The RealReal, Inc. (NASDAQ:REAL) Given Average Rating of “Moderate Buy” by Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $8.33.

A number of analysts recently issued reports on the company. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $4.00 to $15.00 in a report on Monday, December 9th. UBS Group lowered their target price on RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Northland Securities raised their price target on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th.

RealReal Stock Down 4.6 %

REAL stock opened at $5.81 on Friday. The firm has a market cap of $646.35 million, a price-to-earnings ratio of -4.50 and a beta of 3.00. RealReal has a twelve month low of $2.24 and a twelve month high of $11.38. The business’s fifty day simple moving average is $7.41 and its two-hundred day simple moving average is $6.14.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. Research analysts expect that RealReal will post -0.4 EPS for the current year.

Insider Activity

In related news, CEO John E. Koryl sold 396,478 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $161,991.30. Following the sale, the chief accounting officer now directly owns 330,117 shares of the company’s stock, valued at approximately $2,277,807.30. The trade was a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 654,761 shares of company stock worth $5,592,306. 9.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RealReal

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP grew its stake in RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after buying an additional 1,569 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of RealReal by 6.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company’s stock worth $622,000 after acquiring an additional 3,236 shares during the last quarter. R Squared Ltd acquired a new position in shares of RealReal during the fourth quarter valued at about $49,000. Price T Rowe Associates Inc. MD raised its position in shares of RealReal by 8.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 101,035 shares of the company’s stock valued at $1,105,000 after purchasing an additional 7,645 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in RealReal in the 4th quarter worth approximately $94,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Company Profile

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.