RealReal (NASDAQ:REAL) PT lowered to $10.00 at Needham & Company LLC


RealReal (NASDAQ: REALGet a rating) had its price target lowered by Needham & Company LLC stock research analysts from $25.00 to $10.00 in a research note released to investors on Wednesday, Fly reports. Needham & Company LLC’s price target indicates a potential upside of 147.52% from the current stock price.

REAL has been the subject of several other research reports. UBS Group lowered its target price on RealReal from $17.00 to $9.00 and set a “neutral” rating on the stock in a Tuesday, March 22 report. Zacks Investment Research downgraded RealReal from a “hold” rating to a “sell” rating in a Wednesday, April 27 report. Morgan Stanley lowered its price target on RealReal from $18.00 to $17.00 and set an “equal weight” rating on the stock in a Thursday, Feb. 24 research note. Raymond James lowered his price target on RealReal from $19.00 to $18.00 and gave the stock an “outperform” rating in a Thursday, Feb. 24 research note. Finally, Wells Fargo & Company lowered its price target on RealReal from $19.00 to $15.00 and set an “overweight” rating on the stock in a Thursday, Feb. 24 research note. One equity research analyst gave the stock a sell rating, four gave the company a hold rating and eleven gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $14.65.

Actual inventory traded down $0.37 during Wednesday trading hours, hitting $4.04. The stock recorded a trading volume of 103,602 shares, compared to an average volume of 3,401,372 shares. The company has a debt ratio of 4.76, a current ratio of 2.75 and a quick ratio of 2.38. The stock has a market capitalization of $381.23 million, a price-earnings ratio of -1.57 and a beta of 2.45. RealReal has a 1-year low of $4.25 and a 1-year high of $22.83. The stock’s fifty-day moving average is $6.81 and its two-hundred-day moving average is $9.98.

RealReal (NASDAQ: REALGet a rating) last released its results on Tuesday, May 10. The company reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.64) by $0.17. The company posted revenue of $146.70 million for the quarter, versus analyst estimates of $136.35 million. RealReal had a negative return on equity of 161.45% and a negative net margin of 50.48%. RealReal’s revenues increased by 48.5% compared to the same quarter last year. In the same quarter of the previous year, the company had made earnings per share ($0.62). As a group, sell-side analysts expect RealReal to post -2.04 EPS for the current year.

In related news, Insider Arnon Katz sold 34,543 shares in a transaction dated Wednesday, February 23. The stock was sold at an average price of $7.65, for a total transaction of $264,253.95. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Also, CAD Steve MingLo sold 8,926 shares in a transaction dated Sunday, February 20. The stock was sold at an average price of $7.58, for a total value of $67,659.08. Disclosure of this sale can be found here. Insiders sold 104,250 shares of the company worth $782,541 during the last quarter. 27.80% of the shares are currently held by insiders of the company.

Several institutional investors have recently increased or reduced their stake in the company. ProShare Advisors LLC increased its equity stake in RealReal by 53.4% ​​in Q1. ProShare Advisors LLC now owns 1,422,362 shares of the company worth $10,325,000 after purchasing an additional 495,288 shares during the period. TD Asset Management Inc. increased its equity stake in RealReal by 17.4% in Q1. TD Asset Management Inc. now owns 144,576 shares of the company worth $1,050,000 after purchasing an additional 21,478 shares during the period. Arnhold LLC increased its equity stake in RealReal by 54.5% in Q1. Arnhold LLC now owns 42,500 shares of the company worth $309,000 after purchasing an additional 15,000 shares during the period. Capricorn Fund Managers Ltd bought a new position in shares of RealReal in Q1 for a value of approximately $1,779,000. Finally, the Swiss National Bank increased its stake in RealReal shares by 8.9% in the 1st quarter. The Swiss National Bank now owns 185,700 shares of the company worth $1,348,000 after purchasing an additional 15,200 shares during the period. Institutional investors hold 89.19% of the company’s shares.

About RealReal (Get a rating)

The RealReal, Inc operates an online marketplace for returnable luxury goods in the United States. It offers various product categories, including women’s, men’s, children’s, jewelry and watches, as well as home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California.

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