The RealReal, Inc. (NASDAQ:REAL) Receives $18.06 Average Target Price from Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $18.0625.

REAL has been the topic of several recent research reports. UBS Group increased their price target on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. William Blair began coverage on shares of RealReal in a research report on Monday, December 15th. They set an “outperform” rating for the company. Wells Fargo & Company raised their target price on RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. BTIG Research reiterated a “buy” rating and set a $18.00 target price on shares of RealReal in a research report on Friday, February 27th. Finally, Robert W. Baird upped their price target on RealReal from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th.

Insiders Place Their Bets

In other news, insider Luke Thomas Friang sold 19,609 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $10.72, for a total value of $210,208.48. Following the completion of the transaction, the insider owned 479,656 shares of the company’s stock, valued at $5,141,912.32. This represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Gopal Ajay Madan sold 31,381 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $336,404.32. Following the transaction, the chief financial officer directly owned 1,124,711 shares of the company’s stock, valued at $12,056,901.92. The trade was a 2.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 235,298 shares of company stock valued at $2,522,395. Insiders own 9.00% of the company’s stock.

Institutional Trading of RealReal

Several hedge funds have recently modified their holdings of REAL. Quarry LP purchased a new position in shares of RealReal in the 3rd quarter worth approximately $28,000. Larson Financial Group LLC purchased a new stake in RealReal during the 3rd quarter valued at $31,000. Flagship Harbor Advisors LLC bought a new stake in RealReal in the fourth quarter worth $71,000. State of Alaska Department of Revenue purchased a new position in RealReal during the third quarter worth $59,000. Finally, Kemnay Advisory Services Inc. purchased a new position in RealReal during the fourth quarter worth $104,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Stock Down 0.5%

Shares of NASDAQ:REAL opened at $11.31 on Wednesday. The stock has a market capitalization of $1.35 billion, a PE ratio of -10.38 and a beta of 2.67. The firm’s 50 day moving average price is $14.07 and its 200-day moving average price is $12.51. RealReal has a twelve month low of $4.61 and a twelve month high of $17.39.

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.