Poshmark Sinks Even Deeper After Stifel Downgrade

The stock just came off its fifth-straight month of losses

Digital Content Manager
Apr 1, 2022 at 10:30 AM
facebook twitter linkedin

The shares of Poshmark Inc (NASDAQ:POSH) are down 4.3% at $12.12 this morning, following a downgrade from Stifel. The analyst lowered it rating to "hold" from "buy," and cut its price target to $15 from $19, saying that Apple's privacy changes have hindered the efficacy of the company's marketing investments and dampened its user growth while marketing costs rise.

Poshmark stock has been languishing below the $15 level since mid-February, which wasn't helped by last week's dismal earning turnout, while the 50-day moving average has also kept a lid on shares since last July. Meanwhile, POSH just logged its fifth-straight monthly loss, and it's shed more than 28% in 2022. 

There's still room for bear notes, as the 12-month consensus price target of $16.75 is a 38.7% premium to current levels. Meanwhile, four of the 14 in coverage still call the stock a "buy" or better.

Short sellers have been firmly in control. Short interest climbed 16.7% in the last two reporting periods, and now makes up 10.2% of the stock's available float, or nearly a weeks' worth of pent-up buying power. 


Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

Schaeffer's Daily Bulletin Offer


Special Offers from Schaeffer's Trading Partners