RealReal (REAL) to Release Quarterly Earnings on Thursday

RealReal (NASDAQ:REAL - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $164.16 million for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The business had revenue of $164.00 million for the quarter, compared to analysts' expectations of $162.69 million.

RealReal Stock Up 4.4 %

Shares of REAL traded up $0.29 during midday trading on Friday, hitting $6.82. The company had a trading volume of 3,763,714 shares, compared to its average volume of 3,367,078. The stock has a market cap of $758.70 million, a price-to-earnings ratio of -5.29 and a beta of 2.83. The company's 50 day moving average price is $8.84 and its 200 day moving average price is $5.73. RealReal has a 52 week low of $1.72 and a 52 week high of $11.38.

Insider Buying and Selling

In other news, CAO Steve Ming Lo sold 96,666 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the transaction, the chief accounting officer now directly owns 391,525 shares in the company, valued at $2,388,302.50. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Luke Thomas Friang sold 18,503 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the transaction, the insider now directly owns 556,557 shares in the company, valued at approximately $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 751,427 shares of company stock worth $6,181,969. Corporate insiders own 9.78% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on REAL shares. Northland Securities upped their price objective on shares of RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. UBS Group dropped their price target on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $4.00 to $15.00 in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, RealReal has an average rating of "Moderate Buy" and an average price target of $8.33.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.