Wed Sep 25 08:20:48 UTC 2024: ## ThredUp Stock Receives “Moderate Buy” Rating Amid Mixed Analyst Opinions

**Oakland, CA** – ThredUp Inc. (NASDAQ:TDUP), the online platform for buying and selling secondhand clothing, has received a “Moderate Buy” rating from analysts, according to MarketBeat. While four analysts recommend buying the stock, two suggest holding. The average 1-year price target among analysts is $3.33.

This rating comes after a period of mixed news for ThredUp. The company missed revenue estimates in its latest earnings report, reporting $79.76 million in revenue compared to the expected $82.58 million. Despite this, analysts remain cautiously optimistic, forecasting a loss of $0.54 per share for the current fiscal year.

Further complicating the picture, insider trading activity has been mixed. Director Noam Paransky recently purchased 40,008 shares of the company’s stock, while Director Patricia Nakache sold 119,221 shares. Overall, insiders have bought more shares than they have sold in the past 90 days.

Large institutional investors have also shown interest in ThredUp, with several increasing their holdings in the second quarter. Notably, Squarepoint Ops LLC increased its stake by 72.6% and Marshall Wace LLP increased its stake by 37.4%.

Despite the recent earnings miss and mixed analyst opinions, ThredUp continues to operate in a growing market. The company’s online platform offers a convenient way for consumers to buy and sell used clothing, appealing to both environmental and budget-conscious shoppers.

While analysts remain cautious, their “Moderate Buy” rating suggests potential for growth in ThredUp’s stock price. The company’s ability to capitalize on the growing secondhand market will be crucial to its future success.

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