The RealReal, Inc. (NASDAQ:REAL) Receives $8.33 Average Target Price from Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two 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 analysts that have updated their coverage on the stock in the last year is $8.33.

A number of research firms recently weighed in on REAL. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $4.00 to $15.00 in a report on Monday, December 9th. UBS Group decreased their price objective on shares of 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 objective on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th.

RealReal Trading Up 1.5 %

REAL opened at $5.40 on Monday. The company has a fifty day simple moving average of $8.41 and a 200 day simple moving average of $5.81. The firm has a market cap of $600.73 million, a price-to-earnings ratio of -4.19 and a beta of 3.00. RealReal has a twelve month low of $2.24 and a twelve month high of $11.38.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. On average, analysts forecast that RealReal will post -0.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John E. Koryl sold 396,478 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the transaction, the chief accounting officer now owns 330,117 shares in the company, 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. Insiders sold a total of 654,761 shares of company stock valued at $5,592,306 in the last ninety days. Corporate insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quarry LP lifted its position in shares of RealReal by 120.1% in 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. R Squared Ltd bought a new position in shares of RealReal in the 4th quarter worth about $49,000. XTX Topco Ltd bought a new position in shares of RealReal in the 3rd quarter worth about $63,000. Intech Investment Management LLC bought a new stake in RealReal in the 3rd quarter valued at about $88,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in RealReal in the 4th quarter valued at about $94,000. 64.73% of the stock is currently owned by 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.