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

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

REAL has been the topic of several recent analyst reports. Northland Securities lifted their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, UBS Group decreased their target price on RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th.

RealReal Stock Performance

Shares of REAL stock opened at $5.57 on Friday. The stock’s 50 day simple moving average is $7.17 and its 200 day simple moving average is $6.25. RealReal has a twelve month low of $2.24 and a twelve month high of $11.38. The company has a market capitalization of $619.65 million, a price-to-earnings ratio of -4.32 and a beta of 3.00.

RealReal (NASDAQ:REAL) last announced 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 business had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. On average, analysts forecast that RealReal will post -0.4 EPS for the current fiscal year.

Insider Transactions at RealReal

In related news, insider Luke Thomas Friang sold 18,503 shares of RealReal stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the sale, the insider now directly owns 556,557 shares of the company’s stock, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gopal Ajay Madan sold 102,386 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the transaction, the chief financial officer now owns 1,327,198 shares in the company, valued at $9,157,666.20. This represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 654,761 shares of company stock worth $5,592,306. 9.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RealReal

A number of institutional investors have recently bought and sold shares of the business. Quarry LP raised its stake in shares of RealReal by 120.1% in the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after buying an additional 1,569 shares in the last quarter. R Squared Ltd bought a new stake in RealReal in the fourth quarter valued at about $49,000. XTX Topco Ltd acquired a new position in RealReal in the third quarter worth about $63,000. Intech Investment Management LLC bought a new position in RealReal during the third quarter worth about $88,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in RealReal during the fourth quarter valued at approximately $94,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

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.