The RealReal (NASDAQ:REAL) Announces Quarterly Earnings Results

The RealReal (NASDAQ:REAL) released its earnings results on Sunday. The company reported ($0.49) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by ($0.08), MarketWatch Earnings reports. The firm had revenue of $84.59 million during the quarter, compared to analysts’ expectations of $93.89 million. The RealReal had a negative return on equity of 48.99% and a negative net margin of 46.90%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.17) earnings per share.

NASDAQ:REAL opened at $28.61 on Tuesday. The company has a current ratio of 3.62, a quick ratio of 3.46 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -17.13 and a beta of 3.33. The firm’s fifty day simple moving average is $25.68 and its 200 day simple moving average is $18.22. The RealReal has a twelve month low of $5.00 and a twelve month high of $30.22.

Several research firms have commented on REAL. KeyCorp lifted their target price on shares of The RealReal from $21.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, January 22nd. Piper Sandler boosted their price objective on shares of The RealReal from $25.00 to $33.00 in a research note on Tuesday, February 16th. B. Riley boosted their price objective on shares of The RealReal from $13.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, January 15th. Zacks Investment Research cut shares of The RealReal from a “hold” rating to a “sell” rating in a research note on Saturday, November 14th. Finally, Wells Fargo & Company boosted their price objective on shares of The RealReal from $25.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, January 15th. One 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 RealReal has a consensus rating of “Buy” and an average price target of $21.47.

In other The RealReal news, COO Levesque Rati Sahi sold 1,629 shares of the business’s stock in a transaction on Tuesday, January 26th. The shares were sold at an average price of $25.90, for a total value of $42,191.10. Following the transaction, the chief operating officer now owns 191,806 shares in the company, valued at approximately $4,967,775.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Steve Ming Lo sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 20th. The stock was sold at an average price of $29.00, for a total transaction of $145,000.00. Following the completion of the transaction, the chief accounting officer now owns 44,250 shares in the company, valued at approximately $1,283,250. The disclosure for this sale can be found here. Insiders have sold a total of 662,494 shares of company stock worth $14,303,048 in the last 90 days. Company insiders own 27.80% of the company’s stock.

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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Earnings History for The RealReal (NASDAQ:REAL)

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