REDWOOD CITY, Calif., Aug. 9, 2021 /PRNewswire/ -- Poshmark, Inc. (NASDAQ:POSH), a leading social marketplace for new and secondhand style for women, men, kids, pets, home and more, today announced it has appointed Ebony Beckwith, Chief Philanthropy Officer at Salesforce and CEO of the Salesforce Foundation, to its board of directors, effective immediately. With the appointment of Beckwith, Poshmark's board consists of eight members. "Ebony is a natural leader with a proven track record of connecting philanthropic outcomes to business goals," said Manish Chandra, founder and C

REDWOOD CITY, Calif., Aug. 2, 2021 /PRNewswire/ -- Poshmark, Inc. (NASDAQ:POSH), a leading social marketplace for new and secondhand style for women, men, kids, pets, home and more, today announced plans to bring its simple, social, and sustainable shopping experience to India, the second most populous country and one of the fastest-growing ecommerce markets in the world. By the end of this quarter, consumers in India will be able to join Poshmark's thriving community of millions of users in the U.S., Canada and Australia to make money, save money, find human connection, and fuel entrepreneurship. The Indian market has over 622 million active internet users1 and a rapidly growing base of sus

REDWOOD CITY, Calif., March 15, 2021 /PRNewswire/ -- Poshmark, Inc. (NASDAQ: POSH), a leading social marketplace for new and secondhand style for women, men, kids, pets, home and more, today announced the appointment of William Ingham as its first Chief People Officer. In this role, Ingham will be responsible for leading all aspects of the global human resources function, including talent acquisition and retention, rewards and recognition, performance management, organizational development, compensation and benefits, employee training and culture. His first day with the company is today. Ingham brings more than 25 years of experience to the role. Most recently, Ingham was Chief HR Officer at

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Barclays downgraded Poshmark from Overweight to Equal Weight and set a new price target of $18.00 from $17.00 previously

Wedbush downgraded Poshmark from Outperform to Neutral and set a new price target of $17.50 from $14.00 previously

Barclays upgraded Poshmark from Equal Weight to Overweight and set a new price target of $17.00 from $13.00 previously

MKM Partners resumed coverage of Poshmark with a rating of Neutral and set a new price target of $11.00

Raymond James downgraded Poshmark from Outperform to Mkt Perform

JMP Securities downgraded Poshmark from Mkt Outperform to Mkt Perform

Goldman resumed coverage of Poshmark with a rating of Neutral and set a new price target of $14.00

Stifel downgraded Poshmark from Buy to Hold and set a new price target of $15.00 from $19.00 previously

Jefferies initiated coverage of Poshmark with a rating of Hold and set a new price target of $14.00

Guggenheim initiated coverage of Poshmark with a rating of Neutral and set a new price target of $22.00

Q3 Total Revenue Increased 11% Year-over-Year to $88.4 millionQ3 Gross Merchandise Value Increased 7% Year-over-Year to $475.6 millionQ3 Adjusted EBITDA was ($8.0) million with (9.0%) margins REDWOOD CITY, Calif., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Poshmark, Inc. (NASDAQ:POSH), a leading social marketplace for new and secondhand style, today announced financial results for the third quarter ended September 30, 2022.  The Company posted net revenues of $88.4 million in the third quarter of 2022, which is an 11% year-over-year increase from the third quarter of 2021.  Gross Merchandise Value ("GMV") grew 7% year-over-year from the third quarter of 2021 to $475.6 million, up from $442.5 milli

REDWOOD CITY, Calif., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Poshmark, Inc. (NASDAQ:POSH), a leading social marketplace for new and secondhand style for women, men, kids, pets, home and more, today announced it will release its third quarter 2022 financial results on Thursday, November 10, 2022, after market close. Due to the pending acquisition by Naver Corp. (KRX: 035420), Poshmark does not plan to host a conference call to discuss its third quarter results. To access the related press release, please visit Poshmark's Investor Relations website at investors.poshmark.com. About Poshmark, Inc.Poshmark is a leading social marketplace for new and secondhand style for women, men, kids, pets, hom

REDWOOD CITY, Calif., Oct. 13, 2022 (GLOBE NEWSWIRE) -- Poshmark, Inc. (NASDAQ:POSH), a leading social marketplace for new and secondhand style, today announced it has been named to Fortune's 2022 Change the World list for promoting sustainability and helping to keep items in circulation and out of landfills. "Poshmark has empowered millions of people to establish their own businesses through selling secondhand. Our impact is a direct result of our community of sellers, and how they are making the fashion system more connected, circular, and sustainable," said Manish Chandra, Founder and CEO of Poshmark. "By providing an all-in-one platform to simplify the secondhand shopping experience,

Poshmark stockholders to receive $17.90 per share in cash Acquisition expands and diversifies Naver's leading e-commerce platform, strengthens its community with a global social network of younger users, and positions it to capitalize on the global online fashion re-commerce and sustainable economy opportunity Extends Poshmark's leadership and capitalizes on changing consumer trends through new technology investments, international expansion, and category and product evolution Naver Corp. (KRX: 035420) ("Naver"), Korea's largest internet company, and Poshmark, Inc. (NASDAQ:POSH) ("Poshmark"), a leading social e-commerce marketplace for new and secondhand style, today announced that they

REDWOOD CITY, Calif., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Poshmark Inc. (NASDAQ:POSH), a leading social marketplace for new and secondhand style, today announced it has received a 10-Year Partnership Award from the U.S. Postal Service (USPS), a prestigious award celebrating the longstanding relationship between the two organizations that most notably led to the creation of PoshPost, Poshmark's no-hassle shipping service. Representatives from USPS visited Poshmark's headquarters in Redwood City, California, to officially present the 10-Year Partnership Award and meet with members of the team. USPS also recently recognized Poshmark in its 2022 Annual Sustainability Report for the role it pla

REDWOOD CITY, Calif., Aug. 15, 2022 (GLOBE NEWSWIRE) -- Poshmark, Inc. (NASDAQ:POSH), a leading social marketplace for new and secondhand style for women, men, kids, pets and home, today announced that Manish Chandra, founder and Chief Executive Officer and Rodrigo Brumana, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs 2022 Communacopia + Technology conference on September 13, 2022 at 4:30 p.m. Pacific Time. The webcast of the virtual fireside chat will be available live at investors.poshmark.com. About Poshmark, Inc.Poshmark is a leading social marketplace for new and secondhand style for women, men, kids, pets, home, and more. By combining the human c

Q2 Total Revenue Increased 9% Year-over-Year to $89.1 millionQ2 Gross Merchandise Value Increased 8% Year-over-Year to $483.5 millionQ2 Adjusted EBITDA was ($9.8) million with (11.0%) margins REDWOOD CITY, Calif., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Poshmark, Inc. (NASDAQ:POSH), a leading social marketplace for new and secondhand style, today announced financial results for the second quarter ended June 30, 2022. The Company posted net revenues of $89.1 million in the second quarter of 2022, which is a 9% year-over-year increase from the second quarter of 2021. Gross Merchandise Value ("GMV") grew 8% year-over-year from the second quarter of 2021 to $483.5 million, up from $449.6 million in

REDWOOD CITY, Calif., Aug. 04, 2022 (GLOBE NEWSWIRE) -- This back to school season, Poshmark, Inc. (NASDAQ:POSH), a leading social marketplace for new and secondhand style, is the ultimate destination for parents, students and educators seeking the best assortment of trend-right apparel, shoes and accessories to start the new school year in style without having to break the bank. "Back to school represents a fresh start and an opportunity for families, students, and educators to prepare for the school year ahead. Now more than ever, consumers are weighing the balance of stylish back to school looks that make them feel confident with a desire to make their budgets stretch further to get th

REDWOOD CITY, Calif., July 12, 2022 (GLOBE NEWSWIRE) -- Poshmark, Inc. (NASDAQ:POSH), a leading social marketplace for new and secondhand style for women, men, kids, pets, home and more, today announced it will release its second quarter 2022 financial results on Thursday, August 11, 2022, after market close. Poshmark will also host a conference call and earnings webcast at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time) on the same day to discuss the results. The call will be hosted by Manish Chandra, Founder and CEO and Rodrigo Brumana, CFO. To access the live webcast and related press release, please visit Poshmark's Investor Relations website at investors.poshmark.com. A replay of the

REDWOOD CITY, Calif., June 09, 2022 (GLOBE NEWSWIRE) -- Poshmark, Inc. (NASDAQ:POSH), a leading social marketplace for new and secondhand style, is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, according to a preliminary list of additions posted June 3. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well

Benzinga reviews this weekend's top stories covered by Barron's, here are the articles investors need to read. "Robots Are Replacing Workers Lost in the Pandemic. They’re Here to Stay," by Daren Fonda, explains how labor shortages and rising wage costs are helping spur a new generation of robots that can handle a variety of basic job tasks. In "Can Tesla Be a Value Stock? How It’s Going to Get There," Al Root writes that Tesla Inc's (NASDAQ:TSLA) stock is trading for 22 times estimated 2023 earnings (its lowest P/E ratio ever), and it's beginning to look attractive to value investors. "Love a Sale? It’s a Great Time to Buy Costco Stock," by Tereas Rivas, notes that although Costco Wholesa

Poshmark (NASDAQ:POSH) reported quarterly losses of $(0.30) per share which missed the analyst consensus estimate of $(0.28) by 7.14 percent. This is a 233.33 percent decrease over losses of $(0.09) per share from the same period last year. The company reported quarterly sales of $88.43 million which beat the analyst consensus estimate of $86.62 million by 2.09 percent. This is a 11.02 percent increase over sales of $79.65 million the same period last year.

Companies Reporting Before The Bell • IDEX Biometrics (NASDAQ:IDBA) is estimated to report earnings for its third quarter. • Wix.com (NASDAQ:WIX) is expected to report quarterly loss at $0.09 per share on revenue of $343.33 million. • ArcelorMittal (NYSE:MT) is estimated to report quarterly earnings at $1.25 per share on revenue of $18.36 billion. • Navios Maritime Partners (NYSE:NMM) is estimated to report earnings for its third quarter. • TG Therapeutics (NASDAQ:TGTX) is estimated to report earnings for its third quarter. • Dillard's (NYSE:DDS) is estimated to report earnings for its third quarter. • VerifyMe (NASDAQ:VRME) is projected to report earnings for its third quarter. • Wa

Over the past 3 months, 6 analysts have published their opinion on Poshmark (NASDAQ:POSH) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 5 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 2 0 0 According to 6 analyst offering 12-month price targets in the last 3 months, Poshmark has an average price target of $16.17 with a high of $18.00 and a low of $11.00. Below is a summary of how these 6 analysts rated Poshmark over the past 3 months. The

Morgan Stanley analyst Ricky Goldwasser maintains Poshmark (NASDAQ:POSH) with a Equal-Weight and raises the price target from $16 to $17.5.

When South Korean tech giant Naver confirmed earlier this week that it would purchase Poshmark Inc. (NASDAQ:POSH) at $17.90 per share, many observers said the offer was fair. Was it? After all, Poshmark — an Instagram-like site specializing in apparel resale — went public in 2021 at $42 a share. On Thursday, it closed at $17.80.  Here's a look at why the Redwood City, California-based company plummeted in value. See Also: 4 Analysts Have This To Say About Poshmark What Happened: Over the last three months, analysts offered 12-month price targets for Poshmark, giving it an average of $15.38 with a high of $17.50 and a low of $11. Naver's offer, generous when compared to that range, values

Upgrades For Ford Motor Co (NYSE:F), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. Ford Motor earned $0.68 in the second quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $25.87 and a 52-week-low of $10.61. Ford Motor closed at $12.36 at the end of the last trading period. For Charles Schwab Corp (NYSE:SCHW), Erste Group upgraded the previous rating of Hold to Buy. Charles Schwab earned $0.97 in the second quarter, compared to $0.70 in the year-ago quarter. The current stock performance of Charles Schwab shows a 52-week-high of $96.24 and a 52-week-low of $59.35. Moreover, at the end of the last trading period,

Barclays analyst Trevor Young downgrades Poshmark (NASDAQ:POSH) from Overweight to Equal-Weight and raises the price target from $17 to $18.

Analysts have provided the following ratings for Poshmark (NASDAQ:POSH) within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 1 0 0 In the last 3 months, 4 analysts have offered 12-month price targets for Poshmark. The company has an average price target of $15.38 with a high of $17.50 and a low of $11.00. Below is a summary of how these 4 analysts rated Poshmark over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on