In the last trading session, 1.91 million shares of the ThredUp Inc (NASDAQ:TDUP) were traded, and its beta was 1.74. Most recently the company’s share price was $7.56, and it changed around -$0.44 or -5.50% from the last close, which brings the market valuation of the company to $893.95M. TDUP currently trades at a discount to its 52-week high of $8.74, offering almost -15.61% off that amount. The share price’s 52-week low was $0.50, which indicates that the current value has risen by an impressive 93.39% since then. We note from ThredUp Inc’s average daily trading volume that its 10-day average is 2.99 million shares, with the 3-month average coming to 2.65 million.
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 (NASDAQ:TDUP) trade information
Instantly TDUP has showed a red trend with a performance of -5.50% 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 8.06 on recent trading dayincreased the stock’s daily price by 6.2%. The company’s shares are currently up 375.47% year-to-date, but still up 1.48% over the last five days. On the other hand, ThredUp Inc (NASDAQ:TDUP) is -1.18% down in the 30-day period. We can see from the shorts that 4.24 million shares have been sold at a short interest cover period of 2.0 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to decrease their stock price by -89.0% from its current value. Analyst projections state that TDUP is forecast to be at a low of $2 and a high of $5.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -7.65%. ThredUp Inc earnings are expected to increase by 33.33% in 2025, but the outlook is positive 48.59% per year for the next five years.
TDUP Dividends
ThredUp Inc’s next quarterly earnings report is expected to be released on 2025-May-05.
ThredUp Inc (NASDAQ:TDUP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.44% of ThredUp Inc shares, and 60.59% of them are in the hands of institutional investors. The stock currently has a share float of 64.08%. ThredUp Inc stock is held by 146.0 institutions, with CAPITAL WORLD INVESTORS being the largest institutional investor. By 2024-06-30, it held 7.8449% of the shares, which is about 8.71 million shares worth $14.8 million.
GOLDMAN SACHS GROUP INC, with 5.377% or 5.97 million shares worth $10.15 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
