RealReal (REAL) Set to Announce Quarterly Earnings on Tuesday

RealReal (NASDAQ:REAL) is scheduled to announce its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

RealReal (NASDAQ:REAL) last issued its earnings results on Tuesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.04. The firm had revenue of $143.80 million during the quarter, compared to the consensus estimate of $138.90 million. On average, analysts expect RealReal to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

RealReal Trading Down 4.3 %

NASDAQ:REAL opened at $3.31 on Monday. The business’s 50-day moving average is $3.50 and its 200 day moving average is $3.21. RealReal has a 12 month low of $1.26 and a 12 month high of $4.64. The company has a market capitalization of $350.76 million, a P/E ratio of -2.90 and a beta of 2.90.

Analyst Ratings Changes

Several analysts have recently issued reports on REAL shares. Needham & Company LLC reaffirmed a “buy” rating and set a $6.00 price objective on shares of RealReal in a report on Wednesday, May 8th. Wells Fargo & Company upped their price target on shares of RealReal from $2.00 to $4.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Wedbush lifted their price objective on shares of RealReal from $3.00 to $4.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Finally, UBS Group upped their target price on shares of RealReal from $2.30 to $3.70 and gave the company a “neutral” rating in a research report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.99.

Insider Activity

In related news, insider Todd A. Suko sold 35,906 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $4.25, for a total value of $152,600.50. Following the sale, the insider now directly owns 852,654 shares of the company’s stock, valued at approximately $3,623,779.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RealReal news, insider Todd A. Suko sold 35,906 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $4.25, for a total value of $152,600.50. Following the transaction, the insider now owns 852,654 shares of the company’s stock, valued at approximately $3,623,779.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Levesque Rati Sahi sold 10,000 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $3.83, for a total value of $38,300.00. Following the completion of the sale, the president now owns 1,256,852 shares in the company, valued at approximately $4,813,743.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 237,132 shares of company stock valued at $933,131. 9.78% of the stock is currently owned by company insiders.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.