Poshmark - POSH Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Poshmark in the last twelve months. There are currently 10 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" POSH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in POSH, but not buy additional shares or sell existing shares.
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10 equities research analysts have issued 12-month target prices for Poshmark's shares. Their POSH share price forecasts range from $11.00 to $22.00. On average, they anticipate the company's share price to reach $15.82 in the next year. This suggests that the stock has a possible downside of 11.1%.
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Poshmark's stock was trading at $17.03 at the start of the year. Since then, POSH stock has increased by 4.5% and is now trading at $17.80.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 28th 2023.
View our POSH earnings forecast.

Poshmark, Inc. (NASDAQ:POSH) released its earnings results on Tuesday, November, 9th. The clothing resale marketplace reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. The clothing resale marketplace earned $79.65 million during the quarter, compared to analysts' expectations of $82.55 million. Poshmark had a negative trailing twelve-month return on equity of 18.44% and a negative net margin of 21.33%.

Poshmark issued an update on its third quarter 2022 earnings guidance on Friday, September, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $85.00 million-$87.00 million, compared to the consensus revenue estimate of $87.97 million.

(POSH) raised $244 million in an initial public offering on Thursday, January 14th 2021. The company issued 6,600,000 shares at $35.00-$39.00 per share. Morgan Stanley, Goldman Sachs and Barclays served as the underwriters for the IPO and Stifel, William Blair, Raymond James, Cowen and JMP Securities were co-managers.

Poshmark trades on the NASDAQ under the ticker symbol "POSH."

Poshmark's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (3.96%), Vanguard Group Inc. (3.65%), Russell Investments Group Ltd. (2.13%), Cantor Fitzgerald L. P. (1.84%), Renaissance Technologies LLC (1.55%) and State Street Corp (1.32%). Insiders that own company stock include Anan Kashyap, Ggv Capital V LLC, Hans Tung, Holdings (Private) Ltd Temasek, John Michael Mcdonald, Kapil Agrawal, Manish Chandra and Mv Management Xi, LLC.
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Shares of POSH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of POSH stock can currently be purchased for approximately $17.80.

Poshmark (NASDAQ:POSH) has a market capitalization of $1.41 billion and generates $326.01 million in revenue each year. The clothing resale marketplace earns $-98,330,000.00 in net income (profit) each year or ($0.96) on an earnings per share basis.

The company employs 750 workers across the globe.

Poshmark's mailing address is 203 REDWOOD SHORES PARKWAY 8TH FLOOR, REDWOOD CITY CA, 94065. The official website for the company is poshmark.com. The clothing resale marketplace can be reached via phone at 650-262-4771 or via email at hello@craft.co.