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ThredUp stock soars to 52-week high, hits $4.04

Published 24/04/2025, 16:02
ThredUp stock soars to 52-week high, hits $4.04
TDUP
3.42%

In a remarkable turnaround, ThredUp Inc. (NASDAQ:TDUP) shares have surged to a 52-week high, reaching a price level of $4.04. According to InvestingPro data, the stock has delivered impressive returns of 488% over the past six months, with an impressive gross profit margin of 79.65%. This peak represents a significant milestone for the online resale platform, which has seen its stock price climb steadily over the past year. Investors have rallied behind ThredUp, propelling the stock to new heights and reflecting a robust 1-year change of 148.15%. While the company’s success in the growing secondhand market has caught attention, InvestingPro analysis indicates the stock is currently trading above its Fair Value, with analysts projecting continued losses this year. Get access to 13 additional ProTips and comprehensive analysis in the Pro Research Report.

In other recent news, ThredUp Inc. reported its fourth-quarter 2024 earnings, which fell short of analyst expectations. The company posted an earnings per share (EPS) of -$0.19, missing the forecasted -$0.13, and revenue reached $67.3 million, slightly below projections of $68.58 million. Despite the earnings miss, ThredUp saw a 9.5% increase in revenue year-over-year and a gross margin improvement to 80.4%. The company also announced that board member Jack Lazar will resign after the annual stockholders meeting in May 2025, as per a recent SEC filing. ThredUp has not yet named a successor for Lazar’s position on the board. Looking ahead, ThredUp forecasts 2025 revenue between $270 million and $280 million and aims for positive free cash flow. CEO James Reinhart emphasized strategic investments in AI technologies and marketing to drive future growth. Analysts from firms like Wells Fargo (NYSE:WFC) and William Blair expressed interest in the company’s marketing strategies and AI developments during the earnings call.

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