RealReal (REAL) Projected to Post Earnings on Thursday

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

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

RealReal Stock Up 1.5 %

NASDAQ:REAL opened at $6.84 on Thursday. The business’s 50-day simple moving average is $8.94 and its two-hundred day simple moving average is $5.67. The stock has a market cap of $750.29 million, a PE ratio of -5.30 and a beta of 2.83. RealReal has a 52 week low of $1.56 and a 52 week high of $11.38.

Analysts Set New Price Targets

REAL has been the topic of a number of recent analyst reports. UBS Group decreased their price target on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday. Northland Securities raised their price target on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $4.00 to $15.00 in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.33.

Insider Buying and Selling

In other RealReal news, CAO Steve Ming Lo sold 23,477 shares of the business’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 transaction of $161,991.30. Following the sale, the chief accounting officer now directly owns 330,117 shares of the company’s stock, valued at $2,277,807.30. The trade was a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Levesque Rati Sahi sold 113,917 shares of the business’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 $786,027.30. Following the sale, the chief executive officer now directly owns 2,307,199 shares in the company, valued at $15,919,673.10. The trade was a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 751,427 shares of company stock worth $6,181,969. Corporate insiders own 9.78% of the company’s stock.

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.