During the last session, ThredUp Inc (NASDAQ:TDUP)’s traded shares were 0.87 million, with the beta value of the company hitting 1.81. At the end of the trading day, the stock’s price was $2.17, reflecting an intraday gain of 2.36% or $0.05. The 52-week high for the TDUP share is $2.45, that puts it down -12.9 from that peak though still a striking 76.96% gain since the share price plummeted to a 52-week low of $0.50. The company’s market capitalization is $246.86M, and the average intraday trading volume over the past 10 days was 2.45 million shares, and the average trade volume was 1.24 million shares over the past three months.
ThredUp Inc (TDUP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. TDUP has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.12.
ThredUp Inc (NASDAQ:TDUP) trade information
The stock spiked 2.36% in intraday trading to $2.17, hitting a weekly high. The stock’s 5-day price performance is 0.00%, and it has moved by 52.82% in 30 days. Based on these gigs, the overall price performance for the year is -4.41%. The short interest in ThredUp Inc (NASDAQ:TDUP) is 4.89 million shares and it means that shorts have 8.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $2, which implies a decrease of -8.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $2 respectively. As a result, TDUP is trading at a premium of 7.83% off the target high and 7.83% off the low.
ThredUp Inc (TDUP) estimates and forecasts
Statistics show that ThredUp Inc has outperformed its competitors in share price, compared to the industry in which it operates. ThredUp Inc (TDUP) shares have gone up 10.15% during the last six months, with a year-to-date growth rate more than the industry average at 17.65% against -2.70. In the rating firms’ projections, revenue will decrease -5.75% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 72.13M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 70.9M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 81.39M and 79.59M respectively. In this case, analysts expect current quarter sales to shrink by -11.38% and then drop by -10.92% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -13.35%. While earnings are projected to return 12.75% in 2025.
TDUP Dividends
ThredUp Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
ThredUp Inc (NASDAQ:TDUP)’s Major holders
ThredUp Inc insiders own 5.03% of total outstanding shares while institutional holders control 64.06%, with the float percentage being 67.45%. CAPITAL WORLD INVESTORS is the largest shareholder of the company, while 126.0 institutions own stock in it. As of 2024-06-30, the company held over 8.71 million shares (or 7.9673% of all shares), a total value of $14.8 million in shares.
The next largest institutional holding, with 5.97 million shares, is of GOLDMAN SACHS GROUP INC’s that is approximately 5.4609% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.15 million.
Also, the Mutual Funds coming in first place with the largest holdings of ThredUp Inc (TDUP) shares are Smallcap World Fund and Needham Aggressive Growth Fund . Data provided on Sep 30, 2024 indicates that Smallcap World Fund owns about 8.71 shares. This amounts to just over 10.17 percent of the company’s overall shares, with a $18.9 million market value. The same data shows that the other fund manager holds slightly less at 6.2, or about 7.24% of the stock, which is worth about $13.45 million.
