. purchased a new stake in ThredUp during the 2nd quarter worth $32,000. Meeder Asset Management Inc. lifted its holdings in ThredUp by 552.9% in the 4th quarter. Meeder Asset Management Inc. now owns 6,405 shares of the company’s stock worth $41,000 after buying an additional 5,424 shares in the last quarter. Versor Investments LP acquired a new stake in shares of ThredUp during the fourth quarter valued at about $70,000. Finally, Tower Research Capital LLC TRC increased its position in shares of ThredUp by 110.1% during the second quarter. Tower Research Capital LLC TRC now owns 10,959 shares of the company’s stock worth $82,000 after acquiring an additional 5,744 shares during the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

ThredUp Stock Up 1.7%

Shares of NASDAQ:TDUP opened at $7.03 on Friday. The company’s fifty day moving average is $5.01 and its two-hundred day moving average is $4.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 0.95. ThredUp Inc. has a 1-year low of $3.08 and a 1-year high of $12.28. The stock has a market capitalization of $907.16 million, a price-to-earnings ratio of -43.94 and a beta of 1.97.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. TD Cowen boosted their price target on ThredUp from $5.00 to $5.70 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a report on Wednesday, June 24th. Telsey Advisory Group cut their target price on ThredUp from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Finally, Wells Fargo & Company reduced their target price on ThredUp from $10.00 to $8.00 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ThredUp currently has an average rating of “Moderate Buy” and an average price target of $9.14.

Insider Transactions at ThredUp

In other news, COO Christopher Homer sold 61,578 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total transaction of $272,790.54. Following the completion of the transaction, the chief operating officer directly owned 1,301,843 shares of the company’s stock, valued at approximately $5,767,164.49. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sean Sobers sold 45,554 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total value of $201,804.22. Following the sale, the chief financial officer owned 572,523 shares in the company, valued at $2,536,276.89. The trade was a 7.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 23.10% of the company’s stock.

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.