POSH Stock Recent News

The e-commerce stock got a boost from an analyst upgrade.

Poshmark Inc (NASDAQ: POSH) is up more than 15% this morning after a Barclays analyst said the stock will do well in a recessionary environment.

Poshmark Inc (NASDAQ:POSH) is rebounding from Friday's post-earnings slide , up 14.6% at $13.52 at last glance.

Shares of Poshmark Inc. POSH, -8.39% were rising more than 5% in premarket trading Monday after Barclays analyst Trevor Young assumed coverage of the fashion-marketplace stock and lifted Barclays' rating on the name to overweight from equal weight. "Admittedly, POSH isn't out of the woods yet on navigating ad-targeting post IDFA [Apple's privacy-related changes to ad tracking], and marketing continues to ramp as a % of revenue, pressuring Ebitda [earnings before interest, taxes, depreciation and amortization] back into negative territory," Young wrote, but he sees positives in the business as well.

Poshmark CEO Manish Chandra joins Bloomberg's Ed Ludlow to break down the company's quarterly earnings missing estimates. Also, his thoughts on the rise as retail as a service, and rising consumer sentiment in this inflationary environment.

Profits came up short of expectations, but within guidance.

Yahoo Finance Live anchors Brian Cheung and Brian Sozzi discuss second-quarter earnings for Poshmark.

The shares of Poshmark Inc (NASDAQ:POSH) are traveling lower today, following the digital secondhand retailer's second-quarter earnings report.

Social commerce marketplace Poshmark said growing demand from budget-minded consumers at both ends of the economic spectrum drove a 14% increase in its customer base last quarter to a record 8 million active users.

Poshmark, Inc. (NASDAQ:POSH ) Q2 2022 Earnings Conference Call August 11, 2022 4:45 PM ET Company Participants Christine Chen - Head, IR Manish Chandra - Founder, Chairman and CEO Rodrigo Brumana - CFO Conference Call Participants Lauren Schenk - Morgan Stanley Alexandra Steiger - Goldman Sachs Oliver Chen - Cowen and Company Trevor Young - Barclays Ralph Schackart - William Blair Rick Patel - Raymond James Ashley Helgans - Jeffries Anna Andreeva - Needham Tom Nikic - Wedbush Securities Nick Jones - JMP securities David Bellinger - MKM Partners Operator Good afternoon and welcome to the Poshmark Second Quarter 2022 Earnings Conference Call. Please note, today's conference is being recorded.