In a report released yesterday, Scott Devitt from Stifel Nicolaus maintained a Hold rating on Poshmark (POSH – Research Report), with a price target of $14.00. The company’s shares closed yesterday at $12.88.
According to TipRanks, Devitt is a 5-star analyst with an average return of 9.8% and a 45.95% success rate. Devitt covers the Consumer Goods sector, focusing on stocks such as Amazon, Carvana Co, and Vroom.
The word on The Street in general, suggests a Hold analyst consensus rating for Poshmark with a $14.14 average price target, which is a 9.78% upside from current levels. In a report released on July 27, MKM Partners also initiated coverage with a Hold rating on the stock with a $11.00 price target.
POSH market cap is currently $993M and has a P/E ratio of -25.16.
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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