ThredUp Inc. (NASDAQ:TDUP) Director Daniel J. Nova Buys 30,000 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Daniel J. Nova acquired 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $1.67 per share, with a total value of $50,100.00. Following the acquisition, the director now directly owns 244,033 shares of the company’s stock, valued at $407,535.11. This trade represents a 14.02 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

ThredUp Trading Down 0.6 %

TDUP traded down $0.01 during mid-day trading on Tuesday, hitting $1.59. 104,393 shares of the stock were exchanged, compared to its average volume of 677,909. The firm’s fifty day moving average is $0.86 and its two-hundred day moving average is $1.29. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $2.60. The company has a market cap of $180.88 million, a PE ratio of -2.50 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Wall Street Analyst Weigh In

TDUP has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a research note on Wednesday, October 23rd. Wells Fargo & Company decreased their target price on shares of ThredUp from $5.00 to $3.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $3.00 price target on shares of ThredUp in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, ThredUp has a consensus rating of “Moderate Buy” and an average price target of $3.40.

Institutional Trading of ThredUp

Several hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its holdings in shares of ThredUp by 33.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company’s stock valued at $45,000 after purchasing an additional 5,635 shares in the last quarter. Rhumbline Advisers boosted its position in ThredUp by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 105,057 shares of the company’s stock valued at $179,000 after buying an additional 6,421 shares during the period. State Street Corp grew its stake in shares of ThredUp by 0.9% in the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after acquiring an additional 12,984 shares in the last quarter. Diversified Trust Co increased its position in shares of ThredUp by 117.3% during the second quarter. Diversified Trust Co now owns 28,111 shares of the company’s stock worth $48,000 after acquiring an additional 15,175 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of ThredUp by 84.8% during the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock worth $29,000 after acquiring an additional 15,850 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

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.