Northland Securities Initiates Coverage on RealReal (NASDAQ:REAL)

Equities researchers at Northland Securities started coverage on shares of RealReal (NASDAQ:REAL) in a research note issued to investors on Monday, Marketbeat reports. The firm set an “outperform” rating and a $6.00 price target on the stock. Northland Securities’ price objective indicates a potential upside of 84.62% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Wedbush lowered their price target on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Robert W. Baird lowered their price target on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $4.40.

RealReal Trading Up 16.5 %

Shares of NASDAQ REAL opened at $3.25 on Monday. RealReal has a 1-year low of $1.26 and a 1-year high of $4.64. The company has a market cap of $352.63 million, a PE ratio of -2.85 and a beta of 2.80. The company has a 50-day moving average of $2.93 and a two-hundred day moving average of $3.38.

RealReal (NASDAQ:REAL) last announced its earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. The company had revenue of $144.93 million during the quarter, compared to the consensus estimate of $139.85 million. As a group, equities research analysts forecast that RealReal will post -0.74 earnings per share for the current year.

Insider Activity at RealReal

In related news, CAO Steve Ming Lo sold 20,610 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $53,792.10. Following the completion of the transaction, the chief accounting officer now owns 508,528 shares in the company, valued at $1,327,258.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Steve Ming Lo sold 20,610 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $53,792.10. Following the completion of the transaction, the chief accounting officer now owns 508,528 shares in the company, valued at $1,327,258.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Karen Katz sold 33,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total transaction of $86,460.00. Following the transaction, the director now owns 201,301 shares of the company’s stock, valued at approximately $527,408.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 169,863 shares of company stock worth $477,394. 9.78% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Drive Wealth Management LLC acquired a new position in shares of RealReal in the second quarter valued at approximately $32,000. Calamos Advisors LLC acquired a new position in shares of RealReal in the second quarter valued at approximately $34,000. Evoke Wealth LLC acquired a new position in shares of RealReal in the second quarter valued at approximately $36,000. Crown Wealth Group LLC acquired a new position in shares of RealReal in the first quarter valued at approximately $39,000. Finally, Searle & CO. acquired a new position in shares of RealReal in the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.