ThredUp Inc. (NASDAQ:TDUP) Director Purchases $43,835.27 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Daniel J. Nova purchased 45,191 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of $0.97 per share, for a total transaction of $43,835.27. Following the acquisition, the director now owns 54,112 shares of the company’s stock, valued at approximately $52,488.64. The trade was a 506.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ThredUp Price Performance

Shares of NASDAQ TDUP traded up $0.03 during midday trading on Monday, reaching $0.95. The company’s stock had a trading volume of 108,731 shares, compared to its average volume of 665,377. ThredUp Inc. has a one year low of $0.50 and a one year high of $2.60. The company has a market cap of $104.53 million, a price-to-earnings ratio of -1.44 and a beta of 0.75. The company has a 50 day moving average price of $0.81 and a 200 day moving average price of $1.32. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On ThredUp

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. acquired a new stake in ThredUp during the 2nd quarter worth about $37,000. Price T Rowe Associates Inc. MD lifted its position in shares of 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 acquiring an additional 5,635 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in ThredUp in the 2nd quarter worth approximately $43,000. Diversified Trust Co boosted its stake in ThredUp by 117.3% in the 2nd quarter. Diversified Trust Co now owns 28,111 shares of the company’s stock worth $48,000 after purchasing an additional 15,175 shares during the period. Finally, Creekside Partners purchased a new position in ThredUp during the 2nd quarter worth approximately $51,000. 89.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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