RealReal (NASDAQ:REAL) Now Covered by Northland Securities

Northland Securities began coverage on shares of RealReal (NASDAQ:REAL) in a research report sent to investors on Monday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $6.00 price objective on the stock.

A number of other research firms have also weighed in on REAL. Wedbush lowered their target price on RealReal from $4.50 to $4.00 and set an outperform rating for the company in a report on Wednesday, August 7th. Robert W. Baird reduced their price target on RealReal from $4.00 to $3.50 and set a neutral rating for the company in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, RealReal has a consensus rating of Moderate Buy and an average price target of $4.40.

RealReal Trading Down 1.2 %

Shares of RealReal stock opened at $3.21 on Monday. The stock’s fifty day moving average price is $2.93 and its 200-day moving average price is $3.38. The firm has a market cap of $340.16 million, a P/E ratio of -2.82 and a beta of 2.81. RealReal has a 12 month low of $1.26 and a 12 month high of $4.64.

RealReal (NASDAQ:REAL) last posted its earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The business had revenue of $144.93 million for the quarter, compared to analysts’ expectations of $139.85 million. Analysts forecast that RealReal will post -0.74 earnings per share for the current year.

Insider Activity at RealReal

In other news, CAO Steve Ming Lo sold 20,610 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total transaction of $53,792.10. Following the sale, the chief accounting officer now owns 508,528 shares in the company, valued at $1,327,258.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other RealReal news, Director James R. Miller sold 53,526 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $3.24, for a total transaction of $173,424.24. Following the transaction, the director now owns 157,891 shares in the company, valued at approximately $511,566.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Steve Ming Lo sold 20,610 shares of RealReal stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total transaction of $53,792.10. Following the sale, the chief accounting officer now owns 508,528 shares of the company’s stock, valued at $1,327,258.08. The disclosure for this sale can be found here. Insiders have sold 169,863 shares of company stock valued at $477,394 in the last ninety days. Corporate insiders own 9.78% of the company’s stock.

Hedge Funds Weigh In On RealReal

Several hedge funds have recently made changes to their positions in REAL. Crown Wealth Group LLC purchased a new stake in RealReal during the 1st quarter valued at about $39,000. Searle & CO. purchased a new stake in RealReal in the first quarter valued at approximately $39,000. Game Plan Financial Advisors LLC increased its holdings in RealReal by 233.3% in the 1st quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock worth $39,000 after buying an additional 7,000 shares during the period. Drive Wealth Management LLC purchased a new position in RealReal during the 2nd quarter worth approximately $32,000. Finally, Calamos Advisors LLC acquired a new stake in RealReal during the 2nd quarter valued at approximately $34,000. 64.73% of the stock is owned by institutional investors and hedge funds.

About RealReal

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.