ThredUp (TDUP) Set to Announce Quarterly Earnings on Monday

ThredUp (NASDAQ:TDUP) will be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect ThredUp to post earnings of ($0.14) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

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 analysts’ consensus estimates of ($0.10) by ($0.03). The company had revenue of $79.76 million for the quarter, compared to analyst estimates of $82.58 million. ThredUp had a negative net margin of 19.47% and a negative return on equity of 63.88%. During the same quarter in the previous year, the business posted ($0.18) earnings per share. On average, analysts expect ThredUp to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ThredUp Stock Performance

NASDAQ TDUP opened at $0.55 on Friday. The business has a 50 day moving average price of $0.80 and a 200 day moving average price of $1.37. The company has a market capitalization of $61.00 million, a P/E ratio of -0.94 and a beta of 0.75. ThredUp has a 1-year low of $0.54 and a 1-year high of $3.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.06 and a quick ratio of 0.92.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company dropped 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. 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 issued a $3.00 price target on shares of ThredUp in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, ThredUp currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.33.

Insider Buying and Selling at ThredUp

In other news, Director Noam Paransky purchased 180,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $0.81 per share, for a total transaction of $145,800.00. Following the completion of the acquisition, the director now directly owns 426,444 shares in the company, valued at $345,419.64. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other ThredUp news, Director Noam Paranksy bought 90,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $0.80 per share, for a total transaction of $72,000.00. Following the completion of the purchase, the director now owns 246,444 shares of the company’s stock, valued at $197,155.20. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Noam Paransky purchased 180,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of $0.81 per share, for a total transaction of $145,800.00. Following the completion of the purchase, the director now owns 426,444 shares in the company, valued at $345,419.64. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 385,008 shares of company stock worth $308,906. Corporate insiders own 34.42% of the company’s stock.

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.