The RealReal, Inc. (NASDAQ:REAL) Receives Average Recommendation of “Hold” from Brokerages

Shares of The RealReal, Inc. (NASDAQ:REAL) have been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $3.61.

Several brokerages have issued reports on REAL. Robert W. Baird restated a “neutral” rating and issued a $2.75 price target (down from $3.25) on shares of RealReal in a report on Thursday, January 4th. Needham & Company LLC reissued a “buy” rating and set a $6.00 target price on shares of RealReal in a research note on Friday, March 1st. Finally, UBS Group lifted their price target on shares of RealReal from $2.30 to $3.70 and gave the company a “neutral” rating in a research note on Friday, April 12th.

RealReal Stock Performance

Shares of NASDAQ REAL opened at $3.20 on Friday. RealReal has a 52-week low of $1.00 and a 52-week high of $4.10. The stock has a market cap of $335.01 million, a P/E ratio of -1.92 and a beta of 2.98. The firm has a 50 day moving average price of $2.91 and a 200 day moving average price of $2.28.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.04. The firm had revenue of $143.37 million during the quarter, compared to analyst estimates of $142.80 million. Analysts predict that RealReal will post -0.79 earnings per share for the current fiscal year.

Insider Buying and Selling at RealReal

In related news, President Levesque Rati Sahi sold 30,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $3.22, for a total transaction of $96,600.00. Following the completion of the transaction, the president now owns 1,312,719 shares in the company, valued at $4,226,955.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Karen Katz purchased 6,500 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was purchased at an average cost of $3.85 per share, for a total transaction of $25,025.00. Following the completion of the purchase, the director now directly owns 183,476 shares in the company, valued at $706,382.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Levesque Rati Sahi sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $3.22, for a total value of $96,600.00. Following the sale, the president now owns 1,312,719 shares in the company, valued at approximately $4,226,955.18. The disclosure for this sale can be found here. Company insiders own 9.34% of the company’s stock.

Hedge Funds Weigh In On RealReal

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. raised its position in RealReal by 436.2% during the second quarter. Osaic Holdings Inc. now owns 12,525 shares of the company’s stock worth $28,000 after acquiring an additional 10,189 shares in the last quarter. Freedom Wealth Alliance LLC bought a new stake in shares of RealReal in the 3rd quarter valued at about $29,000. Barclays PLC lifted its stake in RealReal by 550.1% in the 4th quarter. Barclays PLC now owns 23,754 shares of the company’s stock valued at $29,000 after purchasing an additional 20,100 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in RealReal by 455.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 23,648 shares of the company’s stock worth $30,000 after purchasing an additional 19,392 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in RealReal by 80.1% during the third quarter. Tower Research Capital LLC TRC now owns 21,688 shares of the company’s stock worth $32,000 after buying an additional 9,647 shares during the last quarter. 64.73% of the stock is owned by institutional investors.

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.