ThredUp Inc. (NASDAQ:TDUP) Director Sells $41,800.00 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 20,000 shares of ThredUp stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $2.09, for a total value of $41,800.00. Following the completion of the transaction, the director now owns 250,956 shares in the company, valued at $524,498.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Patricia Nakache also recently made the following trade(s):

• On Monday, July 29th, Patricia Nakache sold 45,465 shares of ThredUp stock. The shares were sold at an average price of $2.06, for a total value of $93,657.90.
• On Tuesday, July 23rd, Patricia Nakache sold 18,378 shares of ThredUp stock. The shares were sold at an average price of $2.05, for a total value of $37,674.90.
• On Thursday, July 18th, Patricia Nakache sold 63,543 shares of ThredUp stock. The shares were sold at an average price of $2.05, for a total value of $130,263.15.
• On Monday, July 15th, Patricia Nakache sold 66,996 shares of ThredUp stock. The shares were sold at an average price of $1.79, for a total value of $119,922.84.
• On Friday, July 12th, Patricia Nakache sold 119,221 shares of ThredUp stock. The shares were sold at an average price of $1.78, for a total value of $212,213.38.
• On Wednesday, July 10th, Patricia Nakache sold 400 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total value of $708.00.
• On Thursday, May 30th, Patricia Nakache sold 29,363 shares of ThredUp stock. The shares were sold at an average price of $2.08, for a total value of $61,075.04.
• On Tuesday, May 28th, Patricia Nakache sold 22,967 shares of ThredUp stock. The stock was sold at an average price of $2.11, for a total value of $48,460.37.
• On Monday, May 13th, Patricia Nakache sold 75,217 shares of ThredUp stock. The stock was sold at an average price of $2.06, for a total value of $154,947.02.
• On Friday, May 10th, Patricia Nakache sold 149,327 shares of ThredUp stock. The stock was sold at an average price of $2.05, for a total value of $306,120.35.

ThredUp Trading Up 3.4 %

Shares of ThredUp stock traded up $0.07 on Tuesday, hitting $2.10. 262,860 shares of the company’s stock traded hands, compared to its average volume of 509,625. The firm’s 50-day moving average price is $1.86 and its two-hundred day moving average price is $1.91. The stock has a market capitalization of $231.55 million, a PE ratio of -3.28 and a beta of 0.78. ThredUp Inc. has a one year low of $1.51 and a one year high of $4.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.13 and a quick ratio of 0.98.

ThredUp (NASDAQ:TDUP) last issued its earnings results on Monday, May 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The business had revenue of $79.59 million for the quarter, compared to the consensus estimate of $80.28 million. ThredUp had a negative net margin of 20.88% and a negative return on equity of 63.62%. On average, research analysts expect that ThredUp Inc. will post -0.4 EPS for the current fiscal year.

Institutional Trading of ThredUp

Institutional investors and hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp bought a new stake in shares of ThredUp during the 4th quarter valued at $35,000. Tower Research Capital LLC TRC increased its position in shares of ThredUp by 445.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 16,376 shares of the company’s stock valued at $37,000 after buying an additional 13,372 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of ThredUp by 33.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company’s stock valued at $45,000 after buying an additional 5,635 shares in the last quarter. Diversified Trust Co increased its position in shares of ThredUp by 117.3% in the 2nd quarter. Diversified Trust Co now owns 28,111 shares of the company’s stock valued at $48,000 after buying an additional 15,175 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of ThredUp by 29.4% in the 4th quarter. SG Americas Securities LLC now owns 35,211 shares of the company’s stock valued at $79,000 after buying an additional 7,997 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Analysts Set New Price Targets

TDUP has been the topic of several recent analyst reports. Wedbush reduced their target price on ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th. Needham & Company LLC restated a “buy” rating and issued a $5.00 price objective on shares of ThredUp in a research report on Tuesday, May 7th. Finally, Telsey Advisory Group dropped their price objective on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating for the company in a research report on Tuesday, May 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, ThredUp has an average rating of “Moderate Buy” and an average price target of $3.33.

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.