ThredUp (NASDAQ:TDUP – Get Free Report) released its earnings results on Monday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03), Zacks reports. The company had revenue of $79.76 million for the quarter, compared to analyst estimates of $82.58 million. ThredUp had a negative net margin of 20.88% and a negative return on equity of 63.62%. During the same period in the previous year, the business posted ($0.18) EPS.
ThredUp Stock Down 62.7 %
TDUP stock opened at $0.65 on Wednesday. The company has a 50 day moving average of $1.82 and a two-hundred day moving average of $1.89. The company has a market cap of $71.13 million, a price-to-earnings ratio of -1.01 and a beta of 0.79. ThredUp has a 12-month low of $0.61 and a 12-month high of $4.39. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 0.22.
Insider Activity
In related news, Director Patricia Nakache sold 45,465 shares of ThredUp stock in a transaction on Monday, July 29th. The stock was sold at an average price of $2.06, for a total transaction of $93,657.90. Following the completion of the sale, the director now owns 250,956 shares of the company’s stock, valued at $516,969.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other ThredUp news, insider Alon Rotem sold 23,042 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $2.01, for a total transaction of $46,314.42. Following the transaction, the insider now directly owns 218,348 shares of the company’s stock, valued at $438,879.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patricia Nakache sold 45,465 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $2.06, for a total value of $93,657.90. Following the completion of the transaction, the director now directly owns 250,956 shares in the company, valued at $516,969.36. The disclosure for this sale can be found here. Insiders have sold a total of 664,519 shares of company stock worth $1,312,257 in the last ninety days. Corporate insiders own 34.42% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on TDUP
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.
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