ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Daniel J. Nova purchased 45,897 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $1.00 per share, with a total value of $45,897.00. Following the purchase, the director now owns 124,142 shares of the company's stock, valued at $124,142. This represents a 58.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NASDAQ TDUP traded up $0.05 during mid-day trading on Tuesday, hitting $1.06. The company's stock had a trading volume of 61,120 shares, compared to its average volume of 669,103. The company's 50 day simple moving average is $0.81 and its 200 day simple moving average is $1.31. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96.
A number of institutional investors and hedge funds have recently made changes to their positions in TDUP. Blair William & Co. IL boosted its stake in ThredUp by 285.0% during the 2nd quarter. Blair William & Co. IL now owns 911,652 shares of the company's stock valued at $1,550,000 after purchasing an additional 674,852 shares during the last quarter. BloombergSen Inc. purchased a new position in shares of ThredUp during the second quarter valued at approximately $131,000. SG Americas Securities LLC grew its holdings in ThredUp by 84.8% during the third 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 in the last quarter. PEAK6 Investments LLC bought a new stake in ThredUp during the first quarter worth $328,000. Finally, Sei Investments Co. purchased a new stake in ThredUp in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 89.08% of the company's stock.
A number of research analysts recently issued reports on TDUP shares. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price target on ThredUp from $5.00 to $3.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 6th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $3.00 target price on shares of ThredUp in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $3.40.
Read Our Latest Stock Analysis on 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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