ThredUp (NASDAQ:TDUP) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of ThredUp (NASDAQ:TDUP) in a report released on Wednesday, Benzinga reports. The firm currently has a $4.00 price objective on the stock.

A number of other research analysts have also weighed in on TDUP. Needham & Company LLC reaffirmed a buy rating and set a $5.00 price objective on shares of ThredUp in a research report on Tuesday, March 5th. Wedbush restated an outperform rating and set a $4.00 price target on shares of ThredUp in a report on Tuesday, March 5th. Finally, The Goldman Sachs Group dropped their price target on shares of ThredUp from $4.00 to $3.00 and set a neutral rating on the stock in a research note on Thursday, January 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $3.67.

ThredUp Stock Performance

Shares of TDUP stock opened at $1.64 on Wednesday. The company’s fifty day moving average price is $1.83 and its 200-day moving average price is $2.14. The stock has a market cap of $178.48 million, a PE ratio of -2.41 and a beta of 0.71. The company has a current ratio of 1.22, a quick ratio of 1.02 and a debt-to-equity ratio of 0.21. ThredUp has a 12 month low of $1.52 and a 12 month high of $4.39.

ThredUp (NASDAQ:TDUP) last posted its quarterly earnings data on Monday, March 4th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). ThredUp had a negative return on equity of 61.27% and a negative net margin of 22.12%. The business had revenue of $81.39 million for the quarter, compared to the consensus estimate of $80.30 million. During the same period in the previous year, the firm earned ($0.19) EPS. On average, equities analysts expect that ThredUp will post -0.46 EPS for the current fiscal year.

Institutional Trading of ThredUp

A number of institutional investors and hedge funds have recently modified their holdings of TDUP. Acadian Asset Management LLC boosted its position in shares of ThredUp by 130.3% during the third quarter. Acadian Asset Management LLC now owns 742,974 shares of the company’s stock valued at $2,978,000 after buying an additional 420,366 shares during the last quarter. Blair William & Co. IL purchased a new stake in shares of ThredUp during the 3rd quarter valued at about $48,000. Bourgeon Capital Management LLC bought a new stake in shares of ThredUp in the third quarter worth approximately $2,783,000. Boston Partners purchased a new position in shares of ThredUp during the third quarter valued at approximately $596,000. Finally, New York State Common Retirement Fund lifted its position in ThredUp by 2,363.3% during the third quarter. New York State Common Retirement Fund now owns 30,422 shares of the company’s stock valued at $122,000 after purchasing an additional 29,187 shares during the period. 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.