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

Shares of The RealReal, Inc. (NASDAQ:REAL) have been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $17.25.

A number of research analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of RealReal in a research report on Wednesday, June 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. BTIG Research reiterated a “buy” rating and issued a $17.00 price objective on shares of RealReal in a research note on Wednesday, June 3rd. Finally, Roth Capital set a $17.00 price objective on RealReal in a report on Friday, May 8th.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $12.09 on Friday. The company has a market capitalization of $1.46 billion, a P/E ratio of -11.85 and a beta of 2.66. The company’s 50-day moving average is $10.97 and its 200 day moving average is $11.41. RealReal has a fifty-two week low of $5.00 and a fifty-two week high of $17.39.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data 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 analysts’ expectations of $187.82 million. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) EPS. As a group, research analysts predict that RealReal will post -0.14 earnings per share for the current year.

Insider Transactions at RealReal

In other news, insider Todd A. Suko sold 17,353 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $5,599,894.50. This represents a 2.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gopal Ajay Madan sold 35,023 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $323,962.75. Following the transaction, the chief financial officer owned 1,145,278 shares of the company’s stock, valued at $10,593,821.50. The trade was a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 166,830 shares of company stock valued at $1,543,178. 2.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RealReal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in RealReal by 589.2% during the first quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock valued at $4,786,000 after purchasing an additional 759,160 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of RealReal by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock worth $326,000 after purchasing an additional 3,500 shares in the last quarter. Millennium Management LLC increased its stake in shares of RealReal by 1.9% in the first quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock worth $4,763,000 after purchasing an additional 16,136 shares in the last quarter. Legal & General Group Plc increased its stake in shares of RealReal by 14.1% in the second quarter. Legal & General Group Plc now owns 81,292 shares of the company’s stock worth $389,000 after purchasing an additional 10,052 shares in the last quarter. Finally, Amundi bought a new stake in shares of RealReal in the second quarter valued at approximately $197,000. 64.73% of the stock is currently owned by institutional investors.

About RealReal

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.