ThredUp (NASDAQ:TDUP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ThredUp (NASDAQ:TDUP) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

A number of other research analysts also recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a report on Thursday, September 4th. Roth Capital began coverage on ThredUp in a report on Wednesday, October 29th. They set a “buy” rating and a $11.00 price target on the stock. Northland Securities set a $14.00 price target on ThredUp in a report on Tuesday, August 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $12.00 price target on shares of ThredUp in a report on Monday, October 27th. Finally, Northland Capmk raised ThredUp to a “strong-buy” rating in a report on Monday, July 21st. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ThredUp has an average rating of “Moderate Buy” and a consensus target price of $12.50.

ThredUp Trading Down 3.3%

Shares of NASDAQ:TDUP opened at $8.50 on Friday. The company has a market cap of $1.05 billion, a P/E ratio of -17.35 and a beta of 1.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.96 and a quick ratio of 0.96. ThredUp has a 1 year low of $0.50 and a 1 year high of $12.28. The stock’s fifty day moving average price is $9.81 and its 200-day moving average price is $8.35.

ThredUp (NASDAQ:TDUP) last announced its quarterly earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. ThredUp had a negative return on equity of 71.49% and a negative net margin of 19.66%. ThredUp has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts expect that ThredUp will post -0.56 earnings per share for the current year.

Insider Activity

In other news, Director Coretha M. Rushing sold 105,000 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $10.82, for a total value of $1,136,100.00. Following the transaction, the director owned 148,197 shares of the company’s stock, valued at $1,603,491.54. This trade represents a 41.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sean Sobers sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $10.04, for a total value of $1,004,000.00. Following the completion of the transaction, the chief financial officer directly owned 477,390 shares in the company, valued at $4,792,995.60. This trade represents a 17.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 255,000 shares of company stock worth $2,642,100 in the last ninety days. Corporate insiders own 27.00% of the company’s stock.

Institutional Trading of ThredUp

Institutional investors have recently made changes to their positions in the business. Arizona State Retirement System purchased a new position in ThredUp during the 3rd quarter valued at approximately $256,000. Federated Hermes Inc. raised its position in ThredUp by 35.7% during the 3rd quarter. Federated Hermes Inc. now owns 728,375 shares of the company’s stock valued at $6,883,000 after purchasing an additional 191,723 shares in the last quarter. Strs Ohio increased its holdings in shares of ThredUp by 25.0% in the 3rd quarter. Strs Ohio now owns 21,000 shares of the company’s stock valued at $198,000 after acquiring an additional 4,200 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of ThredUp in the 3rd quarter valued at $168,000. Finally, BloombergSen Inc. increased its holdings in shares of ThredUp by 36.9% in the 3rd quarter. BloombergSen Inc. now owns 880,904 shares of the company’s stock valued at $8,325,000 after acquiring an additional 237,620 shares during the period. Hedge funds and other 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.