The RealReal (NASDAQ:REAL) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

The RealReal (NASDAQ:REAL) issued its earnings results on Sunday. The company reported ($0.49) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by ($0.08), MarketWatch Earnings reports. The firm had revenue of $84.59 million during the quarter, compared to analyst estimates of $93.89 million. The RealReal had a negative net margin of 46.90% and a negative return on equity of 48.99%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.17) earnings per share.

Shares of REAL stock opened at $25.58 on Tuesday. The company’s fifty day simple moving average is $25.68 and its two-hundred day simple moving average is $18.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.62 and a quick ratio of 3.46. The RealReal has a 1 year low of $5.00 and a 1 year high of $30.22. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -15.32 and a beta of 3.33.

In other news, COO Levesque Rati Sahi sold 1,629 shares of the business’s stock in a transaction on Tuesday, January 26th. The shares were sold at an average price of $25.90, for a total transaction of $42,191.10. Following the completion of the transaction, the chief operating officer now directly owns 191,806 shares in the company, valued at approximately $4,967,775.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julie Wainwright sold 135,000 shares of the business’s stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of $14.96, for a total transaction of $2,019,600.00. Following the transaction, the chief executive officer now owns 3,740,524 shares of the company’s stock, valued at $55,958,239.04. The disclosure for this sale can be found here. Insiders have sold a total of 662,494 shares of company stock worth $14,303,048 in the last three months. Insiders own 27.80% of the company’s stock.

Several research firms have commented on REAL. Morgan Stanley lifted their target price on shares of The RealReal from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, January 15th. Raymond James cut shares of The RealReal from an “outperform” rating to a “market perform” rating in a research report on Tuesday. B. Riley lifted their price target on shares of The RealReal from $13.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, January 15th. Wells Fargo & Company lifted their price target on shares of The RealReal from $25.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, January 15th. Finally, Piper Sandler lifted their price target on shares of The RealReal from $25.00 to $33.00 in a report on Tuesday, February 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $22.29.

The RealReal Company Profile

The RealReal, Inc operates an online marketplace for consigned luxury goods. It offers various resale product categories, including women's, men's, kids', jewelry, and watches, as well as home and art products. The company was founded in 2011 and is headquartered in San Francisco, California.

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