|Bid||15.25 x 1000|
|Ask||15.86 x 800|
|Day's Range||15.23 - 16.89|
|52 Week Range||1.08 - 200.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.67|
LOS ANGELES, CA / ACCESSWIRE / August 24, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The RealReal, Inc. ...
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The RealReal, Inc. (“RealReal” or “the Company”) (NASDAQ: REAL) for false and misleading SEC filings. We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
The San Francisco tech retailer's latest funding round will accelerate new retail partnerships, infrastructure expansion, and marketplace growth.
The RealReal’s secondhand luxury model recovered quickly from unexpected discounting at department stores, executives said.
What a beating bulls are taking on Wednesday. Just a day after the markets were jumping higher on delayed tariffs, they're down much more as the 2-year and 10-year Treasury yield curve inverted. Let's look at some top stock trades. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA)Almost a year after falling apart, Nvidia (NASDAQ:NVDA) stock is still trying to find its footing. Shares are dangling by a thread at $148, a level that marks the August lows.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 15 Growth Stocks to Buy for the Long Haul Below this level immediately opens up NVDA stock to a possibly decline down to $144. Below that and the support range between $130 and $135 is on the table.If $148 holds, bulls will need to see Nvidia reclaim the 50-day and 200-day moving averages near $159 and $162 before shares look better on the long side. Top Stock Trades for Tomorrow No. 2: Alphabet (GOOGL)Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) is perched in a precarious spot. The stock is resting right on uptrend support (blue line), which has been in place since the June lows.If support holds, look to see that GOOGL reclaims the 20-day moving average and 38.2% retracement. If it fails, Alphabet looks attractive near $1,140. There it will have the 50% retracement, with the 50-day and 200-day moving averages just below.If the stock really craters, a dip into the $1,000 to $1,020 area has been a good buy zone for GOOGL. Top Stock Trades for Tomorrow No. 3: Cisco (CSCO)Cisco Systems (NASDAQ:CSCO) is sitting in a very right-or-wrong position as range support sits between $50 and $51. It helps that the 200-day moving average is at $50.60 as well. The 38.2% retracement is just above this mark as well.See what I mean? Either support holds and Cisco bounces, or it fails and lower prices will be ushered in.Below this range could trigger a decline down to the 50% retracement near $49.25-ish. Below that and the 61.8% retracement near $47 could be in play.If support holds, a bounce up the 20-day moving average is the first upside target, while the 50-day moving average is the second target.Making it all that much trickier? Cisco reports after the bell. Top Stock Trades for Tomorrow No. 4: The RealReal (REAL)The breakdown in The RealReal (NASDAQ:REAL) showed itself a few days ago, when support gave away as downtrend resistance was squeezing it lower. Wednesday's 15% post-earnings beating only worsens the loss, as REAL is now well below its $20 IPO price.From an investment standpoint, perhaps investors may start to find The RealReal attractive. From a trading perspective, it's anything but.Bulls need to wait for a reversal to take place in REAL. Ideally, shares will trade below the daily low and reverse higher, closing above those prior lows. A higher open that fails to take out the lows makes the rally somewhat suspect, but not impossible.Give this one some more time to set up if you're trading it, particularly in this current environment. Top Stock Trades for Tomorrow No. 5: Talend (TLND)Talend (NASDAQ:TLND) has been a beast on Wednesday, rallying 1% in the face of a big market decline.Shares continue to trade really well this month, gapping up over downtrend resistance (purple line), and maintaining above the 20-day and 50-day moving averages.A close over $40 likely kickstarts a rally up to the 200-day moving average. If short-term uptrend support fails (blue line) and TLND trades below $38, look for moving average support to buoy the name.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA and GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post 5 Top Stock Trades for Thursday: NVDA, GOOGL, CSCO, REAL appeared first on InvestorPlace.
RealReal Inc (NASDAQ: REAL) shares are plunging one day after reporting its second-quarter report. Credit Suisse analyst Michael Binetti said despite heightened investor fears heading into the quarter, it was key for the company to show upside to top line consensus expectations. Bank of America analyst Justin Post saw the second quarter as solid with order volume upside, increase in repeat customer GMV and progress on pricing automation as positives.
Not for the first time, America's famous tech behemoths seem to be in regulators' crosshairs; The RealReal, meanwhile, posts its first quarterly figures as a publicly traded company.
(Bloomberg) -- RealReal Inc. shares climbed on Wednesday as the seller of secondhand luxury goods topped Wall Street estimates in its debut quarter as a public company.“RealReal was solid out of the gate,” Credit Suisse Securities analyst Michael Binetti wrote.The quarter’s highlight was the 40% year-over-year gain in gross merchandise volume, a key measure for online retailers. That metric signals strong demand for the reseller of luxury goods, analysts said. Meanwhile, sales increased 51% from the year-ago period.Shares gained as much as 10% in New York, paring its decline since its June 28 initial public offering to 12%.Here’s what Wall Street analysts are saying:Cowen, Oliver Chen“Gross merchandise volume (GMV) growth was impressive at 40%.”Chen flags management’s comments that promotional trends so far in the current quarter are improving, which should lead to better average order value.“We are most encouraged by REAL’s ability to drive high repeat purchases among its loyal customer base and its progress with automation, which is critical to achieving profitability and driving scale.”Rates the stock outperform and maintained his price target of $32.Credit Suisse, Michael Binetti“Our view was that it’s key for REAL to show upside to top line consensus expectations and progress towards the long path to profitability. REAL delivered on both.”REAL is in a “solid position” to continue driving upward revisions to Wall Street estimates throughout the year, even if the company decides to “spend back” some revenue upside in order to fund new customer growth.Rates outperform, price target $30.KeyBanc, Edward Yruma“Performance during the 2Q points to the strength of its product mix” such as handbags, jewelry, watches.Yruma expects RealReal’s annual marketing spend will be below 16% of sales this year, down from more than 30% of sales as recently as 2016.“Marketing is key to REAL’s long-term model and for the company to achieve our expectation of break-even Ebitda by 2022.”Rates overweight, price target $31.(Updates stock price in fourth graph; adds chart.)To contact the reporter on this story: Janet Freund in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Will DaleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The RealReal (Nasdaq: REAL)--the world’s largest online marketplace for authenticated, consigned luxury goods--today released its annual Resale Report. Based on sales and demand data from millions of shoppers and millions of items sold, the report offers a definitive look at the shopping shifts and rising trends in luxury resale. Nearly all of The RealReal’s customers also regularly shop department stores, but as they grow increasingly motivated by sustainability, shoppers are turning to luxury resale as a replacement for fast fashion.
Dow Jones futures: The Treasury yield curve inverted Wednesday morning, sparking recession fears on weak China and German economic data. That followed Tuesday's stock market rally.
U.S. stock futures decline a day after the U.S. said it would hold off on levying tariffs on Chinese imports, including consumer products such as cellphones, laptops and toys; Cisco and Macy's report earnings; CBS and Viacom merge to form a $30 billion media giant; Tilray sinks after posting a wider-than-expected quarterly loss.
The online marketplace for second-hand luxury goods posted revenue of $71 million, up 51% year over year, and slightly ahead of Wall Street’s consensus of $70.1 million.
Shares in RealReal Inc. , an e-commerce company that sells secondhand luxury goods, jumped more than 13% after its first earnings report as a public company Tuesday. The RealReal went public in late June, receiving an initial valuation north of $1.5 billion that grew quickly on the public markets. Shares took a hit last week, however, after tough earnings reports from two other young e-commerce stocks focused on luxury goods, FarFetch Ltd. and Revolve Group Inc. Shares moved higher and lower in after-hours trading Tuesday as investors digested losses that appeared to be much greater than expected until taking the share count into play. RealReal reported second-quarter losses of $26.9 million, or $2.83 a share, on sales of $71 million, up 51% from the year before. After adjusting for stock-based compensation and other effects, the company claimed losses of $2.50 a share, but said that would have fallen to 28 cents a share using the share count expected after the IPO, which took place after the quarter closed. Analysts on average expected adjusted losses of 33 cents a share on sales of $71 million, according to FactSet. RealReal shares closed Tuesday with a 4.9% decline at $17, but were closer to the IPO price of $20 a share in after-hours trading.
Q2 Total Revenue Increased 51% Year over Year to $71.0 millionQ2 Gross Merchandise Value Increased 40% Year over Year to $228.5 million SAN FRANCISCO, Aug. 13, 2019 -- The.
Bay Area unicorn tech companies stampeded toward the IPO gate this year, making a large number of founders billionaires — in some cases more than four times over. Seven founders of the 11 Bay Area tech companies that went public this year now hold stakes worth more than $1 billion, based on the founders’ holdings on the day of the IPO, as noted in their Securities and Exchange Commission filings, as well as closing stock prices on Monday. “The one difference from 10 years ago is many of them have already sold stock through secondaries while private, so they usually have taken care of the basics like buying a home by the time they go public,” said Andy Rachleff, co-founder and CEO of online financial advising firm Wealthfront.
After a turbulent week for stocks, the markets are facing another volatile week as the trade war and key economic data take centerstage.
(Bloomberg) -- Shares in three of the year’s hottest IPOs, Uber Technologies Inc., Revolve Group Inc. and Fastly Inc., plunged Friday as the latest batch of newly listed companies reported some of the most disappointing results this earnings season.Uber shares ended Friday 6.8% lower after the ride-hailing company missed sales estimates. Revolve fell 15.6% after the fashion e-tailer reported earnings below expectations. And Fastly, which saw its shares dip below its IPO price intraday, declined 18.1% after reporting lighter than expected margins.The disappointment spread to other IPOs that have not even reported yet, with RealReal Inc. shares tumbling 23% to below its IPO price of $20.Call it an upset, given the hype that tends to follow IPOs. Among the nearly 20 freshly listed companies that reported earnings this week, the majority fell in the next session. IPOs are rising 0.2% on average following reports, lagging behind S&P 500 stocks, which climbed 5.3% on average, according to data compiled by Bloomberg.Other newcomers on deck to report earnings include Adaptive Biotechnologies Corp., Greenlane Holdings Inc., RealReal Inc., and Grocery Outlet Holding Inc. They are among the more well-received IPOs of this year with stocks that opened at least 40% above their offer prices. All are first-time reporters.Cross-border IPOs will be tested as well when China’s big brands So-Young International Inc. and Luckin Coffee Inc. do their show-and-tell.(Updates shares in 1st and 2nd paragraphs, adds RealReal shares in 3rd.)\--With assistance from Drew Singer.To contact the reporter on this story: Crystal Kim in New York at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Jennifer Bissell-Linsk, Richard RichtmyerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg Opinion) -- The slew of value- and mid-price retailers that have entered bankruptcy in recent years is getting some posh company.Barneys New York, the upscale department store, said Tuesday that it had filed for Chapter 11 bankruptcy protection after reports that it was seeking a lifeline as it grappled with high rents and tough competition. The retailer said it planned to close 15 physical stores. The remaining business will include five flagship department stores, two Warehouse stores and its e-commerce shop.Barneys isn’t a particularly large chain; Saks Fifth Avenue and Neiman Marcus are close competitors that have more stores. So its closings won’t roil the retail landscape like those of ubiquitous retailers such as Sears or Toys “R” Us. However, thanks to paparazzi photos of Kim Kardashian and other celebrities stopping by its stores, and the reputation of its Freds restaurant as a hub for New York’s elite, it looms large as a defining emblem of American luxury.Its financial woes are similarly symbolic because they demonstrate just how much the pressure to innovate in the luxury business has ramped up in recent years.Luxury apparel and accessories brands and stores weren’t exactly at the leading edge of e-commerce, with some in the industry believing that consumers would never migrate en masse to online shopping for expensive pieces that were traditionally sold with high-touch customer service. That notion has been disproved, and online is quickly becoming the category’s most important battleground.It isn’t that Barneys stood still on e-commerce. I remember interviewing a senior e-commerce executive there in 2015 and thinking the company was making good progress on buzzy industry ideas such as personalization. The problem is competition for a relatively narrow market — meaning shoppers who can shell out $4,820 for a midi dress — is becoming fiercer.Richemont’s Net-a-Porter has established itself as a go-to digital destination. Matches Fashion, which is based in the U.K. but counts the U.S. as its largest market, is becoming a formidable e-commerce force with a particular emphasis on introducing customers to new, under-the-radar designers. That is something Barneys has also been known for over the years.Meanwhile, marquee luxury brands are lavishing more attention on their own stores and websites, seeking more control over the customer experience. And resale marketplaces such as Farfetch Ltd. and the RealReal Inc. are putting secondhand luxury inventory at shoppers’ fingertips. In other words, customers who might have defaulted to Barneys five years ago have seen an explosion of other options.Barneys isn’t just a victim of evolving shopping habits, though. The company said in its press release that it has also been choked by high rents. The Wall Street Journal has reported the rent on its Madison Avenue store has risen to $27.9 million from $16.2 million earlier this year. According to data from CBRE, rents in prime shopping areas in Manhattan have fallen from recent peaks, but they remain elevated from where they were at the beginning of the decade.It’s clear that the value of the Manhattan or other big city flagships is being re-evaluated up and down the retail food chain. Lord & Taylor closed its storied Manhattan location, and Ralph Lauren Corp. and Abercrombie & Fitch Co. have also moved to give up New York flagships. These chains seem to be deciding that they don’t need flashy showpieces, just productive stores.The trouble is, an ultra-high-end retailer like Barneys does need showpieces. It needs for its stores to be emporiums of rarity and inspiration. Matches Fashion recently set up a temporary shop on a yacht and ferried customers around the Italian Coastline. The renovated Selfridges in London is setting an extremely high bar for what global luxury shopping should look like. Barneys needs to keep up, and having sprawling, well-appointed stores in big cities is part of that.So, while less-upscale retailers can afford to ditch or shrink their lavish flagships, Barneys simply can’t. And that makes its recovery that much more difficult.Barneys may emerge from its bankruptcy as a smaller but healthier company. The fact that it ended up here, though, should put the rest of the luxury world on notice. No matter how iconic your brand, you aren’t immune to sweeping change.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Daniel Niemi at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.