Prudential Financial Inc. Has $9.22 Million Position in ThredUp Inc. $TDUP

Prudential Financial Inc. raised its holdings in ThredUp Inc. (NASDAQ:TDUP) by 3,625.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,231,088 shares of the company’s stock after buying an additional 1,198,043 shares during the quarter. Prudential Financial Inc. owned 1.04% of ThredUp worth $9,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bensler LLC acquired a new stake in shares of ThredUp during the 2nd quarter valued at about $75,000. Victory Capital Management Inc. acquired a new stake in ThredUp during the first quarter valued at approximately $25,000. Kapitalo Investimentos Ltda bought a new stake in shares of ThredUp in the 2nd quarter valued at approximately $96,000. Legal & General Group Plc raised its holdings in shares of ThredUp by 135.3% in the 2nd quarter. Legal & General Group Plc now owns 16,056 shares of the company’s stock worth $120,000 after buying an additional 9,231 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of ThredUp by 9.6% during the 2nd quarter. ProShare Advisors LLC now owns 18,658 shares of the company’s stock worth $140,000 after buying an additional 1,631 shares during the period. 89.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TDUP. Wall Street Zen cut ThredUp from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Wells Fargo & Company increased their target price on shares of ThredUp from $10.00 to $13.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 5th. Roth Capital initiated coverage on shares of ThredUp in a research report on Wednesday, October 29th. They issued a “buy” rating and a $11.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ThredUp in a research note on Tuesday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $12.00 price objective on shares of ThredUp in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.50.

Insider Transactions at ThredUp

In other news, Director Daniel J. Nova acquired 65,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were purchased at an average cost of $8.04 per share, for a total transaction of $522,600.00. Following the transaction, the director owned 368,930 shares of the company’s stock, valued at approximately $2,966,197.20. This represents a 21.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 27.00% of the company’s stock.

ThredUp Stock Up 0.5%

Shares of NASDAQ TDUP opened at $7.54 on Friday. ThredUp Inc. has a 12-month low of $1.21 and a 12-month high of $12.28. The firm’s 50-day simple moving average is $8.54 and its 200 day simple moving average is $8.67. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.26. The company has a market cap of $942.94 million, a price-to-earnings ratio of -25.12 and a beta of 1.70.

ThredUp (NASDAQ:TDUP) last announced its earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. ThredUp had a negative net margin of 12.18% and a negative return on equity of 39.20%. The company had revenue of $82.16 million during 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. On average, research analysts expect that ThredUp Inc. will post -0.56 earnings per share for the current fiscal year.

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.