Piper Sandler analyst Edward Yruma maintained a Hold rating on thredUP (TDUP – Research Report) today and set a price target of $3.00. The company’s shares closed yesterday at $3.22.
Yruma covers the Consumer Cyclical sector, focusing on stocks such as Etsy, FIGS, and Revolve Group. According to TipRanks, Yruma has an average return of 10.9% and a 49.65% success rate on recommended stocks.
Currently, the analyst consensus on thredUP is a Moderate Buy with an average price target of $3.75.
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TDUP market cap is currently $326.2M and has a P/E ratio of -3.54.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TDUP in relation to earlier this year. Most recently, in May 2023, Nakache Patricia, a Director at TDUP sold 319.00 shares for a total of $955.90.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ThredUp Inc is an online resale platform for women and kids apparel, shoes, and accessories. It generates revenue from items that are sold to buyers through the website, mobile app, and RaaS partners.
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