Needham Remains a Hold on Poshmark (POSH)

In a report released today, Anna Andreeva from Needham maintained a Hold rating on Poshmark (POSHResearch Report). The company’s shares closed yesterday at $12.88.

According to TipRanks, Andreeva is an analyst with an average return of -2.3% and a 42.59% success rate. Andreeva covers the Consumer Goods sector, focusing on stocks such as Wayfair, Overstock, and Etsy.

Currently, the analyst consensus on Poshmark is a Hold with an average price target of $14.14.

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The company has a one-year high of $30.06 and a one-year low of $8.97. Currently, Poshmark has an average volume of 1.12M.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of POSH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Poshmark Inc operates an eCommerce platform. The firm sells various items such as jackets, shoes, bags, shirts, accessories, sweaters, pants, shorts, bedding, party supplies, phone cases, sunglasses, kitchen items, and various other articles among others.

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