The RealReal, Inc. (NASDAQ:REAL) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $4.24.

REAL has been the topic of a number of research analyst reports. Robert W. Baird dropped their price target on shares of RealReal from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Northland Securities initiated coverage on shares of RealReal in a research note on Monday, September 16th. They set an "outperform" rating and a $6.00 target price for the company. Wedbush reduced 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. Finally, Northland Capmk upgraded RealReal to a "strong-buy" rating in a report on Monday, September 16th.

RealReal Price Performance

NASDAQ:REAL traded up $0.06 during mid-day trading on Tuesday, hitting $3.04. The company's stock had a trading volume of 2,246,913 shares, compared to its average volume of 2,583,050. The business's fifty day moving average is $2.91 and its two-hundred day moving average is $3.30. The stock has a market cap of $322.15 million, a price-to-earnings ratio of -2.61 and a beta of 2.79. RealReal has a 1 year low of $1.26 and a 1 year high of $4.64.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.02. The business had revenue of $144.93 million during the quarter, compared to analysts' expectations of $139.85 million. Analysts anticipate that RealReal will post -0.82 EPS for the current fiscal year.

Insider Activity

In other RealReal news, CAO Steve Ming Lo sold 20,610 shares of the business's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total transaction of $53,792.10. Following the transaction, the chief accounting officer now owns 508,528 shares of the company's stock, valued at approximately $1,327,258.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other RealReal news, CAO Steve Ming Lo sold 20,610 shares of the business's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $53,792.10. Following the transaction, the chief accounting officer now directly owns 508,528 shares in the company, valued at $1,327,258.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Luke Thomas Friang sold 16,239 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total transaction of $42,383.79. Following the sale, the insider now owns 517,598 shares of the company's stock, valued at $1,350,930.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,337 shares of company stock worth $303,970 over the last ninety days. Corporate insiders own 9.78% of the company's stock.

Hedge Funds Weigh In On RealReal

Several large investors have recently modified their holdings of REAL. Renaissance Technologies LLC acquired a new stake in RealReal in the 2nd quarter valued at approximately $1,563,000. AWM Investment Company Inc. acquired a new stake in shares of RealReal in the first quarter valued at $1,862,000. Capricorn Fund Managers Ltd raised its holdings in shares of 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 buying an additional 404,949 shares during the period. GSA Capital Partners LLP acquired a new position in RealReal during the 1st quarter worth about $1,430,000. Finally, NewEdge Advisors LLC boosted its holdings in RealReal by 309.9% during the 2nd quarter. NewEdge Advisors LLC now owns 435,554 shares of the company's stock valued at $1,389,000 after acquiring an additional 329,303 shares during the period. 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.