In yesterday’s Wall Street session, The RealReal Inc. (NASDAQ:REAL) shares traded at $1.78, up 15.58% from the previous session.
As of this writing, 14 analysts cover The RealReal Inc. (NASDAQ:REAL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $1.00, we find $3.00. Given the previous closing price of $1.54, this indicates a potential upside of 94.81 percent. REAL stock price is now 20.30% away from the 50-day moving average and -19.11% away from the 200-day moving average. The market capitalization of the company currently stands at $186.90M.
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There are 7 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $3.55 as their price target over the next twelve months.
With the price target reduced from $5 to $2, Wells Fargo Downgraded its rating from Overweight to Equal Weight for The RealReal Inc. (NASDAQ: REAL)., while ‘Cowen’ rates the stock as ‘Market Perform’.
In other news, Sahi Levesque Rati, President sold 14,054 shares of the company’s stock on Nov 22. The stock was sold for $19,395 at an average price of $1.38. Upon completion of the transaction, the President now directly owns 642,838 shares in the company, valued at $1.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20, President Sahi Levesque Rati sold 11,787 shares of the business’s stock. A total of $17,359 was realized by selling the stock at an average price of $1.47. This leaves the insider owning 656,892 shares of the company worth $1.17 million. Insiders disposed of 380,595 shares of company stock worth roughly $0.68 million over the past 1 year. A total of 2.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in REAL stock. A new stake in The RealReal Inc. shares was purchased by WOODSON CAPITAL MANAGEMENT, LP during the first quarter worth $4,450,000. CRESTWOOD CAPITAL MANAGEMENT, L.P. invested $2,474,000 in shares of REAL during the first quarter. In the first quarter, BRIDGEWAY CAPITAL MANAGEMENT, LLC acquired a new stake in The RealReal Inc. valued at approximately $570,000. COMERICA BANK acquired a new stake in REAL for approximately $534,000. MYDA ADVISORS LLC purchased a new stake in REAL valued at around $534,000 in the second quarter. In total, there are 262 active investors with 75.70% ownership of the company’s stock.
Wednesday morning saw The RealReal Inc. (NASDAQ: REAL) opened at $1.5600. During the past 12 months, The RealReal Inc. has had a low of $1.04 and a high of $9.94. The fifty day moving average price for REAL is $1.4796 and a two-hundred day moving average price translates $2.2006 for the stock.
The latest earnings results from The RealReal Inc. (NASDAQ: REAL) was released for Jun, 2022. According to the Specialty Retail Company, earnings per share came in at -$0.4, beating analysts’ expectations of -$0.44 by 0.04. This compares to -$0.62 EPS in the same period last year. The net profit margin was -35.70% and return on equity was 343.50% for REAL. The company reported revenue of $142.7 million for the quarter, compared to $118.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.08 percent. For the current quarter, analysts expect REAL to generate $149.2M in revenue.
The RealReal Inc.(REAL) Company Profile
The RealReal, Inc. operates an online marketplace for consigned luxury goods in the United State. It offers various product categories, including women’s, men’s, kids’, jewelry and watches, and home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California.
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