RealReal (NASDAQ:REAL) Given New $4.50 Price Target at Wedbush

RealReal (NASDAQ:REAL) had its price target hoisted by equities research analysts at Wedbush from $3.00 to $4.50 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price objective would suggest a potential upside of 6.64% from the stock’s current price.

Several other brokerages also recently issued reports on REAL. Wells Fargo & Company raised their target price on shares of RealReal from $2.00 to $4.00 and gave the company an “equal weight” rating in a research note on Wednesday. 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 research report on Friday, April 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $6.00 price objective on shares of RealReal in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.76.

RealReal Price Performance

Shares of NASDAQ REAL opened at $4.22 on Wednesday. The stock has a market capitalization of $447.10 million, a price-to-earnings ratio of -3.70 and a beta of 2.94. The business has a 50-day moving average of $3.50 and a 200-day moving average of $2.49. RealReal has a fifty-two week low of $1.10 and a fifty-two week high of $4.40.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, February 29th. The company reported ($0.15) earnings per share (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 analyst estimates of $142.80 million. On average, sell-side analysts expect that RealReal will post -0.79 EPS for the current year.

Insiders Place Their Bets

In other RealReal news, President Levesque Rati Sahi sold 30,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $3.22, for a total transaction of $96,600.00. Following the sale, the president now owns 1,312,719 shares of the company’s stock, valued at $4,226,955.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director James R. Miller sold 21,060 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $3.91, for a total value of $82,344.60. Following the sale, the director now owns 160,492 shares of the company’s stock, valued at $627,523.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Levesque Rati Sahi sold 30,000 shares of the business’s stock in a transaction 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 sale, the president now directly owns 1,312,719 shares in the company, valued at approximately $4,226,955.18. The disclosure for this sale can be found here. Insiders own 9.34% of the company’s stock.

Institutional Trading of RealReal

Several institutional investors have recently modified their holdings of REAL. Freedom Wealth Alliance LLC bought a new stake in shares of RealReal in the third quarter worth $29,000. Atria Wealth Solutions Inc. acquired a new position in RealReal in the third quarter valued at $37,000. Game Plan Financial Advisors LLC lifted its holdings in RealReal by 233.3% in the first quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock valued at $39,000 after buying an additional 7,000 shares during the period. Crown Wealth Group LLC acquired a new position in RealReal in the first quarter valued at $39,000. Finally, Searle & CO. acquired a new position in RealReal in the first quarter valued at $39,000. Institutional investors 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.