In the last trading session, 1.2 million shares of the ThredUp Inc (NASDAQ:TDUP) were traded, and its beta was 1.75. Most recently the company’s share price was $2.59, and it changed around $0.1 or 4.02% from the last close, which brings the market valuation of the company to $294.64M. TDUP currently trades at a discount to its 52-week high of $2.69, offering almost -3.86% off that amount. The share price’s 52-week low was $0.50, which indicates that the current value has risen by an impressive 80.69% since then. We note from ThredUp Inc’s average daily trading volume that its 10-day average is 0.82 million shares, with the 3-month average coming to 974.30K.
ThredUp Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended TDUP as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. ThredUp Inc is expected to report earnings per share of -0.16 for the current quarter.
ThredUp Inc (NASDAQ:TDUP) trade information
Instantly TDUP has showed a green trend with a performance of 4.02% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.69 on recent trading dayincreased the stock’s daily price by 3.72%. The company’s shares are currently up 86.33% year-to-date, but still up 1.97% over the last five days. On the other hand, ThredUp Inc (NASDAQ:TDUP) is 102.34% up in the 30-day period. We can see from the shorts that 4.07 million shares have been sold at a short interest cover period of 2.83 day(s).
The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to decrease their stock price by -29.5% from its current value. Analyst projections state that TDUP is forecast to be at a low of $2 and a high of $2.
ThredUp Inc (TDUP) estimates and forecasts
The year-over-year growth rate is expected to be -6.34%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 69.6M in revenue for the current quarter. 3 analysts expect ThredUp Inc to make 70.87M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 81.39M and 79.59M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -14.49%. Forecasts for the next quarter put sales growth at -10.96%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -13.35%. ThredUp Inc earnings are expected to increase by 12.75% in 2025, but the outlook is positive 31.01% per year for the next five years.
TDUP Dividends
ThredUp Inc’s next quarterly earnings report is expected to be released in March.
ThredUp Inc (NASDAQ:TDUP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.03% of ThredUp Inc shares, and 64.26% of them are in the hands of institutional investors. The stock currently has a share float of 67.66%. ThredUp Inc stock is held by 123.0 institutions, with CAPITAL WORLD INVESTORS being the largest institutional investor. By 2024-06-30, it held 7.9673% of the shares, which is about 8.71 million shares worth $14.8 million.
GOLDMAN SACHS GROUP INC, with 5.4609% or 5.97 million shares worth $10.15 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
