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

by · The Cerbat Gem

Shares of The RealReal, Inc. (NASDAQ:REAL – Get Free Report) have been assigned an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.3571.

Several equities research analysts recently issued reports on REAL shares. UBS Group upped their price target on RealReal from $10.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Wells Fargo & Company increased their target price on shares of RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. KeyCorp upgraded shares of RealReal from a “sector weight” rating to an “overweight” rating and set a $16.00 price target on the stock in a research report on Wednesday, November 5th. William Blair initiated coverage on shares of RealReal in a report on Monday, December 15th. They issued an “outperform” rating for the company. Finally, B. Riley increased their price objective on shares of RealReal from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, December 12th.

Check Out Our Latest Research Report on RealReal

Insider Activity at RealReal

In other RealReal news, insider Todd A. Suko sold 75,693 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $14.08, for a total value of $1,065,757.44. Following the sale, the insider directly owned 711,054 shares of the company’s stock, valued at $10,011,640.32. This trade represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Steve Ming Lo sold 59,789 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $14.46, for a total transaction of $864,548.94. Following the transaction, the chief accounting officer directly owned 249,553 shares of the company’s stock, valued at approximately $3,608,536.38. This trade represents a 19.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 15,823,249 shares of company stock valued at $209,258,341. 9.00% of the stock is owned by insiders.

Institutional Trading of RealReal

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in RealReal by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 5,097,765 shares of the company’s stock worth $27,477,000 after purchasing an additional 192,633 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of RealReal by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 290,048 shares of the company’s stock worth $1,563,000 after buying an additional 5,172 shares during the period. Swiss National Bank acquired a new position in shares of RealReal during the first quarter worth approximately $859,000. Nuveen LLC bought a new position in RealReal in the 1st quarter worth approximately $3,331,000. Finally, Fox Run Management L.L.C. acquired a new stake in RealReal in the 1st quarter valued at approximately $72,000. 64.73% of the stock is currently owned by institutional investors.

RealReal Price Performance

Shares of REAL stock opened at $15.56 on Friday. The firm has a fifty day moving average of $13.31 and a two-hundred day moving average of $9.43. The firm has a market cap of $1.82 billion, a P/E ratio of -11.28 and a beta of 2.68. RealReal has a 1-year low of $4.61 and a 1-year high of $16.24.

RealReal (NASDAQ:REAL – Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The firm had revenue of $173.57 million for the quarter, compared to analyst estimates of $169.01 million. On average, sell-side analysts expect that RealReal will post -0.4 EPS for the current year.

RealReal Company Profile

(Get Free Report)

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.

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