ThredUp Inc (NASDAQ:TDUP)’s traded shares stood at 0.49 million during the last session, with the company’s beta value hitting 0.79. At the close of trading, the stock’s price was $0.82, to imply an increase of 9.23% or $0.07 in intraday trading. The TDUP share’s 52-week high remains $4.18, putting it -409.76% down since that peak but still an impressive 25.61% since price per share fell to its 52-week low of $0.61. The company has a valuation of $91.83M, with an average of 0.82 million shares in intraday trading volume over the past 10 days and average of 741.63K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for ThredUp Inc (TDUP), translating to a mean rating of 1.20. Of 6 analyst(s) looking at the stock, 0 analyst(s) give TDUP a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.14.
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ThredUp Inc (NASDAQ:TDUP) trade information
After registering a 9.23% upside in the last session, ThredUp Inc (TDUP) has traded red over the past five days. The 5-day price performance for the stock is 26.94%, and -59.77% over 30 days. With these gigs, the year-to-date price performance is -63.70%. Short interest in ThredUp Inc (NASDAQ:TDUP) saw shorts transact 5.56 million shares and set a 15.87 days time to cover.
The extremes give us $3 and $5 for target low and target high price respectively. As such, TDUP has been trading -509.76% off suggested target high and -265.85% from its likely low.
ThredUp Inc (TDUP) estimates and forecasts
Looking at statistics comparing ThredUp Inc share performance against respective industry, we note that the company has outperformed competitors. ThredUp Inc (TDUP) shares are -57.46% down over the last 6 months, with its year-to-date growth rate higher than industry average at 20.59% against 4.60%. Revenue is forecast to grow 17.60% this quarter before jumping 7.10% for the next one. The rating firms project that company’s revenue will shrink -6.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 69.78M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 70.7M.Earnings reports from the last fiscal year show that sales brought in 83.03M and 81.39M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -16.00% before dropping -13.10% in the following quarter.
TDUP Dividends
ThredUp Inc has its next earnings report out in September. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
ThredUp Inc (NASDAQ:TDUP)’s Major holders
ThredUp Inc insiders hold 3.99% of total outstanding shares, with institutional holders owning 73.37% of the shares at 76.42% float percentage. In total, 73.37% institutions holds shares in the company, led by CAPITAL WORLD INVESTORS. As of 2024-06-30, the company held over 8.71 million shares (or 7.9673% of shares), all amounting to roughly $14.8 million.
The next major institution holding the largest number of shares is GOLDMAN SACHS GROUP INC with 5.97 million shares, or about 5.4609% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $10.15 million.
We also have Smallcap World Fund and Needham Aggressive Growth Fund as the top two Mutual Funds with the largest holdings of the ThredUp Inc (TDUP) shares. Going by data provided on Mar 31, 2024 , Smallcap World Fund holds roughly 8.71 shares. This is just over 11.04% of the total shares, with a market valuation of $7.11 million. Data from the same date shows that the other fund manager holds a little less at 5.79, or 7.33% of the shares, all valued at about 4.72 million.
