Poshmark (POSH): 'Soft Results' Prompt Two Analysts to Downgrade to Neutral, Shares Collapse 32% as iOS Privacy Changes Hurt Business
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Poshmark (POSH) PT Lowered to $28 at Stifel
November 10, 2021 6:52 AM ESTStifel analyst Scott Devitt lowered the price target on Poshmark (NASDAQ: POSH) to $28.00 (from $48.00) while maintaining a Buy rating.
The analyst commented, "Poshmark reported disappointing 3Q results and guided 4Q revenue and adj. EBITDA below prior forecasts. Headwinds from IDFA impacted results to a... More
Poshmark (POSH) PT Lowered to $24 at Goldman Sachs
November 10, 2021 5:54 AM ESTGoldman Sachs analyst Michael Ng lowered the price target on Poshmark (NASDAQ: POSH) to $24.00 (from $43.00) while maintaining a Neutral rating.... More
Poshmark (POSH ) PT Lowered to $21 at Morgan Stanley
November 10, 2021 3:12 AM ESTMorgan Stanley analyst Lauren Schenk lowered the price target on Poshmark (NASDAQ: POSH ) to $21.00 (from $43.00) while maintaining a Equalweight rating.... More
Poshmark Inc. (POSH) Misses Q3 EPS by 2c, Offers Guidance
November 9, 2021 4:13 PM ESTPoshmark Inc. (NASDAQ: POSH) reported Q3 EPS of ($0.09), $0.02 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $79.7 million versus the consensus estimate of $82.69 million.
GUIDANCE:
Poshmark Inc. sees Q4 2021 revenue of $80-82 million, versus the consensus of $85.1... More
Poshmark flags bigger-than-expected hit from Apple privacy change, shares dive
November 9, 2021 4:02 PM EST(Reuters) - Poshmark Inc forecast holiday-quarter revenue below estimates on Tuesday due to a bigger-than-expected hit from the recent changes in Apple's privacy policy that has limited advertisers' ability to attract new customers.
Shares in Poshmark, which went public in January, fell 27% in extended trading, as it also missed third-quarter revenue estimates a day after rivals ThredUp Inc and RealReal beat expectations.
Apple Inc launched a privacy... More
