Patricia Nakache Sells 149,327 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUPGet Free Report) Director Patricia Nakache sold 149,327 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $2.05, for a total value of $306,120.35. Following the completion of the sale, the director now owns 240,438 shares in the company, valued at $492,897.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, May 13th, Patricia Nakache sold 75,217 shares of ThredUp stock. The shares were sold at an average price of $2.06, for a total transaction of $154,947.02.
  • On Monday, May 6th, Patricia Nakache sold 109,934 shares of ThredUp stock. The shares were sold at an average price of $1.91, for a total transaction of $209,973.94.
  • On Friday, May 3rd, Patricia Nakache sold 300 shares of ThredUp stock. The stock was sold at an average price of $1.80, for a total transaction of $540.00.

ThredUp Stock Up 2.5 %

Shares of NASDAQ TDUP opened at $2.04 on Thursday. ThredUp Inc. has a 1 year low of $1.52 and a 1 year high of $4.39. The firm’s 50-day moving average is $1.82 and its 200-day moving average is $2.07. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $224.93 million, a PE ratio of -3.19 and a beta of 0.71.

ThredUp (NASDAQ:TDUPGet Free Report) last issued its earnings results on Monday, March 4th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). ThredUp had a negative net margin of 20.88% and a negative return on equity of 63.62%. The business had revenue of $81.39 million for the quarter, compared to the consensus estimate of $80.30 million. During the same quarter in the previous year, the firm posted ($0.19) EPS. Equities analysts expect that ThredUp Inc. will post -0.4 EPS for the current year.

Hedge Funds Weigh In On ThredUp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDUP. FMR LLC boosted its stake in ThredUp by 28.5% during 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 during the last quarter. Bourgeon Capital Management LLC acquired a new position in shares of ThredUp in the 3rd quarter valued at $2,783,000. EAM Investors LLC bought a new stake in shares of ThredUp in the 3rd quarter valued at $2,618,000. Kent Lake Capital LLC acquired a new stake in ThredUp during the 3rd quarter worth $2,509,000. Finally, Capital World Investors lifted its holdings in ThredUp by 6.4% during the fourth 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. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

TDUP has been the topic of a number of research analyst reports. Telsey Advisory Group decreased their price target on ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Wedbush cut their price target on ThredUp from $4.00 to $3.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $5.00 price objective on shares of ThredUp in a research report on Tuesday, May 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3.33.

Get Our Latest Stock Analysis on TDUP

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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