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

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

A number of brokerages recently issued reports on REAL. Wells Fargo & Company boosted their price target on RealReal from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday. Robert W. Baird set a $15.00 target price on RealReal in a report on Wednesday. Wall Street Zen raised RealReal from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. BTIG Research lifted their price objective on RealReal from $11.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, KeyCorp upgraded shares of RealReal from a “sector weight” rating to an “overweight” rating and set a $16.00 target price on the stock in a report on Wednesday, November 5th.

RealReal Price Performance

REAL stock opened at $15.71 on Friday. The company has a market capitalization of $1.83 billion, a PE ratio of -11.38 and a beta of 2.68. RealReal has a 12 month low of $4.61 and a 12 month high of $16.24. The firm’s 50-day moving average is $12.97 and its 200 day moving average is $9.16.

RealReal (NASDAQ:REAL) last released its quarterly earnings data 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 business had revenue of $173.57 million for the quarter, compared to the consensus estimate of $169.01 million. Sell-side analysts forecast that RealReal will post -0.4 EPS for the current fiscal year.

Insider Activity at RealReal

In other news, CAO Steve Ming Lo sold 59,789 shares of RealReal stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $14.46, for a total value of $864,548.94. Following the transaction, the chief accounting officer directly owned 249,553 shares in the company, valued at approximately $3,608,536.38. This trade represents a 19.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gopal Ajay Madan sold 30,196 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $13.06, for a total value 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 approximately $15,471,032.72. The trade was a 2.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,823,249 shares of company stock valued at $209,258,341 over the last quarter. 9.00% of the stock is owned by insiders.

Hedge Funds Weigh In On RealReal

A number of large investors have recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP grew 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 during the last quarter. American Century Companies Inc. boosted 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 purchasing an additional 1,786,493 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in RealReal by 501.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock worth $20,846,000 after buying an additional 1,634,782 shares during the last quarter. Penn Capital Management Company LLC acquired a new position in RealReal during the 3rd quarter valued at about $12,585,000. Finally, BIT Capital GmbH purchased a new stake in RealReal in the third quarter valued at about $10,912,000. 64.73% of the stock is currently owned by institutional investors.

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.