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

Shares of The RealReal, Inc. (NASDAQ:REAL - Get Free Report) have earned an average rating of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $8.33.

REAL has been the topic of several analyst reports. Wells Fargo & Company upgraded RealReal from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $4.00 to $15.00 in a report on Monday, December 9th. Northland Securities raised their price objective 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. Finally, UBS Group reduced their target price on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th.

RealReal Stock Performance

REAL traded up $0.18 on Friday, reaching $5.57. The company had a trading volume of 2,212,213 shares, compared to its average volume of 2,617,479. The stock has a market cap of $619.65 million, a P/E ratio of -4.32 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. The company's fifty day moving average is $7.17 and its 200 day moving average is $6.25.

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RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. On average, sell-side analysts expect that RealReal will post -0.4 EPS for the current year.

Insider Buying and Selling at RealReal

In related news, insider Luke Thomas Friang sold 18,503 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the transaction, the insider now owns 556,557 shares of the company's stock, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $161,991.30. Following the transaction, the chief accounting officer now owns 330,117 shares of the company's stock, valued at $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 quarter, insiders have sold 654,761 shares of company stock worth $5,592,306. 9.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RealReal

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its holdings in RealReal by 22.3% in the third quarter. State Street Corp now owns 1,701,387 shares of the company's stock worth $5,342,000 after purchasing an additional 310,116 shares during the last quarter. Barclays PLC lifted its stake in shares of RealReal by 306.7% during the 3rd quarter. Barclays PLC now owns 136,262 shares of the company's stock valued at $428,000 after buying an additional 102,759 shares in the last quarter. Woodson Capital Management LP grew its position in shares of RealReal by 2.9% during the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company's stock worth $16,956,000 after purchasing an additional 150,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of RealReal by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock valued at $2,319,000 after buying an additional 97,700 shares during the last quarter. Finally, Aigen Investment Management LP increased its holdings in shares of RealReal by 513.5% in the fourth 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. Institutional investors 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.