How has Poshmark stock performed in the past three months?
Poshmark began trading in January and has fallen 41% over the past three months. The S&P 500 index SPX, +0.31% has gained 4.6% for the three-month period. Poshmark said it managed to grow revenue despite headwinds from Apple Inc. AAPL, +0.52% privacy changes.
What is Poshmark's IPO price?
(POSH) raised $244 million in an IPO on Thursday, January 14th 2021. The company issued 6,600,000 shares at a price of $35.00-$39.00 per share. Morgan Stanley, Goldman Sachs and Barclays acted as the underwriters for the IPO and Stifel, William Blair, Raymond James, Cowen and JMP Securities were co-managers. What is Poshmark's stock symbol?
What's the FactSet consensus for Poshmark's (Poshmark) Q4?
Poshmark is guiding for fourth-quarter revenue in the range of $80 million to $82 million. The FactSet consensus is for sales of $81.5 million.
Who bought posh stock in the last quarter?
POSH stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., and Cutler Group LP. View insider buying and selling activity for Poshmark or or view top insider-buying stocks.
Is Poshmark losing money?
GAAP net loss per share attributable to common stockholders was ($0.19), compared to ($0.25) in the fourth quarter of 2020. Cash, cash equivalents, and marketable securities were $581.5 million as of December 31, 2021 or $7.52 in cash per share.
Is Poshmark failing?
Although Poshmark ended the year with better than expected Q4 revenue growth of 22% via 7.7 million active users, its lack of full-year guidance for 2022 combined with a conservative 7% sales growth forecast for Q1 unsettled investors who drove the stock down as much as 10% in after-hours trading.
Is Poshmark stock worth buying?
Is Poshmark a buy right now? 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Poshmark in the last year. There are currently 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Poshmark stock.
Why is POSH tanking?
Poshmark Inc. stock plunged 29% in Wednesday trading after the online social seller missed sales expectations and reported a wider-than-expected loss. Poshmark shares POSH, +2.12% closed Wednesday at $17.42 , down 28.9%, with the steep decline pushing the stock even further from its IPO price of $42.
Is Poshmark going downhill?
Analysts think Poshmark will lose money in 2021 and 2022. There isn't much for investors to hang their hats on with this report. The near term trade has been to sell the online retailers that were deemed COVID-19 plays.
What is happening to Poshmark?
Although the company is continuing to grow revenues from its 80 million user base, it's still operating at a loss. Poshmark had to spend heavily on marketing and R&D to offset losses stemming from the change in Apple's (NASDAQ:AAPL) iOS data mining rules.
How high will Poshmark stock go?
Stock Price Forecast The 11 analysts offering 12-month price forecasts for Poshmark Inc have a median target of 14.00, with a high estimate of 21.00 and a low estimate of 11.00. The median estimate represents a +33.97% increase from the last price of 10.45.
Is POSH a good buy?
Out of 12 analysts, 1 (8.33%) are recommending POSH as a Strong Buy, 3 (25%) are recommending POSH as a Buy, 8 (66.67%) are recommending POSH as a Hold, 0 (0%) are recommending POSH as a Sell, and 0 (0%) are recommending POSH as a Strong Sell. What is POSH's earnings growth forecast for 2022-2024?
Will POSH stock go up?
Analyst Price Target on POSH Based on 13 Wall Street analysts offering 12 month price targets for Poshmark in the last 3 months. The average price target is $15.00 with a high forecast of $21.00 and a low forecast of $11.00. The average price target represents a 25.84% change from the last price of $11.92.
How do I quit Poshmark?
How to delete your Poshmark account using the mobile appLaunch the Poshmark app (for Android and iOS) from your device.Once opened, select the Account tab at the bottom right corner.Scroll down the menu list and select Poshmark Support Center.Next, select "Manage Account Status."Select "Delete My Account."More items...•
What happened
Shares of online apparel-resale platform Poshmark (NASDAQ: POSH) were trading lower on Wednesday. The company reported its second-quarter results after the U.S. markets closed Tuesday, and while its numbers were good, its guidance was not quite what retail investors had expected.
So what
Poshmark's second-quarter results were pretty decent, or at least better than Wall Street had expected. The company reported a loss of $0.04 per share on revenue of $81.8 million, a double beat; analysts polled by Thomson Reuters had expected a loss of $0.07 per share on revenue of $80.29 million.
Now what
These may be passing issues. In an interview with Reuters, Chandra said that he expects the effects of Apple's policy to be temporary, as Poshmark has increased its spending on alternative marketing channels including television advertising and celebrity tie-ups.
How much does Poshmark make?
Poshmark has a market capitalization of $3.14 billion and generates $262.08 million in revenue each year. The clothing resale marketplace earns $16.84 million in net income (profit) each year or $1.25 on an earnings per share basis.
When did the lock up period expire for Poshmark?
Poshmark's lock-up period expired on Tuesday, July 13th. Poshmark had issued 6,600,000 shares in its IPO on January 14th. The total size of the offering was $277,200,000 based on an initial share price of $42.00.
