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

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $17.9375.

Several research firms have commented on REAL. Northland Securities set a $20.00 target price on shares of RealReal in a research report on Wednesday, January 14th. BTIG Research increased their target price on shares of RealReal from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, December 30th. Wells Fargo & Company raised their target price on RealReal from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. B. Riley Financial upped their price target on RealReal from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, UBS Group increased their price objective on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, January 8th.

Insider Buying and Selling

In other news, CAO Steve Ming Lo sold 59,789 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $14.46, for a total value of $864,548.94. Following the completion of the sale, the chief accounting officer directly owned 249,553 shares in the company, valued at approximately $3,608,536.38. The trade was a 19.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gilbert L. Baird III sold 7,686,442 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $13.21, for a total transaction of $101,537,898.82. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 15,823,249 shares of company stock valued at $209,258,341. 9.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RealReal

Several large investors have recently made changes to their positions in REAL. Quarry LP acquired a new stake in RealReal in the 3rd quarter valued at approximately $28,000. Larson Financial Group LLC acquired a new stake in shares of RealReal in the third quarter worth $31,000. State of Alaska Department of Revenue bought a new position in RealReal during the third quarter worth $59,000. Flagship Harbor Advisors LLC acquired a new position in RealReal during the 4th quarter valued at $71,000. Finally, EHP Funds Inc. bought a new stake in RealReal in the 3rd quarter valued at $107,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Trading Up 4.1%

REAL opened at $13.09 on Friday. The stock has a fifty day moving average price of $15.34 and a 200 day moving average price of $11.77. RealReal has a 1 year low of $4.61 and a 1 year high of $17.39. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -9.49 and a beta of 2.65.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The firm had revenue of $173.57 million during the quarter, compared to the consensus estimate of $169.01 million. As a group, sell-side analysts forecast that RealReal will post -0.4 earnings per share for the current fiscal year.

About RealReal

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.