ThredUp (NASDAQ:TDUP – Get Free Report) issued its earnings results on Monday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03), Zacks reports. The firm had revenue of $79.76 million during the quarter, compared to the consensus estimate of $82.58 million. ThredUp had a negative return on equity of 63.62% and a negative net margin of 20.88%. During the same period last year, the business earned ($0.18) earnings per share.
ThredUp Stock Performance
ThredUp stock traded up $0.10 during mid-day trading on Wednesday, hitting $0.74. 2,416,332 shares of the company’s stock traded hands, compared to its average volume of 571,451. ThredUp has a fifty-two week low of $0.61 and a fifty-two week high of $4.39. The stock has a market cap of $81.96 million, a price-to-earnings ratio of -1.20 and a beta of 0.79. The firm has a 50 day simple moving average of $1.82 and a two-hundred day simple moving average of $1.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.13 and a quick ratio of 0.98.
Insider Buying and Selling at ThredUp
In other ThredUp news, Director Patricia Nakache sold 45,465 shares of ThredUp stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $2.06, for a total value of $93,657.90. Following the completion of the sale, the director now owns 250,956 shares in the company, valued at approximately $516,969.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Patricia Nakache sold 45,465 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $2.06, for a total transaction of $93,657.90. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at approximately $516,969.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alon Rotem sold 23,042 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $2.01, for a total value of $46,314.42. Following the completion of the transaction, the insider now owns 218,348 shares in the company, valued at approximately $438,879.48. The disclosure for this sale can be found here. Insiders have sold a total of 664,519 shares of company stock valued at $1,312,257 in the last three months. 34.42% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on ThredUp
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.
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