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

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $8.33.

Several equities analysts recently issued reports on the company. UBS Group cut their target price on RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. 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 research report on Monday, December 9th. Finally, Northland Securities upped their target price on RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a research report on Tuesday, December 17th.

Insider Activity at RealReal

In other RealReal news, CAO Steve Ming Lo sold 23,477 shares of the 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 $161,991.30. Following the transaction, the chief accounting officer now owns 330,117 shares in the company, valued at approximately $2,277,807.30. This represents a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of the stock in a transaction that occurred 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 ninety days, insiders sold 654,761 shares of company stock worth $5,592,306. 9.78% of the stock is owned by corporate insiders.

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Hedge Funds Weigh In On RealReal

A number of large investors have recently added to or reduced their stakes in the stock. Anchorage Capital Advisors L.P. acquired a new position in RealReal during the third quarter worth $10,675,000. Woodson Capital Management LP increased its stake in RealReal by 2.9% during the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company's stock worth $16,956,000 after buying an additional 150,000 shares in the last quarter. Vanguard Group Inc. increased its stake in RealReal by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company's stock worth $53,613,000 after buying an additional 121,626 shares in the last quarter. Geode Capital Management LLC increased its stake in RealReal by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock worth $25,447,000 after buying an additional 33,927 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in RealReal by 8.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company's stock worth $24,867,000 after buying an additional 181,300 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Price Performance

NASDAQ:REAL traded down $0.53 during trading hours on Monday, hitting $5.21. 2,395,263 shares of the company were exchanged, compared to its average volume of 3,425,691. RealReal has a 52-week low of $2.24 and a 52-week high of $11.38. The company's 50 day moving average price is $8.63 and its 200-day moving average price is $5.80. The stock has a market capitalization of $579.04 million, a price-to-earnings ratio of -4.02 and a beta of 3.00.

RealReal (NASDAQ:REAL - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $162.69 million. On average, equities analysts predict that RealReal will post -0.4 earnings per share for the current 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.