Shares of ThredUp Inc. (NASDAQ:TDUP – Get Rating) have been assigned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $8.88.
Several research firms recently issued reports on TDUP. Guggenheim decreased their price objective on shares of ThredUp to $8.00 in a report on Monday, August 22nd. Morgan Stanley decreased their price objective on shares of ThredUp from $9.00 to $4.00 and set an "equal weight" rating for the company in a report on Tuesday, August 16th. KeyCorp began coverage on shares of ThredUp in a report on Wednesday, July 20th. They set a "sector weight" rating for the company. Telsey Advisory Group decreased their price objective on shares of ThredUp from $11.00 to $7.00 and set an "outperform" rating for the company in a report on Tuesday, August 16th. Finally, Piper Sandler downgraded shares of ThredUp from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $12.00 to $3.50 in a report on Friday, July 22nd.
Get ThredUp alerts:ThredUp Price Performance
ThredUp stock opened at $2.07 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.64 and a current ratio of 1.77. The firm has a market cap of $207.17 million, a PE ratio of -2.49 and a beta of 0.33. ThredUp has a twelve month low of $1.90 and a twelve month high of $23.70. The firm's 50 day moving average price is $2.57 and its two-hundred day moving average price is $4.39.
ThredUp (NASDAQ:TDUP – Get Rating) last posted its earnings results on Monday, August 15th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.07). The business had revenue of $76.42 million during the quarter, compared to the consensus estimate of $76.04 million. ThredUp had a negative return on equity of 41.55% and a negative net margin of 28.65%. The business's revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) earnings per share. On average, research analysts predict that ThredUp will post -0.88 EPS for the current fiscal year.Institutional Investors Weigh In On ThredUp
Hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd increased its position in shares of ThredUp by 52,547.6% during the 2nd quarter. Point72 Hong Kong Ltd now owns 11,056 shares of the company's stock worth $28,000 after purchasing an additional 11,035 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of ThredUp during the 2nd quarter worth about $32,000. Hardy Reed LLC acquired a new stake in shares of ThredUp during the 1st quarter worth about $48,000. Legal & General Group Plc increased its position in shares of ThredUp by 75.8% during the 2nd quarter. Legal & General Group Plc now owns 22,825 shares of the company's stock worth $57,000 after purchasing an additional 9,844 shares in the last quarter. Finally, American International Group Inc. acquired a new stake in ThredUp in the 2nd quarter valued at about $69,000. Institutional investors and hedge funds own 59.63% of the company's stock.
ThredUp Company Profile
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ThredUp Inc, together with its subsidiaries, operates online resale platforms that allows consumers to buy and sell secondhand women's and kids' apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.
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