Shares of Poshmark have moved 0.1% Friday, and are now trading at a price of $17.87. In contrast, the S&P 500 index posted a 0.6% performance. Today's trading volume is 471,305 compared to the stock's average volume of 2,252,678.
Poshmark, Inc. operates as a social marketplace for new and secondhand style products in the United States, Canada, India, and Australia. Based in Redwood City, United States the company has 750 full time employees and a market cap of $1,415,634,560.
The company is now trading 3.47% away from its average analyst target price of $17.27 per share. The 7 analysts following the stock have set target prices ranging from $12 to $20, and on average give Poshmark a rating of hold.
Over the last year, POSH shares have gone down by -3.6%, which represents a difference of 16.2% when compared to the S&P 500. The stock's 52 week high is $18.89 per share and its 52 week low is $8.97. With its gross margins declining an average -0.2% over the last four years, Poshmark may not have a strong enough business to reverse this trend.
| Date Reported | Revenue ($ MM) | Cost of Revenue ($ MM) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2021-12-31 | 326 | 52 | 84.09 | 0.83 |
| 2020-12-31 | 262 | 44 | 83.4 | 0.05 |
| 2019-12-31 | 205 | 34 | 83.36 | -1.47 |
| 2018-12-31 | 148 | 23 | 84.6 | n/a |
