ThredUp (NASDAQ:TDUP) Sets New 12-Month Low Following Weak Earnings

ThredUp Inc. (NASDAQ:TDUP)’s share price reached a new 52-week low during mid-day trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $3.04 and last traded at $3.11, with a volume of 22228269 shares changing hands. The stock had previously closed at $6.28.

The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $90.77 million during the quarter, compared to analysts’ expectations of $90.34 million. ThredUp had a negative net margin of 6.65% and a negative return on equity of 37.54%.

Key Headlines Impacting ThredUp

Here are the key news stories impacting ThredUp this week:

• Positive Sentiment: ThredUp reported record second-quarter revenue of $90.8 million, up 17% year over year, while gross margin was 79.9% and active buyers increased 21% to 1.77 million. Cash, restricted cash and marketable securities also rose to $57.4 million. ThredUp Announces Second Quarter 2026 Results
• Positive Sentiment: Telsey Advisory Group maintained an “outperform” rating, although it lowered its price target from $7 to $6. The revised target still implies substantial upside from the current trading level. Benzinga analyst price target report
• Positive Sentiment: Analyst coverage remains broadly constructive, with ThredUp receiving a consensus “Moderate Buy” rating. ThredUp consensus analyst rating
• Neutral Sentiment: Management said it is adjusting marketing tactics to navigate a “K-shaped” economy, indicating that consumer spending patterns remain uneven across income groups. ThredUp Navigates K-Shaped Economy as Revenues Climb 17%
• Negative Sentiment: Second-quarter adjusted EPS was a loss of $0.05, missing the expected loss of $0.03, despite revenue narrowly exceeding estimates. The company remains unprofitable, with a negative net margin and return on equity. ThredUp quarterly earnings report
• Negative Sentiment: Third-quarter revenue guidance of $87 million to $89 million trailed the $93 million consensus estimate, while full-year guidance of $344.4 million to $348.4 million was below the $354.8 million consensus. The weaker outlook is the primary pressure on the stock. ThredUp 2026 outlook

Analysts Set New Price Targets

Several equities analysts recently commented on TDUP shares. Roth Capital reiterated a “buy” rating and issued a $6.50 target price on shares of ThredUp in a research note on Thursday. TD Cowen lifted their price target on ThredUp from $5.00 to $5.70 and gave the company a “buy” rating in a report on Tuesday, May 5th. Wells Fargo & Company dropped their price objective on shares of ThredUp from $10.00 to $8.00 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ThredUp in a report on Wednesday, June 24th. Finally, Telsey Advisory Group lowered their target price on shares of ThredUp from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Thursday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, ThredUp currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.55.

Insider Transactions at ThredUp

In other ThredUp news, CFO Sean Sobers sold 45,554 shares of ThredUp stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $4.43, for a total transaction of $201,804.22. Following the transaction, the chief financial officer directly owned 572,523 shares of the company’s stock, valued at $2,536,276.89. The trade was a 7.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Christopher Homer sold 61,578 shares of ThredUp stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $4.43, for a total transaction of $272,790.54. Following the transaction, the chief operating officer directly owned 1,301,843 shares in the company, valued at approximately $5,767,164.49. This trade represents a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 23.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ThredUp

Several hedge funds and other institutional investors have recently made changes to their positions in TDUP. Raymond James Financial Inc. purchased a new position in ThredUp in the second quarter valued at about $32,000. R Squared Ltd purchased a new stake in shares of ThredUp in the first quarter worth about $34,000. Quarry LP acquired a new stake in shares of ThredUp in the third quarter valued at about $37,000. Abel Hall LLC acquired a new stake in shares of ThredUp in the first quarter valued at about $39,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of ThredUp by 552.9% during the 4th quarter. Meeder Asset Management Inc. now owns 6,405 shares of the company’s stock valued at $41,000 after buying an additional 5,424 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

ThredUp Trading Down 50.5%

The firm has a fifty day moving average of $5.90 and a 200 day moving average of $4.87. The firm has a market capitalization of $401.31 million, a PE ratio of -18.29 and a beta of 2.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 0.95.

About ThredUp

ThredUp, Inc operates an online consignment and thrift platform that enables consumers to buy and sell secondhand clothing and accessories. Through its digital marketplace, the company offers curated selections of apparel for women and children, spanning a broad range of brands and styles. Sellers can order a “Clean Out Kit” to send in items they no longer wear, while buyers benefit from discounted prices and a simplified shopping experience powered by ThredUp’s in-house authentication, quality control and logistics capabilities.

In addition to its core consumer-to-consumer marketplace, ThredUp has expanded into business-to-business services with its Resale-as-a-Service (RaaS) offering.