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

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

REAL has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a report on Thursday, January 22nd. Northland Securities set a $20.00 target price on shares of RealReal in a research note on Wednesday, January 14th. B. Riley Financial increased their price target on shares of RealReal from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Wall Street Zen downgraded RealReal from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, William Blair began coverage on RealReal in a research note on Monday, December 15th. They issued an “outperform” rating on the stock.

RealReal Stock Up 4.1%

REAL stock opened at $13.09 on Friday. RealReal has a twelve month low of $4.61 and a twelve month high of $17.39. The company has a market cap of $1.53 billion, a PE ratio of -9.49 and a beta of 2.65. The business’s 50-day simple moving average is $15.34 and its 200 day simple moving average is $11.77.

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

Insider Activity

In other RealReal news, CFO Gopal Ajay Madan sold 30,196 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $13.06, for a total transaction of $394,359.76. Following the completion of the transaction, the chief financial officer directly owned 1,184,612 shares in the company, valued at $15,471,032.72. This represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Levesque Rati Sahi sold 97,036 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $13.06, for a total transaction of $1,267,290.16. Following the completion of the sale, the chief executive officer owned 1,604,178 shares in the company, valued at $20,950,564.68. This represents a 5.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 15,823,249 shares of company stock valued at $209,258,341. 9.00% of the stock is owned by company insiders.

Institutional Trading of RealReal

Several large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new position in RealReal during the 3rd quarter worth about $2,177,000. Allspring Global Investments Holdings LLC acquired a new position in shares of RealReal during the second quarter worth approximately $1,576,000. Alberta Investment Management Corp bought a new stake in shares of RealReal during the second quarter valued at approximately $115,000. Teacher Retirement System of Texas grew its stake in shares of RealReal by 217.7% during the second quarter. Teacher Retirement System of Texas now owns 35,769 shares of the company’s stock valued at $171,000 after purchasing an additional 24,512 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of RealReal in the second quarter valued at approximately $175,000. 64.73% of the stock is owned by institutional investors.

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.