The RealReal, Inc. (NASDAQ:REAL) Given Average Recommendation of “Moderate Buy” by Brokerages

The RealReal, Inc. (NASDAQ:REAL) has received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $17.25.

Several equities analysts recently weighed in on the company. Wall Street Zen cut RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. KeyCorp boosted their target price on RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. BTIG Research dropped their price objective on RealReal from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Finally, Robert W. Baird set a $13.00 price objective on RealReal in a research note on Friday, May 8th.

RealReal Stock Performance

Shares of REAL stock opened at $9.06 on Monday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -8.88 and a beta of 2.84. RealReal has a 1-year low of $4.70 and a 1-year high of $17.39. The stock’s fifty day simple moving average is $10.33 and its 200-day simple moving average is $12.73.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $189.72 million for the quarter, compared to analyst estimates of $187.82 million. During the same period in the previous year, the business posted ($0.08) EPS. RealReal’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, sell-side analysts predict that RealReal will post -0.19 EPS for the current year.

Insider Buying and Selling

In related news, insider Todd A. Suko sold 45,947 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total value of $492,551.84. Following the completion of the sale, the insider directly owned 560,563 shares in the company, valued at approximately $6,009,235.36. The trade was a 7.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Levesque Rati Sahi sold 121,399 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $1,301,397.28. Following the completion of the sale, the chief executive officer owned 1,482,779 shares of the company’s stock, valued at approximately $15,895,390.88. This trade represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 286,883 shares of company stock valued at $3,001,619 in the last ninety days. 9.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RealReal

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. bought a new stake in RealReal during the third quarter worth $2,177,000. BIT Capital GmbH acquired a new stake in RealReal during the 3rd quarter worth approximately $10,912,000. Penn Capital Management Company LLC acquired a new stake in RealReal in the third quarter valued at $12,585,000. American Century Companies Inc. increased its holdings in RealReal by 3,474.7% in the third quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock valued at $19,537,000 after purchasing an additional 1,786,493 shares during the period. Finally, Tudor Investment Corp ET AL grew its holdings in RealReal by 25.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 689,998 shares of the company’s stock worth $7,335,000 after acquiring an additional 141,699 shares during the period. 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.