The RealReal, Inc. (NASDAQ:REAL) Receives $8.33 Consensus Target Price from Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $8.33.

REAL has been the topic of a number of research analyst reports. Northland Securities boosted their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, December 17th. UBS Group cut their price objective on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $4.00 to $15.00 in a report on Monday, December 9th.

RealReal Stock Performance

RealReal stock opened at $5.62 on Friday. The stock has a market cap of $625.21 million, a PE ratio of -4.36 and a beta of 3.00. The stock has a 50-day moving average of $7.34 and a two-hundred day moving average of $6.21. RealReal has a one year low of $2.24 and a one year high of $11.38.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $162.69 million. As a group, sell-side analysts predict that RealReal will post -0.4 EPS for the current fiscal year.

Insider Activity at RealReal

In other RealReal news, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the sale, the chief accounting officer now directly owns 330,117 shares in the company, valued at approximately $2,277,807.30. The trade was a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 654,761 shares of company stock worth $5,592,306. 9.78% of the stock is owned by corporate insiders.

Institutional Trading of RealReal

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp grew its stake in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after acquiring an additional 310,116 shares during the period. Barclays PLC lifted its holdings in RealReal by 306.7% during the third quarter. Barclays PLC now owns 136,262 shares of the company’s stock valued at $428,000 after purchasing an additional 102,759 shares in the last quarter. Woodson Capital Management LP grew its position in shares of RealReal by 2.9% in the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock valued at $16,956,000 after purchasing an additional 150,000 shares during the period. JPMorgan Chase & Co. increased its stake in shares of RealReal by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company’s stock worth $2,319,000 after purchasing an additional 97,700 shares in the last quarter. Finally, Aigen Investment Management LP raised its position in shares of RealReal by 513.5% during the 4th quarter. Aigen Investment Management LP now owns 93,550 shares of the company’s stock worth $1,023,000 after purchasing an additional 78,301 shares during the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

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.