TDUP Stock: More Upside for ThredUp Inc. (NASDAQ:TDUP)? – Marketing Sentinel
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TDUP Stock: More Upside for ThredUp Inc. (NASDAQ:TDUP)?

In the last trading session, 1,128,523 ThredUp Inc. (NASDAQ:TDUP) shares changed hands as the company’s beta touched 0. With the company’s per share price at $25.58 changed hands at -$2.22 or -0.08% during last session, the market valuation stood at $2.31 Billion. TDUP’s last price was a discount, traded about -24.55% off its 52-week high of $31.86. The share price had its 52-week low at $14.23, which suggests the last value was 44.37% up since then. When we look at ThredUp Inc.’s average trading volume, we note the 10-day average is 524.73 Million shares, with the 3-month average coming to 709.48 Million.

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Analysts gave the ThredUp Inc. (TDUP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.9. If we narrow down to specifics, the data shows that none out of 8 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended TDUP as a Hold, 7 felt it is a Buy and none rated the stock as Underweight. ThredUp Inc.’s EPS for the current quarter is expected to be -$0.17.


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ThredUp Inc. (NASDAQ:TDUP) trade information

The consensus price target for the stock as assigned by Wall Street analysts is $23.29, meaning bulls need a downside of -8.95% from its current market value. According to analyst projections, TDUP’s forecast low is $16 with $32 as the target high. To hit the forecast high, the stock’s price needs a +25.1% upsurge from its current level, while the stock would need to tank -37.45% for it to hit the projected low.

ThredUp Inc. (TDUP) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for ThredUp Inc. earnings to decrease by -24.8%, but the outlook for the next 5-year period is at 0% per year.

ThredUp Inc. (NASDAQ:TDUP)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.87% of ThredUp Inc. shares while 89.87% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.66%. There are 62 institutions holding the ThredUp Inc. stock share, with Park West Asset Management LLC the top institutional holder. As of Mar 30, 2021, the company held 61.35% of the shares, roughly 9.22 Million TDUP shares worth $215.01 Million.

Massachusetts Financial Services Co. holds the second largest percentage of outstanding shares, with 12.6% or 1.89 Million shares worth $44.16 Million as of Mar 30, 2021.

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Among Mutual Funds, the top two as of Mar 30, 2021 were Fidelity Growth Company Fund and Price (T.Rowe) Small Cap Stock Fund. With 515133 shares estimated at $12.02 Million under it, the former controlled 3.43% of total outstanding shares. On the other hand, Price (T.Rowe) Small Cap Stock Fund held about 3.29% of the shares, roughly 494.88 Thousand shares worth around $11.55 Million.

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