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

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

REAL has been the subject of several analyst reports. UBS Group raised their price objective on shares of RealReal from $2.30 to $3.70 and gave the stock a “neutral” rating in a report on Friday, April 12th. Needham & Company LLC restated a “buy” rating and issued a $6.00 price objective on shares of RealReal in a research report on Friday, March 1st.

Insider Buying and Selling

In other news, President Levesque Rati Sahi sold 30,000 shares of the company’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 transaction of $96,600.00. Following the completion of the transaction, the president now directly owns 1,312,719 shares of the company’s stock, valued at approximately $4,226,955.18. The sale was disclosed in a filing with the SEC, which is available at this link. In other RealReal news, President Levesque Rati Sahi sold 30,000 shares of the firm’s stock in a transaction 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 directly owns 1,312,719 shares of the company’s stock, valued at approximately $4,226,955.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Miller sold 21,060 shares of RealReal stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $3.91, for a total value of $82,344.60. Following the transaction, the director now owns 160,492 shares in the company, valued at approximately $627,523.72. The disclosure for this sale can be found here. 9.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On RealReal

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Findell Capital Management LLC purchased a new stake in RealReal in the fourth quarter valued at approximately $13,681,000. Manatuck Hill Partners LLC lifted its stake in RealReal by 5.8% in the third quarter. Manatuck Hill Partners LLC now owns 3,650,000 shares of the company’s stock valued at $7,702,000 after buying an additional 200,000 shares during the last quarter. Capricorn Fund Managers Ltd lifted its stake in RealReal by 15.0% in the fourth quarter. Capricorn Fund Managers Ltd now owns 1,150,000 shares of the company’s stock valued at $2,312,000 after buying an additional 150,000 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in RealReal in the third quarter valued at approximately $1,930,000. Finally, EAM Investors LLC purchased a new stake in RealReal in the third quarter valued at approximately $1,043,000. 64.73% of the stock is owned by institutional investors and hedge funds.

RealReal Trading Up 7.9 %

Shares of REAL opened at $4.21 on Tuesday. The stock has a market capitalization of $446.05 million, a P/E ratio of -2.52 and a beta of 2.94. The firm’s fifty day simple moving average is $3.41 and its two-hundred day simple moving average is $2.47. RealReal has a 12 month low of $1.10 and a 12 month high of $4.35.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.04. The firm had revenue of $143.37 million during the quarter, compared to analysts’ expectations of $142.80 million. As a group, research analysts predict that RealReal will post -0.79 EPS for the current fiscal year.

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.