ThredUp Inc. (NASDAQ:TDUP) Shares Bought by BloombergSen Inc.

BloombergSen Inc. lifted its holdings in shares of ThredUp Inc. (NASDAQ:TDUP) by 118.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,780 shares of the company’s stock after buying an additional 91,518 shares during the period. BloombergSen Inc. owned approximately 0.15% of ThredUp worth $142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TDUP. Price T Rowe Associates Inc. MD raised its stake in ThredUp by 33.6% during 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. Rhumbline Advisers raised its stake in shares of ThredUp by 6.5% during the second quarter. Rhumbline Advisers now owns 105,057 shares of the company’s stock valued at $179,000 after purchasing an additional 6,421 shares in the last quarter. Diversified Trust Co lifted its holdings in ThredUp by 117.3% in the second 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. SG Americas Securities LLC lifted its holdings in ThredUp by 84.8% in the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock worth $29,000 after purchasing an additional 15,850 shares during the period. Finally, Bank of New York Mellon Corp grew its position in ThredUp by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 274,799 shares of the company’s stock valued at $467,000 after buying an additional 20,933 shares in the last quarter. 89.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TDUP. Wells Fargo & Company reduced their price target on shares of 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 restated a “hold” rating on shares of ThredUp in a research report on Wednesday, October 23rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $3.00 price target on shares of ThredUp in a research report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3.40.

ThredUp Stock Up 11.5 %

NASDAQ TDUP opened at $0.98 on Friday. ThredUp Inc. has a 12 month low of $0.50 and a 12 month high of $2.60. The company’s 50 day simple moving average is $0.80 and its 200 day simple moving average is $1.35. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28.

ThredUp (NASDAQ:TDUP) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The company had revenue of $79.76 million during the quarter, compared to the consensus estimate of $82.58 million. ThredUp had a negative net margin of 22.16% and a negative return on equity of 78.74%. During the same period in the prior year, the company posted ($0.18) EPS. As a group, equities research analysts anticipate that ThredUp Inc. will post -0.59 EPS for the current year.

Insider Buying and Selling

In related news, Director Noam Paransky bought 40,000 shares of ThredUp stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $0.79 per share, with a total value of $31,600.00. Following the completion of the acquisition, the director now directly owns 546,444 shares in the company, valued at approximately $431,690.76. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Noam Paransky purchased 40,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $0.79 per share, for a total transaction of $31,600.00. Following the completion of the acquisition, the director now directly owns 546,444 shares of the company’s stock, valued at $431,690.76. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Noam Paranksy acquired 90,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $0.80 per share, with a total value of $72,000.00. Following the purchase, the director now directly owns 246,444 shares in the company, valued at approximately $197,155.20. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 385,008 shares of company stock worth $308,906 in the last three months. 34.42% of the stock is currently owned by insiders.

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.