Q2 2021 EPS Estimates for The RealReal, Inc. (NASDAQ:REAL) Reduced by Piper Sandler

The RealReal, Inc. (NASDAQ:REAL) – Equities researchers at Piper Sandler dropped their Q2 2021 earnings per share (EPS) estimates for shares of The RealReal in a research report issued to clients and investors on Monday, June 7th. Piper Sandler analyst E. Murphy now forecasts that the company will post earnings of ($0.52) per share for the quarter, down from their previous forecast of ($0.51). Piper Sandler also issued estimates for The RealReal’s Q3 2021 earnings at ($0.47) EPS, Q4 2021 earnings at ($0.28) EPS and FY2021 earnings at ($1.88) EPS.

The RealReal (NASDAQ:REAL) last released its quarterly earnings results on Monday, May 10th. The company reported ($0.49) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.54) by $0.05. The business had revenue of $98.80 million for the quarter, compared to analysts’ expectations of $95.61 million. The RealReal had a negative return on equity of 85.02% and a negative net margin of 61.23%. The company’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.39) earnings per share.

Several other brokerages also recently issued reports on REAL. Zacks Investment Research downgraded The RealReal from a “hold” rating to a “sell” rating in a research report on Wednesday, May 5th. Raymond James restated a “market perform” rating on shares of The RealReal in a research report on Monday, March 1st. Cowen upped their target price on The RealReal from $18.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 23rd. Morgan Stanley increased their price objective on The RealReal from $17.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 23rd. Finally, BTIG Research reiterated a “neutral” rating on shares of The RealReal in a research report on Monday, May 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.18.

NASDAQ:REAL opened at $19.43 on Wednesday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -8.83 and a beta of 3.09. The company’s 50 day moving average is $20.31. The RealReal has a 52 week low of $11.54 and a 52 week high of $30.22. The company has a debt-to-equity ratio of 1.60, a current ratio of 4.34 and a quick ratio of 4.00.

Several institutional investors have recently modified their holdings of REAL. BlackRock Inc. boosted its stake in The RealReal by 5.0% in the first quarter. BlackRock Inc. now owns 4,916,690 shares of the company’s stock valued at $111,265,000 after acquiring an additional 232,914 shares during the last quarter. Alliancebernstein L.P. lifted its position in The RealReal by 13.1% in the 4th quarter. Alliancebernstein L.P. now owns 3,783,784 shares of the company’s stock valued at $73,935,000 after acquiring an additional 439,386 shares in the last quarter. JPMorgan Chase & Co. lifted its position in The RealReal by 11.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,950,167 shares of the company’s stock valued at $66,762,000 after acquiring an additional 294,332 shares in the last quarter. Broad Peak Investment Holdings Ltd. increased its stake in The RealReal by 26.4% in the 1st quarter. Broad Peak Investment Holdings Ltd. now owns 2,815,606 shares of the company’s stock valued at $63,717,000 after buying an additional 587,300 shares during the last quarter. Finally, Millennium Management LLC increased its stake in The RealReal by 13.2% in the 1st quarter. Millennium Management LLC now owns 2,704,214 shares of the company’s stock valued at $61,196,000 after buying an additional 314,563 shares during the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Julie Wainwright sold 14,516 shares of the stock in a transaction dated Thursday, May 20th. The shares were sold at an average price of $15.39, for a total value of $223,401.24. Following the completion of the transaction, the chief executive officer now owns 3,028,983 shares of the company’s stock, valued at $46,616,048.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Levesque Rati Sahi sold 1,629 shares of the firm’s stock in a transaction that occurred on Monday, April 26th. The stock was sold at an average price of $23.80, for a total transaction of $38,770.20. Following the sale, the president now directly owns 450,000 shares of the company’s stock, valued at approximately $10,710,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,268 shares of company stock valued at $966,889. 27.80% of the stock is owned by corporate insiders.

The RealReal Company Profile

The RealReal, Inc operates an online marketplace for consigned luxury goods. It offers various 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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Earnings History and Estimates for The RealReal (NASDAQ:REAL)

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