ThredUp Inc. (NASDAQ:TDUP) Director Daniel J. Nova Purchases 45,191 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Daniel J. Nova acquired 45,191 shares of ThredUp stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average price of $0.97 per share, with a total value of $43,835.27. Following the transaction, the director now owns 54,112 shares of the company’s stock, valued at $52,488.64. The trade was a 506.57 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

ThredUp Price Performance

Shares of NASDAQ TDUP opened at $1.01 on Tuesday. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.60. The firm has a fifty day moving average price of $0.81 and a 200-day moving average price of $1.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86.

Institutional Investors Weigh In On ThredUp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Blair William & Co. IL boosted its stake in shares of ThredUp by 702.7% in the first quarter. Blair William & Co. IL now owns 236,800 shares of the company’s stock worth $474,000 after acquiring an additional 207,300 shares during the period. Acadian Asset Management LLC boosted its stake in ThredUp by 2.8% in the 1st quarter. Acadian Asset Management LLC now owns 1,104,201 shares of the company’s stock worth $2,207,000 after purchasing an additional 30,259 shares during the period. Capital World Investors grew its holdings in ThredUp by 1.5% during the 1st quarter. Capital World Investors now owns 8,707,600 shares of the company’s stock valued at $17,415,000 after buying an additional 127,600 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in ThredUp during the 1st quarter valued at approximately $328,000. Finally, Price T Rowe Associates Inc. MD lifted 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 worth $45,000 after buying an additional 5,635 shares in the last quarter. 89.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

About ThredUp

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.