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

Shares of The RealReal, Inc. (NASDAQ:REAL) have received an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $17.25.

A number of equities research analysts have commented on REAL shares. UBS Group reissued a “buy” rating on shares of RealReal in a report on Wednesday, June 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. 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 reiterated a “buy” rating and issued a $17.00 price objective on shares of RealReal in a research report on Wednesday, June 3rd. Finally, Robert W. Baird set a $13.00 price objective on RealReal in a research report on Friday, May 8th.

Insiders Place Their Bets

In related news, insider Luke Thomas Friang sold 21,183 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 $195,942.75. Following the transaction, the insider owned 530,676 shares in the company, valued at $4,908,753. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Steve Ming Lo sold 12,077 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $111,712.25. Following the completion of the transaction, the chief accounting officer owned 189,469 shares in the company, valued at approximately $1,752,588.25. This represents a 5.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 218,415 shares of company stock valued at $2,022,402 over the last 90 days. Corporate insiders own 2.66% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in RealReal by 25.1% in the first quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after acquiring an additional 1,253 shares during the last quarter. California State Teachers Retirement System boosted its stake in RealReal by 48.6% in the first quarter. California State Teachers Retirement System now owns 136,422 shares of the company’s stock valued at $1,239,000 after acquiring an additional 44,606 shares during the last quarter. Royal Bank of Canada boosted its stake in RealReal by 30.1% in the first quarter. Royal Bank of Canada now owns 57,716 shares of the company’s stock valued at $524,000 after acquiring an additional 13,349 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in RealReal by 57.3% in the first quarter. The Manufacturers Life Insurance Company now owns 47,608 shares of the company’s stock valued at $432,000 after acquiring an additional 17,339 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of RealReal by 38.1% in the 1st quarter. Quantinno Capital Management LP now owns 29,366 shares of the company’s stock worth $267,000 after purchasing an additional 8,106 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

RealReal Stock Performance

Shares of REAL stock opened at $9.84 on Friday. The stock’s fifty day moving average is $10.24 and its 200-day moving average is $12.28. The stock has a market capitalization of $1.19 billion, a PE ratio of -9.65 and a beta of 2.71. RealReal has a 52 week low of $4.70 and a 52 week high of $17.39.

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. During the same quarter in the previous year, the company posted ($0.08) EPS. RealReal’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, analysts forecast that RealReal will post -0.15 earnings per share for the current fiscal year.

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.