The RealReal, Inc. (NASDAQ:REAL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The RealReal, Inc. (NASDAQ:REAL) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.25.

Several research analysts recently weighed in on REAL shares. UBS Group reissued a “buy” rating on shares of RealReal in a research note on Wednesday, June 3rd. Roth Mkm set a $17.00 price target on shares of RealReal in a research report on Friday, May 8th. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. BTIG Research reissued a “buy” rating and set a $17.00 price target on shares of RealReal in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st.

RealReal Trading Up 7.9%

Shares of REAL opened at $9.84 on Friday. RealReal has a 1 year low of $4.70 and a 1 year high of $17.39. The stock has a market cap of $1.19 billion, a P/E ratio of -9.65 and a beta of 2.71. The stock’s 50-day moving average price is $10.24 and its two-hundred day moving average price is $12.28.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. During the same quarter last year, the business posted ($0.08) EPS. RealReal’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities analysts forecast that RealReal will post -0.15 EPS for the current year.

Insider Activity

In other news, insider Todd A. Suko sold 17,353 shares of RealReal stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $160,515.25. Following the transaction, the insider owned 605,394 shares in the company, valued at $5,599,894.50. The trade was a 2.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Luke Thomas Friang sold 21,183 shares of RealReal stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $195,942.75. Following the transaction, the insider owned 530,676 shares in the company, valued at $4,908,753. This trade represents a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 218,415 shares of company stock valued at $2,022,402. Company insiders own 2.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of REAL. Divisadero Street Capital Management LP lifted its stake in RealReal by 652.5% in the third quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock valued at $27,636,000 after buying an additional 2,254,300 shares in the last quarter. American Century Companies Inc. lifted its position in RealReal by 3,474.7% in the 3rd quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock valued at $19,537,000 after acquiring an additional 1,786,493 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in RealReal by 501.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock valued at $20,846,000 after acquiring an additional 1,634,782 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in RealReal by 58.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock valued at $36,765,000 after acquiring an additional 1,489,939 shares in the last quarter. Finally, Penn Capital Management Company LLC bought a new stake in shares of RealReal in the third quarter valued at about $12,585,000. Institutional investors own 64.73% of the company’s stock.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.