ThredUp Inc. (NASDAQ:TDUP – Get Free Report) insider Alon Rotem sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $1.79, for a total value of $17,900.00. Following the completion of the sale, the insider now directly owns 241,390 shares in the company, valued at $432,088.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Alon Rotem also recently made the following trade(s):
- On Thursday, May 9th, Alon Rotem sold 10,000 shares of ThredUp stock. The shares were sold at an average price of $2.00, for a total value of $20,000.00.
ThredUp Trading Down 5.1 %
Shares of TDUP stock traded down $0.09 during mid-day trading on Tuesday, reaching $1.67. 388,067 shares of the stock traded hands, compared to its average volume of 530,527. The stock’s fifty day simple moving average is $1.85 and its two-hundred day simple moving average is $2.01. ThredUp Inc. has a 1-year low of $1.52 and a 1-year high of $4.39. The company has a market cap of $184.13 million, a price-to-earnings ratio of -2.70 and a beta of 0.81. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 0.22.
Analysts Set New Price Targets
Several analysts recently weighed in on TDUP shares. Wedbush reduced their price objective on ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price objective on shares of ThredUp in a research note on Tuesday, May 7th. Finally, Telsey Advisory Group cut their price target on ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.33.
Read Our Latest Stock Analysis on TDUP
Hedge Funds Weigh In On ThredUp
A number of hedge funds and other institutional investors have recently made changes to their positions in TDUP. Mackenzie Financial Corp acquired a new position in shares of ThredUp in the fourth quarter worth approximately $35,000. Tower Research Capital LLC TRC lifted its stake in shares of ThredUp by 445.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 16,376 shares of the company’s stock worth $37,000 after acquiring an additional 13,372 shares during the period. Johnson Investment Counsel Inc. acquired a new position in shares of ThredUp in the third quarter worth approximately $41,000. Price T Rowe Associates Inc. MD lifted its stake in shares of ThredUp by 33.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company’s stock worth $45,000 after acquiring an additional 5,635 shares during the period. Finally, Blair William & Co. IL acquired a new position in shares of ThredUp in the third quarter worth approximately $48,000. 89.08% of the stock is owned by institutional investors and hedge funds.
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.
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