RealReal (NASDAQ:REAL) Posts Quarterly Earnings Results, Misses Estimates By $0.52 EPS

RealReal (NASDAQ:REAL) announced its quarterly earnings results on Thursday. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.52), Zacks reports.

RealReal Trading Down 0.1 %

Shares of REAL traded down $0.01 during trading hours on Thursday, reaching $7.96. 4,208,516 shares of the stock traded hands, compared to its average volume of 3,203,194. The company has a market cap of $873.14 million, a P/E ratio of -9.05 and a beta of 2.83. RealReal has a 52-week low of $1.52 and a 52-week high of $11.38. The company’s 50-day moving average price is $9.14 and its two-hundred day moving average price is $5.52.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CEO John E. Koryl sold 396,478 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is available through the SEC website. Also, CAO Steve Ming Lo sold 96,666 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the sale, the chief accounting officer now owns 391,525 shares in the company, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.78% of the company’s stock.

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.