ThredUp (TDUP) Projected to Post Earnings on Monday

ThredUp (NASDAQ:TDUP) will likely be announcing its earnings results after the market closes on Monday, March 3rd. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $68.95 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

ThredUp Stock Performance

TDUP opened at $2.56 on Monday. The firm has a market cap of $291.23 million, a P/E ratio of -4.00 and a beta of 1.75. ThredUp has a 52-week low of $0.50 and a 52-week high of $2.99. 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 business’s fifty day moving average is $1.99 and its 200-day moving average is $1.32.

Insider Buying and Selling at ThredUp

In related news, Director Patricia Nakache sold 41,676 shares of ThredUp stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $1.77, for a total value of $73,766.52. Following the transaction, the director now directly owns 250,956 shares of the company’s stock, valued at $444,192.12. The trade was a 14.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Nova acquired 24,897 shares of ThredUp stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of $1.47 per share, for a total transaction of $36,598.59. Following the completion of the purchase, the director now owns 303,930 shares in the company, valued at approximately $446,777.10. The trade was a 8.92 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 2,734,538 shares of company stock worth $6,314,066 over the last quarter. Corporate insiders own 34.42% of the company’s stock.

Institutional Investors Weigh In On ThredUp

An institutional investor recently raised its position in ThredUp stock. Bank of America Corp DE grew its position in ThredUp Inc. (NASDAQ:TDUP) by 42.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,456 shares of the company’s stock after purchasing an additional 23,156 shares during the quarter. Bank of America Corp DE owned approximately 0.07% of ThredUp worth $108,000 as of its most recent filing with the SEC. 89.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TDUP shares. Telsey Advisory Group increased their price target on shares of ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a report on Friday, February 14th.

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.