The RealReal, Inc. (NASDAQ:REAL) Given Average Recommendation of “Moderate Buy” by Brokerages

The RealReal, Inc. (NASDAQ:REAL) has received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $16.3571.

Several equities research analysts have recently issued reports on the stock. Robert W. Baird set a $15.00 price objective on shares of RealReal in a research report on Wednesday. William Blair started coverage on shares of RealReal in a report on Monday. They issued an “outperform” rating on the stock. Wells Fargo & Company raised their price objective on RealReal from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday. UBS Group boosted their target price on RealReal from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Finally, Wall Street Zen raised RealReal from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th.

Insider Activity

In related news, CEO Levesque Rati Sahi sold 97,036 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $13.06, for a total transaction of $1,267,290.16. Following the sale, the chief executive officer owned 1,604,178 shares of the company’s stock, valued at $20,950,564.68. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gopal Ajay Madan sold 30,196 shares of RealReal stock in a transaction on Friday, November 21st. The stock was sold at an average price of $13.06, for a total transaction of $394,359.76. Following the completion of the transaction, the chief financial officer directly owned 1,184,612 shares of the company’s stock, valued at $15,471,032.72. The trade was a 2.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 15,823,249 shares of company stock worth $209,258,341. 9.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in REAL. Tudor Investment Corp ET AL boosted its holdings in shares of RealReal by 25.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 689,998 shares of the company’s stock worth $7,335,000 after purchasing an additional 141,699 shares during the period. Penn Capital Management Company LLC purchased a new position in shares of RealReal during the third quarter valued at approximately $12,585,000. CIBC Bancorp USA Inc. bought a new position in shares of RealReal during the third quarter valued at approximately $108,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of RealReal by 110.4% in the third quarter. CANADA LIFE ASSURANCE Co now owns 29,046 shares of the company’s stock worth $312,000 after buying an additional 15,244 shares during the period. Finally, Voleon Capital Management LP purchased a new stake in shares of RealReal in the third quarter worth approximately $850,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Stock Up 6.8%

Shares of RealReal stock opened at $15.71 on Friday. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -11.38 and a beta of 2.68. The stock’s 50-day simple moving average is $12.97 and its 200-day simple moving average is $9.16. RealReal has a 52 week low of $4.61 and a 52 week high of $16.24.

RealReal (NASDAQ:REAL) last released its earnings results on Monday, November 10th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The company had revenue of $173.57 million during the quarter, compared to analysts’ expectations of $169.01 million. On average, equities analysts expect that RealReal will post -0.4 earnings per share for the current year.

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.