UPDATE: JMP Securities Assumes Poshmark (POSH) at Market Perform

June 1, 2022 2:21 AM EDT
Get Alerts POSH Hot Sheet
Price: $17.83 +0.06%

Rating Summary:
    2 Buy, 12 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 2 | Down: 23 | New: 24
Join SI Premium – FREE
(Updated - June 1, 2022 4:01 AM EDT)

JMP Securities analyst Nicholas Jones assumes coverage on Poshmark (NASDAQ: POSH) with a Market Perform rating.

The analyst comments "We believe POSH is well positioned to benefit from a consumer base which is saddled with more debt and is likely more cost conscious. We also view its use of social commerce as an advantage that should manifest in higher conversion rates and lower repeat CAC. POSH is currently trading at an EV/2023E Revenue multiple of 0.8x vs. peers at 1.6x. However, given its relatively slower revenue growth and lower profitability relative to the peer group, we see shares as fairly valued and look for better-than-expected profitability to move shares higher from here."

For an analyst ratings summary and ratings history on Poshmark click here. For more ratings news on Poshmark click here.

Shares of Poshmark closed at $10.93 yesterday.

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage

Related Entities

JMP Securities