The RealReal (NASDAQ:REAL) announced its earnings results on Sunday. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.08), MarketWatch Earnings reports. The RealReal had a negative net margin of 46.90% and a negative return on equity of 48.99%. The company had revenue of $84.59 million for the quarter, compared to analysts’ expectations of $93.89 million. During the same period in the prior year, the company earned ($0.17) earnings per share. The company’s revenue for the quarter was down 9.8% on a year-over-year basis.
Shares of NASDAQ:REAL traded down $3.78 during midday trading on Tuesday, reaching $24.83. The company had a trading volume of 7,138,950 shares, compared to its average volume of 3,042,424. The company has a quick ratio of 3.46, a current ratio of 3.62 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average price is $25.84 and its 200 day moving average price is $18.29. The stock has a market cap of $2.20 billion, a PE ratio of -14.87 and a beta of 3.33. The RealReal has a 1-year low of $5.00 and a 1-year high of $30.22.
Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded The RealReal from a “hold” rating to a “sell” rating in a report on Saturday, November 14th. Stifel Nicolaus downgraded The RealReal from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research note on Monday, January 11th. KeyCorp raised their price objective on The RealReal from $21.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, January 22nd. Cowen raised their target price on The RealReal from $18.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Morgan Stanley raised their target price on The RealReal from $17.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $22.76.
In other The RealReal news, CAO Steve Ming Lo sold 13,382 shares of the business’s stock in a transaction that occurred on Monday, January 11th. The stock was sold at an average price of $23.79, for a total transaction of $318,357.78. Following the transaction, the chief accounting officer now owns 41,049 shares of the company’s stock, valued at $976,555.71. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Levesque Rati Sahi sold 1,629 shares of the business’s stock in a transaction that occurred on Tuesday, January 26th. The stock was sold at an average price of $25.90, for a total value of $42,191.10. Following the transaction, the chief operating officer now directly owns 191,806 shares in the company, valued at approximately $4,967,775.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 662,494 shares of company stock worth $14,303,048. 27.80% of the stock is owned by company insiders.
The RealReal Company Profile
The RealReal, Inc operates an online marketplace for consigned luxury goods. It offers various resale product categories, including women's, men's, kids', jewelry, and watches, as well as home and art products. The company was founded in 2011 and is headquartered in San Francisco, California.
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