RealReal (NASDAQ:REAL) PT Lowered to $10.00 at Needham & Company LLC

RealReal (NASDAQ:REALGet Rating) had its price target decreased by equities research analysts at Needham & Company LLC from $25.00 to $10.00 in a research note issued to investors on Wednesday, The Fly reports. Needham & Company LLC’s price target indicates a potential upside of 147.52% from the stock’s current price.

REAL has been the topic of several other research reports. UBS Group lowered their target price on RealReal from $17.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, March 22nd. Zacks Investment Research lowered RealReal from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Morgan Stanley decreased their price objective on RealReal from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 24th. Raymond James decreased their price objective on RealReal from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, February 24th. Finally, Wells Fargo & Company decreased their price objective on RealReal from $19.00 to $15.00 and set an “overweight” rating on the stock in a research note 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $14.65.

RealReal stock traded down $0.37 during trading hours on Wednesday, hitting $4.04. The stock had a trading volume of 103,602 shares, compared to its average volume of 3,401,372. The company has a debt-to-equity ratio of 4.76, a current ratio of 2.75 and a quick ratio of 2.38. The stock has a market capitalization of $381.23 million, a price-to-earnings ratio of -1.57 and a beta of 2.45. RealReal has a 1-year low of $4.25 and a 1-year high of $22.83. The stock’s fifty day moving average is $6.81 and its two-hundred day moving average is $9.98.

RealReal (NASDAQ:REALGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.64) by $0.17. The company had revenue of $146.70 million for the quarter, compared to analyst estimates of $136.35 million. RealReal had a negative return on equity of 161.45% and a negative net margin of 50.48%. RealReal’s revenue was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.62) earnings per share. As a group, sell-side analysts anticipate that RealReal will post -2.04 EPS for the current year.

In related news, insider Arnon Katz sold 34,543 shares of the stock in a transaction dated Wednesday, February 23rd. The stock was sold at an average price of $7.65, for a total transaction of $264,253.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Steve Ming Lo sold 8,926 shares of the stock in a transaction dated Sunday, February 20th. The stock was sold at an average price of $7.58, for a total value of $67,659.08. The disclosure for this sale can be found here. Insiders have sold 104,250 shares of company stock worth $782,541 over the last quarter. 27.80% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its holdings in shares of RealReal by 53.4% in the 1st quarter. ProShare Advisors LLC now owns 1,422,362 shares of the company’s stock worth $10,325,000 after purchasing an additional 495,288 shares during the period. TD Asset Management Inc. raised its holdings in shares of RealReal by 17.4% in the 1st quarter. TD Asset Management Inc. now owns 144,576 shares of the company’s stock worth $1,050,000 after purchasing an additional 21,478 shares during the period. Arnhold LLC raised its holdings in shares of RealReal by 54.5% in the 1st quarter. Arnhold LLC now owns 42,500 shares of the company’s stock worth $309,000 after purchasing an additional 15,000 shares during the period. Capricorn Fund Managers Ltd purchased a new position in shares of RealReal in the 1st quarter worth about $1,779,000. Finally, Swiss National Bank raised its holdings in shares of RealReal by 8.9% in the 1st quarter. Swiss National Bank now owns 185,700 shares of the company’s stock worth $1,348,000 after purchasing an additional 15,200 shares during the period. Institutional investors own 89.19% of the company’s stock.

About RealReal (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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