Poshmark downgraded by Stifel with a new price target
$POSH
Department/Specialty Retail Stores
Consumer Discretionary
Stifel downgraded Poshmark from Buy to Hold and set a new price target of $15.00 from $19.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/5/2022 | $17.00 → $18.00 | Overweight → Equal Weight | Barclays |
| 10/4/2022 | $14.00 → $17.50 | Outperform → Neutral | Wedbush |
| 8/15/2022 | $13.00 → $17.00 | Equal Weight → Overweight | Barclays |
| 7/28/2022 | $11.00 | Neutral | MKM Partners |
| 6/30/2022 | Outperform → Mkt Perform | Raymond James | |
| 6/1/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 4/25/2022 | $14.00 | Neutral | Goldman |
| 4/1/2022 | $19.00 → $15.00 | Buy → Hold | Stifel |
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
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
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4 - Poshmark, Inc. (0001825480) (Issuer)
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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.
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
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., 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
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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,