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

The RealReal, Inc. (NASDAQ:REAL) has earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $17.25.

REAL has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. UBS Group reaffirmed a “buy” rating on shares of RealReal in a research note on Wednesday, June 3rd. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. BTIG Research restated a “buy” rating and issued a $17.00 price target on shares of RealReal in a report on Wednesday, June 3rd. Finally, Roth Capital set a $17.00 target price on shares of RealReal in a research report on Friday, May 8th.

RealReal Stock Performance

RealReal stock opened at $10.68 on Tuesday. RealReal has a one year low of $5.00 and a one year high of $17.39. The business has a fifty day moving average of $10.58 and a two-hundred day moving average of $11.82. The company has a market cap of $1.29 billion, a P/E ratio of -10.47 and a beta of 2.66.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $189.72 million for the quarter, compared to analysts’ expectations of $187.82 million. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. Sell-side analysts predict that RealReal will post -0.14 EPS for the current year.

Insider Buying and Selling at RealReal

In other news, insider Luke Thomas Friang sold 21,183 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $195,942.75. Following the completion of the sale, the insider directly owned 530,676 shares in the company, valued at $4,908,753. This represents a 3.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Todd A. Suko sold 17,353 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $160,515.25. Following the completion of the transaction, the insider owned 605,394 shares in the company, valued at approximately $5,599,894.50. This trade represents a 2.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 166,830 shares of company stock worth $1,543,178. 2.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RealReal

Several hedge funds have recently modified their holdings of the stock. Penn Capital Management Company LLC raised its stake in shares of RealReal by 13.0% during the fourth quarter. Penn Capital Management Company LLC now owns 1,336,674 shares of the company’s stock valued at $21,112,000 after purchasing an additional 153,806 shares during the period. Tudor Investment Corp ET AL grew its stake in RealReal by 25.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 689,998 shares of the company’s stock valued at $7,335,000 after purchasing an additional 141,699 shares in the last quarter. American Century Companies Inc. increased its holdings in RealReal by 3,474.7% during 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 during the last quarter. Polen Capital Management LLC increased its holdings in RealReal by 142.9% during the 4th quarter. Polen Capital Management LLC now owns 175,088 shares of the company’s stock worth $2,763,000 after purchasing an additional 103,000 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of RealReal in the 4th quarter valued at approximately $3,188,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

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.