In the latest trading session, 8.71 million ThredUp Inc (NASDAQ:TDUP) shares changed hands as the company’s beta touched 1.67. With the company’s most recent per share price at $1.78 changing hands around $0.48 or 36.92% at last look, the market valuation stands at $202.48M. TDUP’s current price is a discount, trading about -35.96% off its 52-week high of $2.42. The share price had its 52-week low at $0.50, which suggests the last value was 71.91% up since then. When we look at ThredUp Inc’s average trading volume, we note the 10-day average is 0.37 million shares, with the 3-month average coming to 873.27K.
Analysts gave the ThredUp Inc (TDUP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended TDUP as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. ThredUp Inc’s EPS for the current quarter is expected to be -0.12.
ThredUp Inc (NASDAQ:TDUP) trade information
Instantly TDUP is in green as seen in intraday trades today. With action 20.27%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 28.06%, with the 5-day performance at 20.27% in the green. However, in the 30-day time frame, ThredUp Inc (NASDAQ:TDUP) is -1.11% down. Looking at the short shares, we see there were 4.89 million shares sold at short interest cover period of 8.94 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need an upside of 11.0% from its recent market value. According to analyst projections, TDUP’s forecast low is 2 with 2 as the target high. To hit the forecast high, the stock’s price needs a -12.36% plunge from its current level, while the stock would need to soar -12.36% for it to hit the projected low.
ThredUp Inc (TDUP) estimates and forecasts
Data shows that the ThredUp Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -3.26% over the past 6 months, a 8.82% in annual growth rate that is considerably higher than the industry average of -2.60%. Year-over-year growth is forecast to reach -6.54% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 76.65M. 3 analysts are of the opinion that ThredUp Inc’s revenue for the current quarter will be 70.3M. The company’s revenue for the corresponding quarters a year ago was 81.39M and 79.59M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -5.83%. The estimates for the next quarter sales put growth at -11.67%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -13.35%. The 2025 estimates are for ThredUp Inc earnings to increase by 8.74%.
TDUP Dividends
ThredUp Inc is expected to release its next quarterly earnings report in February.
ThredUp Inc (NASDAQ:TDUP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.03% of ThredUp Inc shares while 64.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.47%. There are 64.08% institutions holding the ThredUp Inc stock share, with CAPITAL WORLD INVESTORS the top institutional holder. As of 2024-06-30, the company held 7.9673% of the shares, roughly 8.71 million TDUP shares worth $14.8 million.
GOLDMAN SACHS GROUP INC holds the second largest percentage of outstanding shares, with 5.4609% or 5.97 million shares worth $10.15 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Smallcap World Fund and Needham Aggressive Growth Fund. With 8.71 shares estimated at $15.85 million under it, the former controlled 10.17% of total outstanding shares. On the other hand, Needham Aggressive Growth Fund held about 7.24% of the shares, roughly 6.2 shares worth around $11.28 million.
