ThredUp Inc. (NASDAQ:TDUP) Director Daniel J. Nova Buys 45,191 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Daniel J. Nova acquired 45,191 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $0.97 per share, with a total value of $43,835.27. Following the completion of the purchase, the director now directly owns 54,112 shares in the company, valued at approximately $52,488.64. This represents a 506.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

ThredUp Trading Up 10.9 %

TDUP opened at $1.12 on Wednesday. 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 stock’s 50 day moving average price is $0.82 and its 200-day moving average price is $1.31. ThredUp Inc. has a one year low of $0.50 and a one year high of $2.60. The stock has a market cap of $127.41 million, a price-to-earnings ratio of -1.75 and a beta of 0.75.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TDUP. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research report on Wednesday, October 23rd. Telsey Advisory Group restated an “outperform” rating and set a $3.00 price target on shares of ThredUp in a report on Tuesday, October 29th. Finally, Wells Fargo & Company lowered their price target on ThredUp from $5.00 to $3.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.40.

Hedge Funds Weigh In On ThredUp

A number of large investors have recently bought and sold shares of the business. Blair William & Co. IL increased its stake in ThredUp by 285.0% in the second quarter. Blair William & Co. IL now owns 911,652 shares of the company’s stock worth $1,550,000 after purchasing an additional 674,852 shares during the period. BloombergSen Inc. purchased a new position in ThredUp in the 2nd quarter worth about $131,000. SG Americas Securities LLC increased its stake in ThredUp by 84.8% in the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock worth $29,000 after buying an additional 15,850 shares during the period. PEAK6 Investments LLC bought a new stake in ThredUp during the 1st quarter valued at about $328,000. Finally, Sei Investments Co. purchased a new stake in ThredUp in the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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.