Patricia Nakache Sells 22,967 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 22,967 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $2.11, for a total transaction of $48,460.37. Following the sale, the director now owns 240,438 shares of the company’s stock, valued at approximately $507,324.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Patricia Nakache also recently made the following trade(s):

• On Thursday, May 30th, Patricia Nakache sold 29,363 shares of ThredUp stock. The stock was sold at an average price of $2.08, for a total value of $61,075.04.
• On Monday, May 13th, Patricia Nakache sold 75,217 shares of ThredUp stock. The stock was sold at an average price of $2.06, for a total value of $154,947.02.
• On Friday, May 10th, Patricia Nakache sold 149,327 shares of ThredUp stock. The stock was sold at an average price of $2.05, for a total value of $306,120.35.
• On Monday, May 6th, Patricia Nakache sold 109,934 shares of ThredUp stock. The stock was sold at an average price of $1.91, for a total value of $209,973.94.
• On Friday, May 3rd, Patricia Nakache sold 300 shares of ThredUp stock. The shares were sold at an average price of $1.80, for a total value of $540.00.

ThredUp Stock Up 1.0 %

TDUP stock traded up $0.02 during midday trading on Thursday, hitting $2.05. 240,422 shares of the company’s stock were exchanged, compared to its average volume of 544,399. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 0.22. ThredUp Inc. has a 12-month low of $1.51 and a 12-month high of $4.39. The firm has a 50 day moving average price of $1.86 and a 200-day moving average price of $2.02. The stock has a market capitalization of $226.03 million, a price-to-earnings ratio of -3.20 and a beta of 0.71.

ThredUp (NASDAQ:TDUP) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). ThredUp had a negative return on equity of 63.62% and a negative net margin of 20.88%. The business had revenue of $79.59 million for the quarter, compared to analysts’ expectations of $80.28 million. On average, analysts anticipate that ThredUp Inc. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TDUP. Needham & Company LLC reissued a “buy” rating and issued a $5.00 target price on shares of ThredUp in a report on Tuesday, May 7th. Wedbush decreased their price objective on ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. Finally, Telsey Advisory Group decreased their price objective on ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, ThredUp currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.33.

Institutional Investors Weigh In On ThredUp

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its position in shares of ThredUp by 28.5% in the 3rd quarter. FMR LLC now owns 6,113,152 shares of the company’s stock worth $24,514,000 after acquiring an additional 1,355,607 shares in the last quarter. EAM Investors LLC acquired a new position in shares of ThredUp in the 3rd quarter worth approximately $2,618,000. Kent Lake Capital LLC acquired a new position in shares of ThredUp in the 3rd quarter worth approximately $2,509,000. Capital World Investors grew its position in shares of ThredUp by 6.4% in the 4th quarter. Capital World Investors now owns 8,580,000 shares of the company’s stock worth $19,305,000 after acquiring an additional 516,000 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of ThredUp by 130.3% in the 3rd quarter. Acadian Asset Management LLC now owns 742,974 shares of the company’s stock worth $2,978,000 after acquiring an additional 420,366 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

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.