RealReal (NASDAQ:REAL) Given New $9.00 Price Target at UBS Group

RealReal (NASDAQ:REAL) had its price objective lowered by stock analysts at UBS Group from $10.00 to $9.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 32.45% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Securities lifted their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.33.

RealReal Stock Performance

Shares of NASDAQ REAL traded up $0.06 during mid-day trading on Wednesday, hitting $6.80. 1,325,863 shares of the stock were exchanged, compared to its average volume of 3,360,773. RealReal has a twelve month low of $1.56 and a twelve month high of $11.38. The stock’s fifty day simple moving average is $8.97 and its two-hundred day simple moving average is $5.66. The company has a market cap of $745.35 million, a P/E ratio of -5.26 and a beta of 2.83.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The business had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $162.69 million. As a group, equities research analysts predict that RealReal will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the transaction, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Levesque Rati Sahi sold 113,917 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $786,027.30. Following the completion of the sale, the chief executive officer now directly owns 2,307,199 shares of the company’s stock, valued at $15,919,673.10. This represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 751,427 shares of company stock worth $6,181,969. Insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Several hedge funds have recently added to or reduced their stakes in REAL. Quarry LP grew its holdings in shares of RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after acquiring an additional 1,569 shares during the period. R Squared Ltd purchased a new stake in shares of RealReal in the 4th quarter worth $49,000. XTX Topco Ltd purchased a new stake in RealReal in the 3rd quarter worth $63,000. Intech Investment Management LLC purchased a new stake in RealReal in the 3rd quarter worth $88,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of RealReal during the 4th quarter valued at about $94,000. Institutional investors own 64.73% of the company’s stock.

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.