RealReal (NASDAQ: REAL – Get a rating)The stock had its “buy” rating reaffirmed by equity research analysts Needham & Company LLC in a note released to investors on Tuesday, TipRanks reports. They currently have a price target of $10.00 on the stock. Needham & Company LLC’s price target would indicate a potential upside of 170.27% from the company’s previous close.
Several other equity research analysts also commented on the company. Raymond James cut his target price on RealReal from $19.00 to $18.00 and set an “outperform” rating on the stock in a Thursday, Feb. 24 research report. Zacks Investment Research downgraded RealReal shares from a “hold” rating to a “sell” rating in a Wednesday, April 27 research note. UBS Group cut its price target on RealReal shares from $17.00 to $9.00 and set a “neutral” rating on the stock in a Tuesday, March 22 research note. Wedbush lowered its price target on RealReal shares from $21.00 to $14.00 and set an “outperform” rating on the stock in a Thursday, February 24 report. Finally, KeyCorp cut its price target on RealReal shares from $20.00 to $16.00 and set an “overweight” rating on the stock in a Thursday, January 20 research report. One equity research analyst gave the stock a sell rating, four issued a hold rating and eleven gave the company a buy rating. According to data from MarketBeat, RealReal has an average rating of “Buy” and a consensus price target of $14.65.
REAL NASDAQ was trading down $0.04 on Tuesday, hitting $3.70. The company’s stock had a trading volume of 165,636 shares, compared to an average volume of 4,311,302. The company’s 50-day moving average is $6.53 and its 200-day moving average is 9, $69. RealReal has a 1-year low of $2.77 and a 1-year high of $22.83. The company has a market capitalization of $349.17 million, a PE ratio of -1.44 and a beta of 2.45. The company has a quick ratio of 2.17, a current ratio of 2.58 and a debt ratio of 4.76.
RealReal (NASDAQ: REAL – Get a rating) last released its quarterly results on Tuesday, May 10. The company reported ($0.47) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.64) by $0.17. RealReal had a negative net margin of 46.07% and a negative return on equity of 331.27%. The company posted revenue of $146.70 million for the quarter, versus a consensus estimate of $136.35 million. During the same quarter of the previous year, the company achieved EPS of ($0.62). The company’s revenue for the quarter increased 48.5% year over year. On average, equity analysts expect RealReal to post -2.04 EPS for the current year.
In other RealReal News, CAD Steve MingLo sold 8,926 shares of the company in a transaction on Sunday, February 20. The shares were sold at an average price of $7.58, for a total value of $67,659.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. Also, the president Levesque Rati Sahi sold 8,888 shares of the company in a transaction dated Sunday, February 20. The shares were sold at an average price of $7.57, for a total transaction of $67,282.16. Disclosure of this sale can be found here. Insiders sold 104,250 shares of the company valued at $782,541 during the last quarter. Company insiders own 27.80% of the company’s shares.
A number of institutional investors have recently changed their positions in the stock. Parallel Advisors LLC increased its stake in RealReal by 758.9% in Q1. Parallel Advisors LLC now owns 3,178 shares of the company worth $25,000 after purchasing an additional 2,808 shares in the last quarter. Dark Forest Capital Management LP increased its position in RealReal by 2,059.2% in the third quarter. Dark Forest Capital Management LP now owns 2,699 shares of the company worth $36,000 after acquiring 2,574 additional shares during the period. US Bancorp DE increased its stake in RealReal by 105.9% in the third quarter. US Bancorp DE now owns 3,933 shares of the company worth $52,000 after purchasing an additional 2,023 shares during the period. Shay Capital LLC bought a new position in shares of RealReal in the first quarter worth approximately $73,000. Finally, Keybank National Association OH bought a new position in shares of RealReal during Q1 worth approximately $75,000. Institutional investors hold 89.19% of the company’s shares.
RealReal Company Profile (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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