The RealReal (NASDAQ:REAL) announced its quarterly earnings data 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 business had revenue of $84.59 million for the quarter, compared to analyst estimates of $93.89 million. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. The business’s revenue was down 9.8% on a year-over-year basis.
Shares of The RealReal stock traded down $4.67 during trading hours on Tuesday, reaching $23.94. 256,921 shares of the company’s stock were exchanged, compared to its average volume of 2,919,232. The RealReal has a 1 year low of $5.00 and a 1 year high of $30.22. The company has a market capitalization of $2.12 billion, a P/E ratio of -14.43 and a beta of 3.33. The business has a fifty day moving average of $25.68 and a two-hundred day moving average of $18.22. The company has a quick ratio of 3.46, a current ratio of 3.62 and a debt-to-equity ratio of 0.63.
Several analysts have commented on the stock. Raymond James cut shares of The RealReal from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Cowen lifted their price objective on shares of The RealReal from $18.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday. Stifel Nicolaus cut shares of 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 boosted their target price on shares of The RealReal from $21.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, January 22nd. Finally, Wells Fargo & Company boosted their target price 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 research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The RealReal currently has a consensus rating of “Buy” and an average target price of $22.76.
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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