UBS Group Forecasts Strong Price Appreciation for RealReal (NASDAQ:REAL) Stock

RealReal (NASDAQ:REAL - Free Report) had its price target lifted by UBS Group from $3.00 to $3.25 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

REAL has been the subject of several other research reports. Northland Securities assumed coverage on RealReal in a research note on Monday, September 16th. They set an "outperform" rating and a $6.00 price target for the company. Wedbush reduced their price target on shares of RealReal from $4.50 to $4.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. Robert W. Baird dropped their price objective on shares of RealReal from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Finally, Northland Capmk raised RealReal to a "strong-buy" rating in a report on Monday, September 16th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $4.18.

RealReal Trading Up 20.0 %

Shares of NASDAQ:REAL traded up $0.61 during trading on Tuesday, hitting $3.66. 7,747,778 shares of the stock were exchanged, compared to its average volume of 2,593,499. The company has a market cap of $397.11 million, a PE ratio of -3.94 and a beta of 2.79. The company has a fifty day moving average price of $2.97 and a two-hundred day moving average price of $3.30. RealReal has a 12-month low of $1.51 and a 12-month high of $4.64.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.02. The firm had revenue of $144.93 million for the quarter, compared to analyst estimates of $139.85 million. Equities research analysts anticipate that RealReal will post -0.82 earnings per share for the current fiscal year.

Insider Transactions at RealReal

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Versor Investments LP acquired a new stake in shares of RealReal in the third quarter worth $243,000. River Global Investors LLP increased its holdings in RealReal by 4.9% in the 3rd quarter. River Global Investors LLP now owns 359,623 shares of the company's stock valued at $1,127,000 after purchasing an additional 16,896 shares in the last quarter. Quantum Private Wealth LLC raised its position in RealReal by 6.1% in the third quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company's stock valued at $544,000 after purchasing an additional 10,000 shares during the period. AM Investment Strategies LLC acquired a new position in shares of RealReal during the third quarter worth about $167,000. Finally, Chicago Partners Investment Group LLC boosted its position in shares of RealReal by 53.0% in the third quarter. Chicago Partners Investment Group LLC now owns 55,464 shares of the company's stock worth $163,000 after buying an additional 19,215 shares during the period. Hedge funds and other 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.