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SG Americas Securities LLC Increases Stake in ThredUp Inc. (NASDAQ:TDUP)


SG Americas Securities LLC has sold its interest in the shares of ThredUp Inc. (NASDAQ:TDUP – Free Report) increased 29.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The company owned 35,211 shares of the company’s stock after purchasing an additional 7,997 shares during the period. SG Americas Securities LLC’s stake in ThredUp was worth $79,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of ThredUp by 27.0% during the first quarter. Royal Bank of Canada now owns 18,577 shares of the company’s stock worth $143,000 after purchasing an additional 3,945 shares during the period. Clearbridge Investments LLC strengthened its position in ThredUp by 0.9% in the first quarter. Clearbridge Investments LLC now owns 642,656 shares of the company’s stock valued at $4,948,000 after purchasing an additional 5,503 shares during the period. Deutsche Bank AG strengthened its position in ThredUp by 20.8% in the third quarter. Deutsche Bank AG now owns 33,290 shares of the company’s stock valued at $133,000 after purchasing an additional 5,739 shares during the period. Ensign Peak Advisors Inc grew its position in ThredUp by 85.0% in the first quarter. Ensign Peak Advisors Inc now owns 12,860 shares of the company’s stock valued at $99,000 after purchasing an additional 5,910 shares during the period. Finally, Jane Street Group LLC strengthened its position in ThredUp by 6.9% in the first quarter. Jane Street Group LLC now owns 104,755 shares of the company’s stock valued at $265,000 after purchasing an additional 6,738 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s shares.

Analyst upgrades and downgrades

Several brokers responded to TDUP. Needham & Company LLC reissued a “buy” rating and a $5.00 price target on shares of ThredUp in a research report on Tuesday, March 5th. Wedbush reiterated an “outperform” rating and set a $4.00 price target on shares of ThredUp in a research note on Tuesday, March 5. The Goldman Sachs Group cut their price target on shares of ThredUp from $4.00 to $3.00 and set a “neutral” rating for the stock in a research note on Thursday, January 11th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $4.00 price target on shares of ThredUp in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $3.67.

Read our latest research report on TDUP

Buying and selling with insider information

In related news, major shareholder Gs Investment Strategies, Llc sold 30,397 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares sold at an average price of $2.13, for a total transaction of $64,745.61. Following the sale, the insider now owns 3,710,048 shares of the company’s stock, valued at $7,902,402.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this link. In the last 90 days, insiders have sold 48,168 shares of the company’s stock, valued at $100,293. Corporate insiders own 34.42% of the company’s shares.

ThredUp shares rise 1.3%

Shares of NASDAQ:TDUP opened at $1.56 on Friday. The company has a market cap of $169.77 million, a price-to-earnings ratio of -2.29 and a beta of 0.64. The company’s 50-day simple moving average is $1.90 and its 200-day simple moving average is $2.23. The company has a quick ratio of 1.02, a current ratio of 1.22 and a debt-to-equity ratio of 0.21. ThredUp Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $4.39.

ThredUp (NASDAQ:TDUP – Get Free Report) posted its latest earnings results on Monday, March 4. The company reported ($0.14) earnings per share for the quarter, missing the ($0.13) ($0.01) consensus estimate. The company had revenue of $81.39 million during the quarter, compared to analyst expectations of $80.30 million. ThredUp had a negative net margin of 22.12% and a negative return on equity of 61.27%. During the same period last year, the company earned ($0.19) earnings per share. As a group, equity research analysts predict that ThredUp Inc. will post an earnings per share of -0.46 for the current year.

ThredUp profile

(Free report)

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Through the platform, consumers can mainly buy and sell second-hand clothing, shoes and accessories. ThredUp Inc was founded in 2009 and is headquartered in Oakland, California.

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Would you like to see which other hedge funds own TDUP? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for ThredUp Inc. (NASDAQ:TDUP – Free Report).

Quarterly Institutional Ownership for ThredUp (NASDAQ:TDUP)



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