Poshmark is down nearly 60% since its offering. The business established fact because of its new and apparel which is used but is it well worth purchasing with this massive plunge? Patrick Ryan provides their analysis on the business and whether its a solid stock.Poshmark (POSH) was dealing at a lot more than $100 per share in mid-January.
January the stock declined to $70 by late. Though POSH popped to $78 in mid-February, it slid straight back right down to $57 later that month. POSH was in the decrease ever since, dropping all the real way below $40 as of mid-April, Meta News found.
Conduct an online look for POSH, and you may find the business was started in 2011, and its own CEO, Manish Chandra, is at the helm throughout the ten years that is ensuing. Nonetheless, your online search might also turn a Google up (NASDAQ:GOOGL) review rating of 2.3 movie stars out of 5 for the company. This score is based on 170 Google reviews. This feedback that is negative with POSH’s decreasing stock price isn’t exactly good news for POSH shareholders.
Many brokerages have also recently given reports on POSH. Cowen reduced their target cost on shares of Poshmark from $88.00 to $70.00 and set an “outperform” rating on the stock in an investigation report on, March 12th. JMP Securities began coverage on stocks of Poshmark in a written report on, February 8th. An “outperform is scheduled by them” rating and a $85.00 cost target regarding the stock. William Blair began protection on stocks of Poshmark in a written report on, February 8th.
An “outperform is placed by them” score in the stock. The Goldman Sachs Group began coverage on stocks of Poshmark in a report on, February 7th. They set a “neutral” score and a $67.00 price target in the stock. Finally, MKM Partners cut their cost target on stocks of Poshmark from $88.00 to $83.00 and set a “buy” rating regarding the stock in a written report on, March eighteenth Thursday.
One investment analyst has ranked the stock with a sell rating, four have actually released a hold rating and five have assigned a purchase rating to your company. The company currently features a consensus score of “Hold” and an price that is average of $70.38. Poshmark is down nearly 60% since its offering.