The RealReal, Inc. (NASDAQ:REAL) Receives Consensus Rating of “Hold” from Analysts

The RealReal, Inc. (NASDAQ:REALGet Rating) has earned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $4.57.

Several equities analysts recently issued reports on the stock. BTIG Research cut their price target on shares of RealReal to $3.00 in a report on Tuesday, November 15th. Piper Sandler cut their price target on shares of RealReal from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, October 18th. Robert W. Baird cut their price target on shares of RealReal from $6.00 to $3.75 in a report on Wednesday, November 9th. Wells Fargo & Company downgraded shares of RealReal from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $5.00 to $2.00 in a research note on Friday, January 6th. Finally, Raymond James cut shares of RealReal from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 9th.

RealReal Price Performance

Shares of REAL stock opened at $1.50 on Friday. RealReal has a 12-month low of $1.04 and a 12-month high of $11.07. The firm has a 50-day moving average price of $1.39 and a 200 day moving average price of $1.89.

RealReal (NASDAQ:REALGet Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.03. RealReal had a negative net margin of 35.66% and a negative return on equity of 11,650.13%. The firm had revenue of $142.70 million during the quarter, compared to the consensus estimate of $148.91 million. On average, research analysts predict that RealReal will post -2.14 EPS for the current year.

Hedge Funds Weigh In On RealReal

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quent Capital LLC bought a new position in RealReal in the second quarter valued at approximately $67,000. Camelot Portfolios LLC bought a new position in shares of RealReal during the second quarter worth $60,000. Bailard Inc. bought a new position in shares of RealReal during the second quarter worth $137,000. Corton Capital Inc. bought a new position in shares of RealReal during the second quarter worth $49,000. Finally, American Asset Management Inc. bought a new position in shares of RealReal during the third quarter worth $150,000. 65.44% of the stock is owned by institutional investors.

About RealReal

(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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Analyst Recommendations for RealReal (NASDAQ:REAL)

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