ThredUp Inc. (NASDAQ:TDUP) Director Purchases $14,982.00 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Ian Friedman acquired 6,810 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $2.20 per share, with a total value of $14,982.00. Following the transaction, the director now directly owns 367,558 shares of the company’s stock, valued at $808,627.60. This represents a 1.89 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ThredUp Trading Up 3.0 %

Shares of TDUP stock opened at $2.37 on Tuesday. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.99. The stock has a market cap of $275.38 million, a P/E ratio of -3.70 and a beta of 1.73. The business has a fifty day simple moving average of $2.29 and a 200-day simple moving average of $1.51. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.

Wall Street Analyst Weigh In

Several research firms have issued reports on TDUP. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research report on Tuesday, March 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $3.00 price objective on shares of ThredUp in a research report on Tuesday, March 4th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Needham Investment Management LLC increased its position in shares of ThredUp by 2.7% in the fourth quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company’s stock valued at $8,851,000 after buying an additional 167,500 shares in the last quarter. FIL Ltd increased its position in shares of ThredUp by 0.8% in the fourth quarter. FIL Ltd now owns 3,400,000 shares of the company’s stock valued at $4,726,000 after buying an additional 27,000 shares in the last quarter. Geode Capital Management LLC increased its position in shares of ThredUp by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company’s stock valued at $2,663,000 after buying an additional 26,326 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of ThredUp by 134.5% during the fourth quarter. Marshall Wace LLP now owns 1,521,138 shares of the company’s stock valued at $2,114,000 after acquiring an additional 872,357 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of ThredUp by 0.9% during the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock valued at $1,215,000 after acquiring an additional 12,984 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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.