Poshmark Inc. (NASDAQ: POSH) Fall -31.73% In Six Months, Here’s What We Should Expect Now – Marketing Sentinel
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Poshmark Inc. (NASDAQ: POSH) Fall -31.73% In Six Months, Here’s What We Should Expect Now

During the last session, Poshmark Inc. (NASDAQ:POSH)’s traded shares were 1.03 million. At the end of the trading day, the stock’s price was $11.77, reflecting an intraday gain of 4.16% or $0.47. The 52-week high for the POSH share is $48.74, that puts it down -314.1 from that peak though still a striking 23.79% gain since the share price plummeted to a 52-week low of $8.97. The company’s market capitalization is $878.04M, and the average intraday trading volume over the past 10 days was 1.07 million shares, and the average trade volume was 1.24 million shares over the past three months.

Poshmark Inc. (POSH) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.60. POSH has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.21.

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Poshmark Inc. (NASDAQ:POSH) trade information

Poshmark Inc. (POSH) registered a 4.16% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.16% in intraday trading to $11.77 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 14.16%, and it has moved by 7.10% in 30 days. Based on these gigs, the overall price performance for the year is -74.35%. The short interest in Poshmark Inc. (NASDAQ:POSH) is 5.81 million shares and it means that shorts have 5.75 day(s) to cover.

Poshmark Inc. (POSH) estimates and forecasts

Statistics show that Poshmark Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Poshmark Inc. (POSH) shares have gone down -31.73% during the last six months, with a year-to-date growth rate more than the industry average at 28.15% against -5.80. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -425.00% this quarter and then drop -133.30% in the quarter after that. In the rating firms’ projections, revenue will increase 11.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $89.83 million as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $90.36 million by the end of Sep 2022.

While earnings are projected to return -29.70% in 2022.

POSH Dividends

Poshmark Inc. is due to release its next quarterly earnings between March 09 and March 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Poshmark Inc. (NASDAQ:POSH)’s Major holders

Poshmark Inc. insiders own 2.16% of total outstanding shares while institutional holders control 108.40%, with the float percentage being 110.79%. Mayfield Xiii Management (ugp), Ltd., A Cayman Islands Exempted Co. is the largest shareholder of the company, while 160 institutions own stock in it. As of Mar 30, 2022, the company held over 15.75 million shares (or 29.42% of all shares), a total value of $199.38 million in shares.

The next largest institutional holding, with 5.97 million shares, is of Temasek Holdings (Private) Limited’s that is approximately 11.15% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $101.7 million.

Also, the Mutual Funds coming in first place with the largest holdings of Poshmark Inc. (POSH) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 1.02 million shares. This amounts to just over 1.91 percent of the company’s overall shares, with a $17.41 million market value. The same data shows that the other fund manager holds slightly less at 0.89 million, or about 1.66% of the stock, which is worth about $15.1 million.

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