Poshmark flags bigger-than-expected hit from Apple privacy change, shares dive

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/19/2026

1. SPY
2. XENE
3. HUBS
4. NUE
5. RTB
6. ONON
7. AAPL
8. ACN
9. AZN
10. SPCX

Go back to Poshmark flags bigger-than-expected hit from Apple privacy change, shares dive

Poshmark (POSH): 'Soft Results' Prompt Two Analysts to Downgrade to Neutral, Shares Collapse 32% as iOS Privacy Changes Hurt Business

November 10, 2021 9:37 AM EST

Shares of Poshmark (NASDAQ: POSH) are down 32% in pre-open Wednesday after the company reported worse-than-expected Q3 results and guidance.

Poshmark reported Q3 EPS of ($0.09) to miss on the analyst estimate of ($0.07). Revenue for the quarter came in at $79.7 million versus the consensus estimate of $82.69 million.

We delivered a solid quarter and our sixth consecutive quarter of operating profitability, despite difficult comparisons and the headwinds of Apple privacy changes, and our investments in marketing accelerated Trailing-Twelve-Months Active Buyer growth. We have a long runway of growth ahead, driven by strategic investments in product... More

Poshmark (POSH) PT Lowered to $28 at Stifel

November 10, 2021 6:52 AM EST

Stifel analyst Scott Devitt lowered the price target on Poshmark (NASDAQ: POSH) to $28.00 (from $48.00) while maintaining a Buy rating.

The analyst commented, "Poshmark reported disappointing 3Q results and guided 4Q revenue and adj. EBITDA below prior forecasts. Headwinds from IDFA impacted results to a... More