Los Angeles Capital Management LLC Invests $848,000 in ThredUp Inc. $TDUP
Los Angeles Capital Management LLC invested $848,000 in ThredUp Inc. during Q2, purchasing 113,210 shares. This represents 0.10% ownership of ThredUp. Other institutional investors also increased their holdings. ThredUp's stock performance and insider activities were highlighted, with notable transactions by directors. ThredUp reported Q3 earnings with a slight beat on EPS and revenue. Analysts have issued positive ratings and price targets for ThredUp.
Los Angeles Capital Management LLC purchased a new position in shares of ThredUp Inc. (NASDAQ:TDUP - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 113,210 shares of the company's stock, valued at approximately $848,000. Los Angeles Capital Management LLC owned about 0.10% of ThredUp at the end of the most recent reporting period.
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Several other institutional investors have also recently bought and sold shares of TDUP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ThredUp by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,705 shares of the company's stock worth $115,000 after purchasing an additional 2,034 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of ThredUp by 7.6% in the first quarter. Cubist Systematic Strategies LLC now owns 37,516 shares of the company's stock valued at $90,000 after buying an additional 2,659 shares during the last quarter. Rhumbline Advisers lifted its position in ThredUp by 3.0% during the 1st quarter. Rhumbline Advisers now owns 100,182 shares of the company's stock worth $241,000 after buying an additional 2,928 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in ThredUp by 15.9% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 23,914 shares of the company's stock worth $58,000 after acquiring an additional 3,285 shares during the last quarter. Finally, Diker Management LLC increased its position in ThredUp by 5.6% in the 1st quarter. Diker Management LLC now owns 125,155 shares of the company's stock valued at $302,000 after acquiring an additional 6,655 shares in the last quarter. Institutional investors own 89.08% of the company's stock.
Insider Activity
In other news, Director Daniel J. Nova purchased 65,000 shares of the business's stock in a transaction that occurred on Wednesday, November 5th. The shares were acquired at an average cost of $8.04 per share, for a total transaction of $522,600.00. Following the transaction, the director directly owned 368,930 shares of the company's stock, valued at approximately $2,966,197.20. The trade was a 21.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Coretha M. Rushing sold 105,000 shares of ThredUp stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $10.82, for a total transaction of $1,136,100.00. Following the transaction, the director directly owned 148,197 shares in the company, valued at $1,603,491.54. The trade was a 41.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 27.00% of the company's stock.
ThredUp Price Performance
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Shares of TDUP stock opened at $7.47 on Friday. The firm's 50 day moving average price is $9.29 and its two-hundred day moving average price is $8.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.92 and a current ratio of 0.92. ThredUp Inc. has a 52-week low of $0.86 and a 52-week high of $12.28. The stock has a market cap of $934.81 million, a PE ratio of -24.90 and a beta of 1.70.
ThredUp (NASDAQ:TDUP - Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. ThredUp had a negative return on equity of 39.20% and a negative net margin of 12.18%.The company had revenue of $82.16 million for the quarter, compared to the consensus estimate of $77.34 million. ThredUp has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that ThredUp Inc. will post -0.56 EPS for the current year.
Wall Street Analysts Forecast Growth
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A number of equities analysts have recently issued reports on TDUP shares. Northland Capmk upgraded shares of ThredUp to a "strong-buy" rating in a research report on Monday, July 21st. Northland Securities set a $14.00 price objective on ThredUp in a report on Tuesday, August 5th. Wall Street Zen raised ThredUp from a "hold" rating to a "buy" rating in a research note on Saturday, November 1st. Telsey Advisory Group restated an "outperform" rating and set a $12.00 target price on shares of ThredUp in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company upped their price target on ThredUp from $10.00 to $13.00 and gave the company an "overweight" rating in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.50.
Check Out Our Latest Research Report on ThredUp
ThredUp Company Profile
(Free Report)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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Want to see what other hedge funds are holding TDUP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ThredUp Inc. (NASDAQ:TDUP - Free Report).
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