Therealreal Inc (NASDAQ:REAL) shares traded -5.80% lower at $2.11 on Wall Street last session.
In accordance with the data, 11 analysts cover Therealreal Inc (NASDAQ:REAL). 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 $2.24, this indicates a potential upside of 33.93 percent. REAL stock price is now -13.66% away from the 50-day moving average and 22.60% away from the 200-day moving average. The market capitalization of the company currently stands at $215.52M.
It has been rated a hold by 6 analysts and a buy by 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 Therealreal Inc (NASDAQ: REAL).
In other news, Koryl John E, Chief Executive Officer bought 43,251 shares of the company’s stock on Aug 25. The stock was bought for $99,477 at an average price of $2.30. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,793,251 shares in the company, valued at $5.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17, President Sahi Levesque Rati sold 44,844 shares of the business’s stock. A total of $108,522 was realized by selling the stock at an average price of $2.42. This leaves the insider owning 1,019,889 shares of the company worth $2.15 million. Insiders disposed of 353,882 shares of company stock worth roughly $0.75 million over the past 1 year. A total of 21.60% 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 Therealreal Inc shares was purchased by FUND 1 INVESTMENTS, LLC during the first quarter worth $3,643,000. SPRINGHOUSE CAPITAL MANAGEMENT, LP invested $1,895,000 in shares of REAL during the first quarter. In the first quarter, ARMISTICE CAPITAL, LLC acquired a new stake in Therealreal Inc valued at approximately $1,055,000. CHIMERA CAPITAL MANAGEMENT LLC acquired a new stake in REAL for approximately $678,000. VERITION FUND MANAGEMENT LLC purchased a new stake in REAL valued at around $371,000 in the second quarter. In total, there are 194 active investors with 42.18% ownership of the company’s stock.
Therealreal Inc (NASDAQ: REAL) opened at $2.1500 on Friday. During the past 12 months, Therealreal Inc has had a low of $1.00 and a high of $2.94. The fifty day moving average price for REAL is $2.4347 and a two-hundred day moving average price translates $1.7245 for the stock.
The latest earnings results from Therealreal 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 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.
Therealreal 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.
