The RealReal (NASDAQ:REAL) Announces Quarterly Earnings Results

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.

In other The RealReal news, CAO Steve Ming Lo sold 13,382 shares of the company’s stock in a transaction dated Monday, January 11th. The shares were sold at an average price of $23.79, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Levesque Rati Sahi sold 1,629 shares of the stock in a transaction dated Tuesday, January 26th. The stock was sold at an average price of $25.90, for a total transaction of $42,191.10. Following the sale, 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. Insiders have sold 662,494 shares of company stock valued at $14,303,048 in the last ninety days. 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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