RealReal (NASDAQ:REAL - Get Free Report) had its target price lowered by stock analysts at UBS Group from $10.00 to $9.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price objective suggests a potential upside of 31.96% from the stock's current price.
Several other equities research analysts also recently commented on REAL. Northland Securities boosted their target price on shares of RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a research note on Tuesday, December 17th. Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $8.33.
Get Our Latest Report on RealReal
RealReal Stock Up 4.4 %
RealReal stock traded up $0.29 on Wednesday, hitting $6.82. The company's stock had a trading volume of 3,763,714 shares, compared to its average volume of 3,367,078. The firm has a market cap of $758.70 million, a P/E ratio of -5.29 and a beta of 2.83. The company has a fifty day moving average price of $8.84 and a 200-day moving average price of $5.75. RealReal has a one year low of $1.72 and a one year high of $11.38.
RealReal (NASDAQ:REAL - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The firm had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. Analysts anticipate that RealReal will post -0.4 EPS for the current year.
Insider Buying and Selling
In related news, CEO John E. Koryl sold 396,478 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Steve Ming Lo sold 96,666 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the transaction, the chief accounting officer now owns 391,525 shares in the company, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 751,427 shares of company stock worth $6,181,969 in the last 90 days. Corporate insiders own 9.78% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Quarry LP lifted its position in RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after purchasing an additional 1,569 shares during the period. R Squared Ltd acquired a new position in RealReal during the 4th quarter valued at about $49,000. XTX Topco Ltd acquired a new position in RealReal during the 3rd quarter valued at about $63,000. Intech Investment Management LLC acquired a new position in RealReal during the 3rd quarter valued at about $88,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in RealReal during the 4th quarter valued at about $94,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.
RealReal Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider RealReal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RealReal wasn't on the list.
While RealReal currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
