Is It Worthwhile For Investors To Follow These Insider Trades On Poshmark Inc. (POSH)?

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Poshmark Inc. (NASDAQ:POSH) finished Thursday with an addition of $0.78 to close at $14.43, an upside of 5.71 percent. An average of 1,099,884 shares of common stock have been traded in the last five days. There was a gain of $0.61 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,264,061 shares traded, while the 50-day average volume stands at 1,070,796.

POSH stock has increased by 26.39% in the last month. The company shares reached their 1-month lowest point of $10.49 on 08/29/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $8.97 and a high of $27.34 in 52 weeks. It has reached a new high 1 time so far this year and lost -19.85% or -$2.56 in price. In spite of this, the price is down -47.22% from the 52-week high.


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Insider Transactions

17 days have passed since Poshmark Inc. (POSH) last reported insider trading activity. Brumana Rodrigo, who is Chief Financial Officer, most recently acquired $2,699 shares at $11.10 per share on Sep 06. In this transaction, the insider spent $29,948. Chief Operating Officer, McDonald John Michael, disposed of 4,778 shares at a price of $11.10 on Sep 06. The insider now owns more than $53,016 worth of shares. Prior to that, Chief Operating Officer McDonald John Michael went on to Sale 4,298 shares at $10.69 each on Jul 07. An amount of $45,959 was transacted.

Valuation Metrics

Poshmark Inc. (POSH) has a trailing price-to-sales (P/S) ratio at 3.30, the price-to-book (PB) ratio at 2.64.

Financial Health

The quick ratio of Poshmark Inc. for the three months ended June 29 was 2.90, and the current ratio was 2.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $274.15 million compared to revenue of $326.01 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Poshmark Inc.’s return on assets was -9.40%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$22.88 million in the quarter, while revenues were grew 86.84%. The analyst consensus anticipated Poshmark Inc.’s latest quarter earnings to come in at -$0.27 per share, but it turned out to be -$0.29, a -7.40% surprise. For the quarter, EBITDA amounted to -$21.9 million. Shareholders own equity worth $78.56 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Poshmark Inc. (POSH) price momentum. RSI 9-day as of the close on 22 September was 65.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 65.92%.

As of today, POSH’s price is $14.07 +4.40% or $0.61 from its 5-day moving average. POSH is currently trading +28.17% higher than its 20-day SMA and +16.98% higher than its 100-day SMA. However, the stock’s current price level is +44.70% above the SMA50 and -26.44% below the SMA200.

The stochastic %K and %D were 77.03% and 77.06%, respectively, and the average true range (ATR) was 0.85. With the 14-day stochastic at 88.81% and the average true range at 0.84, the RSI (14) stands at 63.12%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at 0.66.

Analyst Ratings

Barclays upgraded Poshmark Inc. (NASDAQ: POSH) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for Poshmark Inc. (POSH) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell POSH, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 1 others rate it as a “buy”.

What is POSH’s price target for the next 12 months?

Analysts predict a range of price targets between $11.00 and $17.00, with a median target of $12.50. Taking a look at these predictions, the average price target given by analysts for Poshmark Inc. (POSH) stock is $13.25.

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