Brokerages Set The RealReal, Inc. (NASDAQ:REAL) Target Price at $3.61

The RealReal, Inc. (NASDAQ:REAL) has earned a consensus rating of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.61.

Several equities research analysts have recently commented on the company. UBS Group upped their target price on RealReal from $2.30 to $3.70 and gave the company a “neutral” rating in a report on Friday. Robert W. Baird reissued a “neutral” rating and issued a $2.75 price objective (down from $3.25) on shares of RealReal in a research note on Thursday, January 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $6.00 price objective on shares of RealReal in a research note on Friday, March 1st.

RealReal Stock Down 6.1 %

Shares of REAL stock opened at $3.25 on Friday. The stock has a 50-day simple moving average of $2.85 and a 200 day simple moving average of $2.27. RealReal has a fifty-two week low of $1.00 and a fifty-two week high of $4.10. The stock has a market capitalization of $340.24 million, a P/E ratio of -1.95 and a beta of 2.99.

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, February 29th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.04. The firm had revenue of $143.37 million for the quarter, compared to the consensus estimate of $142.80 million. On average, sell-side analysts anticipate that RealReal will post -0.79 earnings per share for the current year.

Insider Buying and Selling at RealReal

In other RealReal news, President Levesque Rati Sahi sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $3.22, for a total value of $96,600.00. Following the completion of the sale, the president now owns 1,312,719 shares in the company, valued at approximately $4,226,955.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Karen Katz bought 6,500 shares of the stock in a transaction dated Friday, March 8th. The stock was bought at an average cost of $3.85 per share, with a total value of $25,025.00. Following the purchase, the director now owns 183,476 shares of the company’s stock, valued at $706,382.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Levesque Rati Sahi sold 30,000 shares of RealReal stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $3.22, for a total value of $96,600.00. Following the completion of the sale, the president now directly owns 1,312,719 shares of the company’s stock, valued at $4,226,955.18. The disclosure for this sale can be found here. Insiders own 9.34% of the company’s stock.

Institutional Investors Weigh In On RealReal

A number of institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its holdings in shares of RealReal by 436.2% in the second quarter. Osaic Holdings Inc. now owns 12,525 shares of the company’s stock valued at $28,000 after purchasing an additional 10,189 shares in the last quarter. Freedom Wealth Alliance LLC bought a new stake in RealReal during the third quarter worth about $29,000. Barclays PLC raised its holdings in RealReal by 550.1% during the fourth quarter. Barclays PLC now owns 23,754 shares of the company’s stock worth $29,000 after acquiring an additional 20,100 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in RealReal by 455.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 23,648 shares of the company’s stock worth $30,000 after acquiring an additional 19,392 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in RealReal by 80.1% during the third quarter. Tower Research Capital LLC TRC now owns 21,688 shares of the company’s stock worth $32,000 after buying an additional 9,647 shares during the last quarter. 64.73% of the stock is owned by institutional investors and hedge funds.

About RealReal

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.