thredUP (TDUP) Receives a Buy from Telsey Advisory

In a report released today, Joe Feldman from Telsey Advisory maintained a Buy rating on thredUP (TDUP – Research Report), with a price target of $4.00. The company’s shares closed yesterday at $1.60.

According to TipRanks, Feldman is a 5-star analyst with an average return of 9.4% and a 58.19% success rate. Feldman covers the Consumer Cyclical sector, focusing on stocks such as Costco, Amazon, and Best Buy Co.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for thredUP with a $4.67 average price target.

TDUP market cap is currently $174.1M and has a P/E ratio of -2.35.

Based on the recent corporate insider activity of 105 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.

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 (TDUP) Company Description:

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.