ThredUp Inc. (NASDAQ:TDUP) Director Buys 45,897 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Daniel J. Nova bought 45,897 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were bought at an average price of $1.00 per share, for a total transaction of $45,897.00. Following the completion of the transaction, the director now directly owns 124,142 shares in the company, valued at approximately $124,142. This represents a 58.66 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

ThredUp Stock Up 12.5 %

NASDAQ:TDUP opened at $1.26 on Thursday. ThredUp Inc. has a 12-month low of $0.50 and a 12-month high of $2.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The company’s 50-day moving average is $0.83 and its two-hundred day moving average is $1.31.

Institutional Trading of ThredUp

A number of hedge funds have recently added to or reduced their stakes in the business. Blair William & Co. IL boosted its position 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 last quarter. Acadian Asset Management LLC lifted its holdings in shares of ThredUp by 2.8% during the 1st quarter. Acadian Asset Management LLC now owns 1,104,201 shares of the company’s stock valued at $2,207,000 after acquiring an additional 30,259 shares in the last quarter. Capital World Investors boosted its position in ThredUp by 1.5% during the 1st quarter. Capital World Investors now owns 8,707,600 shares of the company’s stock worth $17,415,000 after purchasing an additional 127,600 shares during the period. PEAK6 Investments LLC purchased a new stake in ThredUp during the 1st quarter worth $328,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in ThredUp by 33.6% in the 1st 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. 89.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on TDUP. Telsey Advisory Group reiterated an “outperform” rating and issued a $3.00 price objective on shares of ThredUp in a research note on Tuesday, October 29th. Needham & Company LLC reissued a “hold” rating on shares of ThredUp in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company dropped their price target on ThredUp from $5.00 to $3.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.40.

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.