In the last trading session, 1.65 million ThredUp Inc (NASDAQ:TDUP) shares changed hands as the company’s beta touched 1.34. With the company’s per share price at $2.95 changed hands at $0.14 or 4.98% during last session, the market valuation stood at $342.78M. TDUP’s last price was a discount, traded about -1.36% off its 52-week high of $2.99. The share price had its 52-week low at $0.50, which suggests the last value was 83.05% up since then. When we look at ThredUp Inc’s average trading volume, we note the 10-day average is 0.7 million shares, with the 3-month average coming to 998.85K.
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 -0.06.
ThredUp Inc (NASDAQ:TDUP) trade information
Instantly TDUP was in green as seen at the end of in last trading. With action 19.92%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 112.23%, with the 5-day performance at 19.92% in the green. However, in the 30-day time frame, ThredUp Inc (NASDAQ:TDUP) is 27.16% up. Looking at the short shares, we see there were 3.68 million shares sold at short interest cover period of 5.19 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need a downside of -47.5% from its current 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 32.2% surge from its current level, while the stock would need to tank 32.2% for it to hit the projected low.
ThredUp Inc (TDUP) estimates and forecasts
Year-over-year growth is forecast to reach 5.46% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 67.54M. 5 analysts are of the opinion that ThredUp Inc’s revenue for the current quarter will be 70.41M. The company’s revenue for the corresponding quarters a year ago was 79.59M and 79.75M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -15.14%. The estimates for the next quarter sales put growth at -11.71%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -7.65%. The 2025 estimates are for ThredUp Inc earnings to increase by 32.21%, but the outlook for the next 5-year period is at 10.28% per year.
TDUP Dividends
ThredUp Inc is expected to release its next quarterly earnings report on 2025-Mar-02.
ThredUp Inc (NASDAQ:TDUP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.33% of ThredUp Inc shares while 56.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 59.60%. There are 56.42% institutions holding the ThredUp Inc stock share, with CAPITAL WORLD INVESTORS the top institutional holder. As of 2024-06-30, the company held 7.8449% 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 Dec 31, 2024 were SMALLCAP WORLD FUND INC and Needham Funds Inc-Needham Aggressive Growth Fund . With 8.71 shares estimated at $25.69 million under it, the former controlled 9.40% of total outstanding shares. On the other hand, Needham Funds Inc-Needham Aggressive Growth Fund held about 6.87% of the shares, roughly 6.37 shares worth around $18.78 million.
