The RealReal, Inc. (NASDAQ:REAL) Given Average Rating of "Moderate Buy" by Brokerages

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $8.33.

Separately, UBS Group cut their price objective on RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th.

RealReal Stock Up 2.1 %

RealReal stock traded up $0.13 on Tuesday, hitting $6.23. The company's stock had a trading volume of 1,688,701 shares, compared to its average volume of 2,709,006. RealReal has a one year low of $2.24 and a one year high of $11.38. The firm has a market cap of $704.58 million, a P/E ratio of -4.83 and a beta of 2.90. The company has a fifty day moving average price of $5.83 and a 200-day moving average price of $6.54.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to analysts' expectations of $162.69 million. Analysts anticipate that RealReal will post -0.4 EPS for the current year.

Insider Buying and Selling at RealReal

In other RealReal news, CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $161,991.30. Following the transaction, the chief accounting officer now directly owns 330,117 shares in the company, valued at approximately $2,277,807.30. This trade represents a 6.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Levesque Rati Sahi sold 113,917 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $786,027.30. Following the sale, the chief executive officer now owns 2,307,199 shares of the company's stock, valued at approximately $15,919,673.10. The trade was a 4.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 258,283 shares of company stock worth $1,782,153. 9.78% of the stock is currently owned by corporate insiders.

Institutional Trading of RealReal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REAL. Quarry LP boosted its stake in shares of RealReal by 120.1% in 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 last quarter. R Squared Ltd acquired a new position in RealReal in the fourth quarter valued at approximately $49,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of RealReal during the fourth quarter worth $94,000. Jag Capital Management LLC bought a new stake in shares of RealReal in the 4th quarter valued at about $126,000. Finally, PharVision Advisers LLC bought a new position in shares of RealReal during the fourth quarter worth $133,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.