RealReal (NASDAQ:REAL) Announces Quarterly Earnings Results

RealReal (NASDAQ:REAL) announced its earnings results on Thursday. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52), Zacks reports. The business had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $162.69 million.

RealReal Trading Down 18.8 %

NASDAQ REAL opened at $6.46 on Friday. RealReal has a 12-month low of $1.52 and a 12-month high of $11.38. The firm’s 50 day moving average is $9.07 and its 200-day moving average is $5.56.

Insider Activity

In related news, CEO John E. Koryl sold 396,478 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Steve Ming Lo sold 96,666 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the transaction, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

REAL has been the topic of several research analyst reports. Northland Securities raised their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Finally, UBS Group raised their target price on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.38.

About RealReal

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.