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

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

Shares of The RealReal stock opened at $28.61 on Tuesday. The stock has a market capitalization of $2.53 billion, a PE ratio of -17.13 and a beta of 3.33. The RealReal has a 52 week low of $5.00 and a 52 week high of $30.22. The stock has a 50 day moving average price of $25.68 and a two-hundred day moving average price of $18.22. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.46 and a current ratio of 3.62.

Several brokerages have recently issued reports on REAL. Morgan Stanley boosted their price target on shares of The RealReal from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, January 15th. Zacks Investment Research downgraded The RealReal from a “hold” rating to a “sell” rating in a research note on Saturday, November 14th. Raymond James downgraded shares of The RealReal from an “outperform” rating to a “market perform” rating in a research report on Tuesday. KeyCorp raised their price target on The RealReal from $21.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, January 22nd. Finally, B. Riley boosted their price objective on shares of The RealReal from $13.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $20.76.

In other news, CTO Fredrik Bjork sold 152,735 shares of The RealReal stock in a transaction on Thursday, December 24th. The stock was sold at an average price of $20.21, for a total value of $3,086,774.35. Following the completion of the transaction, the chief technology officer now directly owns 204,811 shares in the company, valued at $4,139,230.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Julie Wainwright sold 135,000 shares of the business’s stock in a transaction that occurred 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 directly owns 3,740,524 shares of the company’s stock, valued at approximately $55,958,239.04. The disclosure for this sale can be found here. Insiders have sold 662,494 shares of company stock worth $14,303,048 over the last ninety days. 27.80% of the stock is owned by insiders.

About The RealReal

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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