Hey Zachary,
REAL has been suffering from some pretty negative sentiment. There has been no notable news out of REAL since quarterly results. Post results it did receive several downgrades because it is experiencing some pressure in terms of lower than expected volumes and tough comps against last year.
That is however, all short term noise. Even analysts recognize it is poised for long-term growth, it is just dealing with short-term pressures at the moment. Management also re-iterated it remains confident in its ability to hit 5-year targets. At this point in time however, negative momentum is ruling the day for REAL. It will need a catalyst, such as the onboarding of a new Tier 1 client to turn the time. In the meantime, the company is cheap - that there is no question. The company is still comfortably growing but it looks like it'll take a little longer for the company to fully realize its potential.
Sometimes, the markets take too short of a view as the long-term prospects for the company look quite strong. The company has never been cheaper and its actually trading a a near 100% discount to analysts one-year estimates of ~$19.00 per share - and this is after the recent downgrades.
Mat
(Of note, myself and Dan both own REAL and are in it for the long-haul).