Stocks of The RealReal Inc. (NASDAQ:REAL) traded higher last session on Wall Street, up 15.21% to $2.50.
According to the data, The RealReal Inc. (NASDAQ:REAL) has 10 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $1.50, we find $3.00. Given the previous closing price of $2.17, this indicates a potential upside of 38.25 percent. REAL stock price is now 21.33% away from the 50-day moving average and 60.43% away from the 200-day moving average. The market capitalization of the company currently stands at $277.73M.
A total of 6 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $3.11 as their price target over the next twelve months.
With the price target enhanced from $1 to $1.85, BofA Securities Upgraded its rating from Underperform to Buy for The RealReal Inc. (NASDAQ: REAL).
In other news, KROLIK ROBERT J, Director sold 11,700 shares of the company’s stock on Jun 14. The stock was sold for $20,475 at an average price of $1.75. Upon completion of the transaction, the Director now directly owns 50,197 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22, President Sahi Levesque Rati sold 14,054 shares of the business’s stock. A total of $19,395 was realized by selling the stock at an average price of $1.38. This leaves the insider owning 642,838 shares of the company worth $1.61 million. Insiders disposed of 323,146 shares of company stock worth roughly $0.81 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 BECK BODE, LLC during the first quarter worth $5,064,000. MANATUCK HILL PARTNERS, LLC invested $4,000,000 in shares of REAL during the first quarter. In the first quarter, SCION ASSET MANAGEMENT, LLC acquired a new stake in The RealReal Inc. valued at approximately $1,711,000. CHIMERA CAPITAL MANAGEMENT LLC acquired a new stake in REAL for approximately $804,000. COMERICA BANK purchased a new stake in REAL valued at around $750,000 in the second quarter. In total, there are 194 active investors with 75.70% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $2.1500 for The RealReal Inc. (NASDAQ: REAL). During the past 12 months, The RealReal Inc. has had a low of $1.00 and a high of $3.71. The fifty day moving average price for REAL is $2.0807 and a two-hundred day moving average price translates $1.5645 for the stock.
The latest earnings results from The RealReal Inc. (NASDAQ: REAL) was released for Mar, 2023. According to the Luxury Goods Company, earnings per share came in at -$0.36, beating analysts’ expectations of -$0.43 by 0.07. This compares to -$0.56 EPS in the same period last year. The net profit margin was -37.00% and return on equity was 133.90% for REAL. The company reported revenue of $130.85 million for the quarter, compared to $154.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.27 percent. For the current quarter, analysts expect REAL to generate $132.75M in revenue.
The RealReal Inc.(REAL) Company Profile
The RealReal, Inc. operates an online marketplace for resale luxury goods in the United State. It offers various product categories, including women’s fashion, men’s fashion, jewelry, and watches. The company was incorporated in 2011 and is headquartered in San Francisco, California.
