RealReal (NASDAQ:REAL) Rating Increased to Buy at Wall Street Zen

RealReal (NASDAQ:REAL) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other analysts have also weighed in on the stock. Robert W. Baird increased their price objective on shares of RealReal from $8.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday. KeyCorp raised shares of RealReal from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a report on Wednesday, November 5th. B. Riley reissued a “buy” rating and set a $14.00 price target (up from $12.00) on shares of RealReal in a research report on Tuesday. Roth Capital set a $17.50 price target on RealReal and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, BTIG Research upped their target price on RealReal from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.63.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $13.85 on Friday. The stock has a 50 day moving average price of $11.04 and a 200-day moving average price of $7.76. The firm has a market capitalization of $1.62 billion, a P/E ratio of -10.04 and a beta of 2.54. RealReal has a 52-week low of $3.84 and a 52-week high of $16.24.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The firm had revenue of $173.57 million for the quarter, compared to analysts’ expectations of $169.01 million. RealReal has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts forecast that RealReal will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Levesque Rati Sahi sold 260,171 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.94, for a total transaction of $2,065,757.74. Following the sale, the chief executive officer owned 1,803,044 shares of the company’s stock, valued at $14,316,169.36. The trade was a 12.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Steve Ming Lo sold 13,542 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $14.27, for a total transaction of $193,244.34. Following the completion of the sale, the chief accounting officer owned 331,768 shares in the company, valued at $4,734,329.36. This represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.00% of the stock is owned by insiders.

Hedge Funds Weigh In On RealReal

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in RealReal by 7.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,929,807 shares of the company’s stock valued at $63,034,000 after purchasing an additional 425,674 shares during the last quarter. Kanen Wealth Management LLC increased its stake in shares of RealReal by 26.2% in the second quarter. Kanen Wealth Management LLC now owns 4,708,623 shares of the company’s stock valued at $22,554,000 after purchasing an additional 978,660 shares during the period. Marshall Wace LLP raised its holdings in shares of RealReal by 3.4% during the second quarter. Marshall Wace LLP now owns 4,321,577 shares of the company’s stock valued at $20,700,000 after buying an additional 143,165 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of RealReal by 6.6% during the third quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company’s stock worth $27,944,000 after buying an additional 162,804 shares during the period. Finally, Jupiter Asset Management Ltd. grew its holdings in RealReal by 501.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock worth $20,846,000 after buying an additional 1,634,782 shares in the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

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.