RealReal (NASDAQ:REAL) PT Lowered to $5.00 at B. Riley

RealReal (NASDAQ:REALGet Rating) had its target price lowered by B. Riley from $9.00 to $5.00 in a research note published on Wednesday, The Fly reports.

REAL has been the subject of a number of other reports. Piper Sandler reduced their price target on shares of RealReal from $21.00 to $18.00 and set an overweight rating for the company in a research report on Thursday, February 24th. Raymond James reduced their price target on shares of RealReal from $19.00 to $18.00 and set an outperform rating for the company in a research report on Thursday, February 24th. Needham & Company LLC reduced their price target on shares of RealReal from $35.00 to $25.00 in a research report on Tuesday, January 25th. Wells Fargo & Company reduced their price target on shares of RealReal from $19.00 to $15.00 and set an overweight rating for the company in a research report on Thursday, February 24th. Finally, Wedbush reduced their price target on shares of RealReal from $21.00 to $14.00 and set an outperform rating for the company in a research report on Thursday, February 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $14.65.

Shares of RealReal stock opened at $3.75 on Wednesday. The company has a quick ratio of 2.38, a current ratio of 2.58 and a debt-to-equity ratio of 4.76. The company has a 50 day moving average price of $6.58 and a 200 day moving average price of $9.80. RealReal has a 52 week low of $2.77 and a 52 week high of $22.83.

RealReal (NASDAQ:REALGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.17. The firm had revenue of $146.70 million during the quarter, compared to analyst estimates of $136.35 million. RealReal had a negative net margin of 46.07% and a negative return on equity of 331.27%. RealReal’s revenue was up 48.5% on a year-over-year basis. During the same period last year, the firm posted ($0.62) EPS. On average, equities analysts predict that RealReal will post -2.04 EPS for the current year.

In related news, President Levesque Rati Sahi sold 13,488 shares of RealReal stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $7.36, for a total value of $99,271.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Steve Ming Lo sold 8,926 shares of RealReal stock in a transaction on Sunday, February 20th. The stock was sold at an average price of $7.58, for a total transaction of $67,659.08. The disclosure for this sale can be found here. Insiders sold a total of 104,250 shares of company stock worth $782,541 in the last three months. 27.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in RealReal by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 7,442,925 shares of the company’s stock worth $54,035,000 after purchasing an additional 217,186 shares during the last quarter. BlackRock Inc. boosted its stake in RealReal by 17.2% during the 4th quarter. BlackRock Inc. now owns 5,946,041 shares of the company’s stock worth $69,033,000 after purchasing an additional 870,578 shares during the last quarter. Wellington Management Group LLP boosted its stake in RealReal by 26.7% during the 3rd quarter. Wellington Management Group LLP now owns 4,256,660 shares of the company’s stock worth $56,103,000 after purchasing an additional 897,537 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in RealReal by 50.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 2,477,810 shares of the company’s stock worth $28,767,000 after purchasing an additional 831,610 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in RealReal by 332.7% during the 4th quarter. Marshall Wace LLP now owns 2,364,387 shares of the company’s stock worth $27,450,000 after purchasing an additional 1,817,899 shares during the last quarter. 89.19% of the stock is currently owned by institutional investors.

RealReal Company Profile (Get Rating)

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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