ThredUp (NASDAQ:TDUP) Receives “Hold” Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of ThredUp (NASDAQ:TDUP) in a report released on Friday,Benzinga reports.

Separately, Telsey Advisory Group raised their price objective on shares of ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th.

ThredUp Stock Down 0.4 %

TDUP opened at $2.66 on Friday. The company has a 50 day moving average of $1.88 and a 200 day moving average of $1.29. ThredUp has a 12 month low of $0.50 and a 12 month high of $2.75. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.

Insider Buying and Selling at ThredUp

In other news, Director Daniel J. Nova purchased 45,897 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $1.00 per share, with a total value of $45,897.00. Following the acquisition, the director now directly owns 124,142 shares in the company, valued at approximately $124,142. This trade represents a 58.66 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patricia Nakache sold 41,676 shares of ThredUp stock in a transaction on Monday, December 9th. The stock was sold at an average price of $1.77, for a total transaction of $73,766.52. Following the sale, the director now directly owns 250,956 shares of the company’s stock, valued at $444,192.12. This represents a 14.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 160,685 shares of company stock valued at $212,238 and sold 2,384,338 shares valued at $5,315,309. Insiders own 34.42% of the company’s stock.

Institutional Trading of ThredUp

A number of hedge funds have recently made changes to their positions in the stock. Northern Trust Corp lifted its holdings in shares of ThredUp by 13.0% during the 4th quarter. Northern Trust Corp now owns 733,725 shares of the company’s stock worth $1,020,000 after acquiring an additional 84,353 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of ThredUp by 134.5% during the 4th quarter. Marshall Wace LLP now owns 1,521,138 shares of the company’s stock worth $2,114,000 after acquiring an additional 872,357 shares during the last quarter. PEAK6 LLC bought a new stake in shares of ThredUp during the 4th quarter worth $228,000. XTX Topco Ltd bought a new stake in shares of ThredUp during the 4th quarter worth $105,000. Finally, Barclays PLC lifted its holdings in shares of ThredUp by 14.7% during the 4th quarter. Barclays PLC now owns 119,325 shares of the company’s stock worth $166,000 after acquiring an additional 15,307 shares during the last quarter. 89.08% of the stock is owned by institutional investors.

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.