Brokerages Set The RealReal, Inc. (NASDAQ:REAL) Target Price at $8.33

The RealReal, Inc. (NASDAQ:REAL) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $8.33.

Separately, UBS Group reduced their price objective on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th.

Insider Activity

In related news, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the sale, the insider now directly owns 556,557 shares of the company’s stock, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Levesque Rati Sahi sold 113,917 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $786,027.30. Following the completion of the transaction, the chief executive officer now directly owns 2,307,199 shares in the company, valued at $15,919,673.10. This represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 258,283 shares of company stock valued at $1,782,153. Insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP lifted its holdings in shares of RealReal by 120.1% in the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after buying an additional 1,569 shares during the period. R Squared Ltd acquired a new stake in RealReal in the fourth quarter valued at $49,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal during the 4th quarter worth $94,000. Jag Capital Management LLC acquired a new position in shares of RealReal during the 4th quarter worth $126,000. Finally, PharVision Advisers LLC purchased a new position in shares of RealReal in the 4th quarter valued at about $133,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $6.23 on Tuesday. The firm has a market capitalization of $704.58 million, a PE ratio of -4.83 and a beta of 2.90. RealReal has a 1 year low of $2.24 and a 1 year high of $11.38. The firm’s 50-day moving average is $5.83 and its two-hundred day moving average is $6.52.

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $162.69 million. Analysts expect that RealReal will post -0.4 EPS for the current fiscal year.

RealReal Company Profile

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.