Analysts Set The RealReal, Inc. (NASDAQ:REAL) Price Target at $4.24

Shares of The RealReal, Inc. (NASDAQ:REAL) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $4.24.

Several analysts have recently issued reports on REAL shares. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Northland Securities assumed coverage on shares of RealReal in a research note on Monday, September 16th. They issued an “outperform” rating and a $6.00 price target for the company. Wedbush reduced their price objective on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Robert W. Baird lowered their target price on RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th.

RealReal Price Performance

NASDAQ REAL opened at $2.90 on Tuesday. The stock has a market capitalization of $307.31 million, a P/E ratio of -2.54 and a beta of 2.79. The firm’s 50-day moving average is $2.93 and its two-hundred day moving average is $3.29. RealReal has a 12 month low of $1.29 and a 12 month high of $4.64.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $139.85 million. As a group, analysts anticipate that RealReal will post -0.82 EPS for the current year.

Insiders Place Their Bets

In other news, Director Karen Katz sold 33,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total transaction of $86,460.00. Following the sale, the director now owns 201,301 shares of the company’s stock, valued at approximately $527,408.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RealReal news, insider Luke Thomas Friang sold 16,239 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $42,383.79. Following the completion of the transaction, the insider now owns 517,598 shares in the company, valued at $1,350,930.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Karen Katz sold 33,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total value of $86,460.00. Following the transaction, the director now directly owns 201,301 shares in the company, valued at approximately $527,408.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,337 shares of company stock valued at $303,970 in the last ninety days. Insiders own 9.78% of the company’s stock.

Institutional Trading of RealReal

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in RealReal during the second quarter worth approximately $1,563,000. AWM Investment Company Inc. acquired a new position in shares of RealReal in the 1st quarter valued at $1,862,000. Capricorn Fund Managers Ltd raised its position in RealReal by 40.4% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock valued at $4,417,000 after purchasing an additional 404,949 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in RealReal during the 1st quarter worth $1,430,000. Finally, NewEdge Advisors LLC grew its position in RealReal by 309.9% during the 2nd quarter. NewEdge Advisors LLC now owns 435,554 shares of the company’s stock worth $1,389,000 after purchasing an additional 329,303 shares during the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

About RealReal

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.