Poshmark: Initiating Coverage On Social Marketplace Leader

Sweet Minute Capital
352 Followers

Summary

  • Poshmark has had a solid Q2 financial performance with growth in revenue and other key metrics.
  • The company continues to post net losses, and other profitability metrics have worsened YoY.
  • Poshmark faces major risks facing from increased competition and a slowdown in the U.S. economy.
  • We recommend a "HOLD" on Poshmark, as we believe investors should wait until there's more clarity until starting a position.

portrait of four young woman on Berlin street

golero/E+ via Getty Images

Thesis

We are initiating coverage on Poshmark, Inc. (POSH) and are recommending a "HOLD" as we believe that there are too many risks facing the business during these uncertain economic times. The company has shown mixed financial

This article was written by

Sweet Minute Capital
352 Followers
Sweet Minute Capital produces high-quality research on contrarian investment ideas, focusing on various industries with potential for high growth of shareholder value. We strive to uncover under-appreciated stocks that are priced well below their long-term fundamental value and can generate outsized shareholder returns for the long term. The firm also specializes in producing research that focuses on easy-to-understand concepts that are accessible to all readers.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

More on POSH

Trending Analysis

Trending News