ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Daniel J. Nova acquired 24,897 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $1.47 per share, with a total value of $36,598.59. Following the transaction, the director now directly owns 303,930 shares in the company, valued at $446,777.10. The trade was a 8.92 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
ThredUp Price Performance
Shares of TDUP stock opened at $1.73 on Tuesday. ThredUp Inc. has a one year low of $0.50 and a one year high of $2.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86. The stock has a fifty day moving average price of $0.91 and a 200 day moving average price of $1.28. The stock has a market cap of $196.80 million, a P/E ratio of -2.73 and a beta of 0.75.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on TDUP. Wells Fargo & Company cut their price target on ThredUp from $5.00 to $3.00 and set an "overweight" rating for the company in a report on Tuesday, August 6th. Telsey Advisory Group reissued an "outperform" rating and issued a $3.00 price target on shares of ThredUp in a report on Tuesday, October 29th. Finally, Needham & Company LLC restated a "hold" rating on shares of ThredUp in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, ThredUp has an average rating of "Moderate Buy" and a consensus target price of $3.40.
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Hedge Funds Weigh In On ThredUp
A number of hedge funds have recently made changes to their positions in TDUP. Blair William & Co. IL boosted its position in shares of ThredUp by 285.0% during the 2nd quarter. Blair William & Co. IL now owns 911,652 shares of the company's stock valued at $1,550,000 after acquiring an additional 674,852 shares in the last quarter. BloombergSen Inc. acquired a new stake in ThredUp during the second quarter valued at approximately $131,000. SG Americas Securities LLC grew its stake in shares of ThredUp by 84.8% in the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company's stock valued at $29,000 after purchasing an additional 15,850 shares during the period. Sei Investments Co. acquired a new position in shares of ThredUp in the 2nd quarter worth approximately $37,000. Finally, Bank of New York Mellon Corp lifted its position in shares of ThredUp by 8.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 274,799 shares of the company's stock worth $467,000 after buying an additional 20,933 shares during the period. Institutional investors and hedge funds own 89.08% of the company's stock.
About ThredUp
(
Get Free Report)
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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