The RealReal, Inc. (NASDAQ:REAL) Receives Average Recommendation of “Buy” from Analysts

The RealReal, Inc. (NASDAQ:REAL – Get Rating) has earned a consensus recommendation of “Buy” from the seventeen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.00.

Several analysts have commented on REAL shares. Credit Suisse Group downgraded RealReal from an “outperform” rating to a “neutral” rating and cut their target price for the company from $15.00 to $8.00 in a research note on Tuesday, March 29th. Needham & Company LLC cut their target price on RealReal from $35.00 to $25.00 in a research note on Tuesday, January 25th. Bank of America cut their target price on RealReal from $22.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 24th. B. Riley cut their target price on RealReal from $12.00 to $9.00 in a research note on Wednesday, January 26th. Finally, Zacks Investment Research downgraded RealReal from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th.

In other news, insider Arnon Katz sold 34,543 shares of RealReal stock in a transaction dated Wednesday, February 23rd. The stock was sold at an average price of $7.65, for a total value of $264,253.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Steve Ming Lo sold 8,926 shares of RealReal stock in a transaction dated Sunday, February 20th. The stock was sold at an average price of $7.58, for a total value of $67,659.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,250 shares of company stock worth $782,541. Insiders own 27.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of RealReal by 6,938.9% in the first quarter. Nisa Investment Advisors LLC now owns 63,350 shares of the company’s stock worth $460,000 after purchasing an additional 62,450 shares during the last quarter. Keybank National Association OH bought a new stake in RealReal during the first quarter worth approximately $75,000. Parallel Advisors LLC increased its stake in RealReal by 758.9% during the first quarter. Parallel Advisors LLC now owns 3,178 shares of the company’s stock worth $25,000 after acquiring an additional 2,808 shares during the last quarter. Sciencast Management LP bought a new stake in RealReal during the first quarter worth approximately $243,000. Finally, Oak Ridge Investments LLC increased its stake in RealReal by 31.5% during the first quarter. Oak Ridge Investments LLC now owns 223,218 shares of the company’s stock worth $1,621,000 after acquiring an additional 53,418 shares during the last quarter. 89.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:REAL traded down $0.18 during trading on Tuesday, hitting $5.69. The stock had a trading volume of 118,271 shares, compared to its average volume of 2,690,415. RealReal has a 12 month low of $5.34 and a 12 month high of $25.50. The company has a quick ratio of 2.38, a current ratio of 2.75 and a debt-to-equity ratio of 4.76. The company has a market capitalization of $529.51 million, a PE ratio of -2.20 and a beta of 2.45. The firm’s fifty day moving average is $7.18 and its 200 day moving average is $10.28.

RealReal (NASDAQ:REAL – Get Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.55) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.05). RealReal had a negative net margin of 50.48% and a negative return on equity of 161.45%. The company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $135.03 million. During the same period last year, the business earned ($0.57) EPS. The firm’s quarterly revenue was up 71.4% on a year-over-year basis. Equities research analysts expect that RealReal will post -2.04 EPS for the current fiscal year.

RealReal Company Profile (Get Rating)

The RealReal, Inc operates an online marketplace for consigned luxury goods in the United State. It offers various product categories, including women's, men's, kids', jewelry and watches, and home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California.

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