ThredUp (NASDAQ:TDUP) Stock Moved Down to “Market Perform” by Northland Securities

Northland Securities cut shares of ThredUp (NASDAQ:TDUP) from an outperform rating to a market perform rating in a research note released on Thursday morning, MarketBeat reports. Northland Securities currently has $2.00 price target on the stock.

Several other brokerages have also commented on TDUP. Roth Capital restated a “buy” rating and set a $6.50 price target on shares of ThredUp in a research note on Thursday, August 6th. Weiss Ratings raised shares of ThredUp from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Telsey Advisory Group decreased their price objective on shares of ThredUp from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. TD Cowen began coverage on shares of ThredUp in a report on Friday, October 30th. They issued a “strong-buy” rating for the company. Finally, William Blair downgraded shares of ThredUp from an “outperform” rating to a “market perform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.64.

ThredUp Trading Down 33.8%

Shares of NASDAQ TDUP opened at $1.45 on Thursday. The stock has a market cap of $190.43 million, a price-to-earnings ratio of -8.06 and a beta of 2.18. The business has a 50 day simple moving average of $2.33 and a 200 day simple moving average of $4.09. ThredUp has a 52 week low of $1.38 and a 52 week high of $8.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.99 and a current ratio of 0.99.

ThredUp (NASDAQ:TDUP) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $88.23 million for the quarter, compared to analyst estimates of $88.05 million. ThredUp had a negative net margin of 6.89% and a negative return on equity of 39.23%. On average, research analysts predict that ThredUp will post -0.17 earnings per share for the current fiscal year.

Insider Activity at ThredUp

In other ThredUp news, COO Christopher Homer sold 60,230 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $2.58, for a total transaction of $155,393.40. Following the transaction, the chief operating officer owned 1,363,358 shares in the company, valued at $3,517,463.64. This trade represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sean Sobers sold 44,559 shares of ThredUp stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $2.58, for a total transaction of $114,962.22. Following the completion of the transaction, the chief financial officer directly owned 613,503 shares in the company, valued at approximately $1,582,837.74. This represents a 6.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 23.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in ThredUp by 634.8% in the 2nd quarter. IFP Advisors Inc now owns 7,039 shares of the company’s stock worth $48,000 after acquiring an additional 6,081 shares during the period. HB Wealth Management LLC bought a new stake in ThredUp during the second quarter valued at about $71,000. R Squared Ltd bought a new stake in ThredUp during the first quarter valued at about $34,000. Abel Hall LLC bought a new stake in ThredUp during the first quarter valued at about $39,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of ThredUp in the second quarter valued at about $86,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ThredUp

Here are the key news stories impacting ThredUp this week:

• Positive Sentiment: Q3 revenue rose 7% year over year to $88.2 million, narrowly topping estimates, while adjusted loss per share of $0.04 was slightly better than expected. Active buyers increased 16% to a record 1.82 million, and gross margin was 78.2%. ThredUp Announces Third Quarter 2026 Results
• Neutral Sentiment: Wells Fargo cut its price target from $8 to $3 but maintained an Overweight rating, signaling continued potential upside in its view despite a substantially lower valuation estimate. Wells Fargo price-target update
• Negative Sentiment: Shares fell sharply following the earnings report, despite the small estimate beats. The results and updated outlook appear to have disappointed investors, although the supplied report does not provide details of the revised forecast. ThredUp posts Q3 sales in line with estimates but stock drops
• Negative Sentiment: Northland Securities downgraded ThredUp from Outperform to Market Perform with a $2 price target, and William Blair also lowered its rating from Outperform to Market Perform. These downgrades point to reduced analyst confidence. William Blair downgrade

About ThredUp

ThredUp Inc operates an online resale platform for secondhand apparel, shoes and accessories. Through its marketplace, consumers can shop for pre-owned women’s and children’s clothing and related products, while individuals can send in unwanted items for resale through the company’s “Clean Out” service.

ThredUp manages much of the resale process, including receiving, inspecting, photographing, pricing, listing and fulfilling merchandise. The company also provides resale-as-a-service solutions that enable brands and retailers to offer or support secondhand programs, helping them participate in the growing circular fashion market.

Founded in 2009, ThredUp initially focused on children’s clothing before expanding into women’s apparel and broader fashion categories.