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

Shares of The RealReal, Inc. (NASDAQ:REAL) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $17.0714.

Several analysts recently issued reports on REAL shares. William Blair started coverage on RealReal in a research note on Monday, December 15th. They issued an “outperform” rating on the stock. Roth Capital set a $17.50 price target on RealReal and gave the company a “buy” rating in a research report on Wednesday, October 29th. BTIG Research lifted their price objective on RealReal from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, December 30th. KeyCorp raised RealReal from a “sector weight” rating to an “overweight” rating and set a $16.00 target price on the stock in a research note on Wednesday, November 5th. Finally, Robert W. Baird set a $15.00 target price on RealReal in a report on Wednesday, December 17th.

Insiders Place Their Bets

In other news, CEO Levesque Rati Sahi sold 97,036 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $13.06, for a total value of $1,267,290.16. Following the completion of the sale, the chief executive officer directly owned 1,604,178 shares of the company’s stock, valued at approximately $20,950,564.68. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gilbert L. Baird III sold 7,686,442 shares of RealReal stock in a transaction dated 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. In the last ninety days, insiders sold 15,823,249 shares of company stock worth $209,258,341. Company insiders own 9.00% of the company’s stock.

Institutional Trading of RealReal

Several large investors have recently bought and sold shares of REAL. Quarry LP bought 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 in the third quarter worth $31,000. State of Alaska Department of Revenue purchased a new stake in RealReal in the third quarter worth $59,000. Farther Finance Advisors LLC bought a new position in RealReal in the second quarter worth $60,000. Finally, Kapitalo Investimentos Ltda bought a new position in RealReal in the second quarter worth $101,000. 64.73% of the stock is owned by institutional investors.

RealReal Stock Up 1.6%

Shares of NASDAQ REAL opened at $16.71 on Tuesday. The firm’s fifty day moving average is $14.54 and its 200 day moving average is $10.50. RealReal has a 52 week low of $4.61 and a 52 week high of $16.90. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -12.11 and a beta of 2.60.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The business had revenue of $173.57 million for the quarter, compared to analyst estimates of $169.01 million. Equities research analysts anticipate that RealReal will post -0.4 earnings per share for the current 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.