ThredUp (NASDAQ:TDUP) Given “Hold” Rating at Needham & Company LLC

ThredUp (NASDAQ:TDUP)‘s stock had its “hold” rating reiterated by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports.

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

ThredUp Trading Down 0.4 %

NASDAQ TDUP opened at $2.66 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The stock’s 50-day simple moving average is $1.88 and its two-hundred day simple moving average is $1.28. ThredUp has a twelve month low of $0.50 and a twelve month high of $2.75. The company has a market capitalization of $302.60 million, a price-to-earnings ratio of -4.16 and a beta of 1.75.

Insider Activity

In related news, Director Daniel J. Nova acquired 30,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of $1.21 per share, with a total value of $36,300.00. Following the completion of the purchase, the director now owns 154,142 shares in the company, valued at $186,511.82. This trade represents a 24.17 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 completion of the transaction, the director now directly owns 250,956 shares in the company, valued at approximately $444,192.12. The trade was a 14.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 160,685 shares of company stock valued at $212,238 and have sold 2,384,338 shares valued at $5,315,309. Insiders own 34.42% of the company’s stock.

Institutional Trading of ThredUp

Large investors have recently modified their holdings of the business. Marshall Wace LLP raised its position in ThredUp by 134.5% during the 4th quarter. Marshall Wace LLP now owns 1,521,138 shares of the company’s stock valued at $2,114,000 after purchasing an additional 872,357 shares during the last quarter. BloombergSen Inc. raised its holdings in shares of ThredUp by 278.9% during the fourth quarter. BloombergSen Inc. now owns 639,548 shares of the company’s stock valued at $889,000 after acquiring an additional 470,768 shares in the last quarter. Renaissance Technologies LLC lifted its stake in ThredUp by 75.2% in the fourth quarter. Renaissance Technologies LLC now owns 978,745 shares of the company’s stock worth $1,360,000 after acquiring an additional 420,012 shares during the period. Needham Investment Management LLC boosted its holdings in ThredUp by 7.2% in the third quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock valued at $5,220,000 after acquiring an additional 415,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in ThredUp during the 4th quarter valued at $521,000. 89.08% of the stock is owned by institutional investors.

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.