Taking on analysts’ expectations and winning: ThredUp Inc (TDUP)

With 0.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.7 million shares. The 52-week range on TDUP shows that it touched its highest point at $4.39 and its lowest point at $1.32 during that stretch. It currently has a 1-year price target of $3.88. Beta for the stock currently stands at 0.63.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TDUP was down-trending over the past week, with a drop of -2.70%, but this was down by -4.81% over a month. Three-month performance dropped to -13.54% while six-month performance fell -51.23%. The stock gained 8.79% in the past year, while it has lost -12.00% so far this year. A look at the trailing 12-month EPS for TDUP yields -0.74 with Next year EPS estimates of -0.42. For the next quarter, that number is -0.13. This implies an EPS growth rate of 26.61% for this year and 38.23% for next year.

Float and Shares Shorts:

At present, 107.25 million TDUP shares are outstanding with a float of 74.29 million shares on hand for trading. On Jan 11, 2024, short shares totaled 6.77 million, which was 6.31% higher than short shares on Dec 14, 2023. In addition to Mr. James G. Reinhart as the firm’s Co-Founder, CEO & Director, Mr. Christopher Homer serves as its Co-Founder & COO.

Institutional Ownership:

Through their ownership of 88.55% of TDUP’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TDUP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TDUP analysts setting a high price target of $5.00 and a low target of $3.00, the average target price over the next 12 months is $3.88. Based on these targets, TDUP could surge 152.53% to reach the target high and rise by 51.52% to reach the target low. Reaching the average price target will result in a growth of 95.96% from current levels.

Summary of Insider Activity:

Insiders traded TDUP stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 109 while that of sell transactions has risen to 80 over the past year. The total number of shares bought during that period was 2,853,239 while 1,670,610 shares were sold.