RealReal (NASDAQ:REAL) Downgraded to Hold Rating by Wall Street Zen

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

Other research analysts have also recently issued research reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Thursday, January 22nd. William Blair began coverage on shares of RealReal in a research report on Monday, December 15th. They set an “outperform” rating for the company. KeyCorp boosted their price objective on shares of RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. B. Riley upped their price objective on shares of RealReal from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, UBS Group raised their target price on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, RealReal currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.94.

RealReal Trading Down 5.0%

Shares of NASDAQ:REAL opened at $14.67 on Friday. The stock has a market capitalization of $1.71 billion, a P/E ratio of -10.63 and a beta of 2.60. The stock’s 50-day moving average price is $15.39 and its 200-day moving average price is $11.48. RealReal has a 12-month low of $4.61 and a 12-month high of $17.39.

RealReal (NASDAQ:REAL) last issued its earnings results 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 company had revenue of $173.57 million during the quarter, compared to the consensus estimate of $169.01 million. As a group, research analysts predict that RealReal will post -0.4 EPS for the current year.

Insider Activity

In related news, insider Todd A. Suko sold 72,933 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $14.10, for a total transaction of $1,028,355.30. Following the transaction, the insider owned 606,510 shares in the company, valued at $8,551,791. The trade was a 10.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Steve Ming Lo sold 59,789 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $14.46, for a total transaction of $864,548.94. Following the completion of the sale, the chief accounting officer owned 249,553 shares of the company’s stock, valued at $3,608,536.38. This trade represents a 19.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 15,823,249 shares of company stock worth $209,258,341. 9.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On RealReal

Hedge funds have recently made changes to their positions in the company. Divisadero Street Capital Management LP raised its holdings in RealReal by 652.5% in the third quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock worth $27,636,000 after purchasing an additional 2,254,300 shares in the last quarter. American Century Companies Inc. grew its position in shares of RealReal by 3,474.7% in the 3rd quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock worth $19,537,000 after buying an additional 1,786,493 shares during the period. Jupiter Asset Management Ltd. increased its stake in shares of 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 acquiring an additional 1,634,782 shares in the last quarter. Penn Capital Management Company LLC bought a new position in shares of RealReal in the 3rd quarter worth about $12,585,000. Finally, BIT Capital GmbH purchased a new position in RealReal during the 3rd quarter valued at about $10,912,000. 64.73% of the stock is currently owned by institutional investors.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.