In yesterday’s Wall Street session, The RealReal Inc. (NASDAQ:REAL) shares traded at $2.24, down -4.68% from the previous session.
11 analysts cover The RealReal Inc. (NASDAQ:REAL), according to research data. The consensus rating among analysts is ‘Hold’. 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 $2.35, this indicates a potential upside of 27.66 percent. REAL stock price is now -0.91% away from the 50-day moving average and 39.19% away from the 200-day moving average. The market capitalization of the company currently stands at $223.28M.
The stock has received a hold rating from 6 analysts and a buy rating from 3. 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, Sahi Levesque Rati, President sold 44,844 shares of the company’s stock on Aug 17. The stock was sold for $108,522 at an average price of $2.42. Upon completion of the transaction, the President now directly owns 1,019,889 shares in the company, valued at $2.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, President Sahi Levesque Rati sold 43,162 shares of the business’s stock. A total of $104,075 was realized by selling the stock at an average price of $2.41. This leaves the insider owning 1,064,733 shares of the company worth $2.39 million. Insiders disposed of 277,421 shares of company stock worth roughly $0.62 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 FUND 1 INVESTMENTS, LLC during the first quarter worth $3,867,000. SPRINGHOUSE CAPITAL MANAGEMENT, LP invested $2,012,000 in shares of REAL during the first quarter. In the first quarter, ARMISTICE CAPITAL, LLC acquired a new stake in The RealReal Inc. valued at approximately $1,120,000. CHIMERA CAPITAL MANAGEMENT LLC acquired a new stake in REAL for approximately $720,000. VERITION FUND MANAGEMENT LLC purchased a new stake in REAL valued at around $394,000 in the second quarter. In total, there are 194 active investors with 75.70% ownership of the company’s stock.
On Thursday morning The RealReal Inc. (NASDAQ: REAL) stock kicked off with the opening price of $2.3400. During the past 12 months, The RealReal Inc. has had a low of $1.00 and a high of $2.94. The fifty day moving average price for REAL is $2.2708 and a two-hundred day moving average price translates $1.6135 for the stock.
The latest earnings results from The RealReal Inc. (NASDAQ: REAL) was released for Jun, 2023. According to the Luxury Goods Company, earnings per share came in at -$0.3, beating analysts’ expectations of -$0.35 by 0.05. This compares to -$0.56 EPS in the same period last year. The net profit margin was -36.50% and return on equity was 101.00% 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 $125.43M 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.
