RealReal (REAL) Expected to Announce Quarterly Earnings on Thursday

RealReal (NASDAQ:REAL) is anticipated to issue its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $164.16 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million during the quarter, compared to analysts’ expectations of $162.69 million.

RealReal Trading Down 8.8 %

Shares of RealReal stock opened at $5.68 on Wednesday. The stock has a 50-day moving average price of $8.71 and a 200 day moving average price of $5.80. The company has a market cap of $631.88 million, a P/E ratio of -4.40 and a beta of 2.83. RealReal has a 1 year low of $2.24 and a 1 year high of $11.38.

Insider Buying and Selling at RealReal

In other RealReal news, CFO Gopal Ajay Madan sold 102,386 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $706,463.40. Following the sale, the chief financial officer now owns 1,327,198 shares of the company’s stock, valued at $9,157,666.20. This trade represents a 7.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Levesque Rati Sahi sold 113,917 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $786,027.30. Following the completion of the sale, the chief executive officer now directly owns 2,307,199 shares in the company, valued at $15,919,673.10. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 654,761 shares of company stock valued at $5,592,306 in the last 90 days. 9.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on REAL. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. UBS Group dropped their target price on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, Northland Securities upped their target price on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Two 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 stock. According to MarketBeat, RealReal has a consensus rating of “Moderate Buy” and a consensus target price of $8.33.

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.