RealReal (NASDAQ:REAL) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of RealReal (NASDAQ:REAL) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other analysts have also recently weighed in on REAL. Northland Securities set a $20.00 price objective on shares of RealReal in a research report on Wednesday, January 14th. KeyCorp raised their price target on RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Robert W. Baird set a $15.00 price objective on RealReal in a report on Wednesday, December 17th. Roth Mkm set a $17.50 price objective on RealReal and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.94.

RealReal Trading Down 5.0%

Shares of REAL opened at $14.67 on Friday. The company has a market cap of $1.71 billion, a PE ratio of -10.63 and a beta of 2.60. The stock has a 50-day moving average price of $15.39 and a 200-day moving average price of $11.53. RealReal has a 12-month low of $4.61 and a 12-month high of $17.39.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The company had revenue of $173.57 million for the quarter, compared to the consensus estimate of $169.01 million. As a group, analysts predict that RealReal will post -0.4 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Gopal Ajay Madan sold 30,196 shares of RealReal stock in a transaction on Friday, November 21st. The shares were sold at an average price of $13.06, for a total value of $394,359.76. Following the transaction, the chief financial officer directly owned 1,184,612 shares of the company’s stock, valued at $15,471,032.72. The trade was a 2.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Levesque Rati Sahi sold 97,036 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $13.06, for a total transaction of $1,267,290.16. Following the sale, the chief executive officer directly owned 1,604,178 shares of the company’s stock, valued at $20,950,564.68. The trade was a 5.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 15,823,249 shares of company stock worth $209,258,341. 9.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RealReal

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pictet Asset Management Holding SA grew its stake in shares of RealReal by 64.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 20,404 shares of the company’s stock worth $322,000 after purchasing an additional 7,977 shares during the last quarter. Vanguard Group Inc. lifted its holdings in RealReal by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company’s stock worth $99,991,000 after buying an additional 406,789 shares during the period. Calamos Advisors LLC bought a new stake in shares of RealReal in the 4th quarter worth approximately $620,000. NBC Securities Inc. bought a new stake in shares of RealReal in the 4th quarter worth approximately $186,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of RealReal during the fourth quarter valued at approximately $3,188,000. 64.73% of the stock is owned by institutional investors.

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.