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

Shares of The RealReal, Inc. (NASDAQ:REAL) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $8.33.

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

Insider Buying and Selling

In other news, CAO Steve Ming Lo sold 23,477 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the transaction, the chief accounting officer now directly owns 330,117 shares in the company, valued at $2,277,807.30. This trade represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John E. Koryl sold 396,478 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 654,761 shares of company stock worth $5,592,306. Company insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Anchorage Capital Advisors L.P. purchased a new position in shares of RealReal during the third quarter worth $10,675,000. Woodson Capital Management LP boosted its holdings in 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. Vanguard Group Inc. boosted its holdings in RealReal by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company’s stock valued at $53,613,000 after purchasing an additional 121,626 shares during the period. Geode Capital Management LLC raised its stake in RealReal by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company’s stock valued at $25,447,000 after buying an additional 33,927 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in RealReal by 8.7% in the fourth quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company’s stock valued at $24,867,000 after buying an additional 181,300 shares in the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Stock Performance

RealReal stock opened at $5.72 on Monday. The business’s 50-day simple moving average is $8.63 and its two-hundred day simple moving average is $5.80. The company has a market cap of $636.33 million, a PE ratio of -4.43 and a beta of 3.00. RealReal has a fifty-two week low of $2.24 and a fifty-two week high of $11.38.

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

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.