Analysts Set The RealReal, Inc. (NASDAQ:REAL) PT at $17.75

The RealReal, Inc. (NASDAQ:REAL) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.75.

Several equities research analysts recently commented on REAL shares. Robert W. Baird set a $13.00 target price on RealReal in a research report on Friday, May 8th. BTIG Research reiterated a “buy” rating and issued a $17.00 target price on shares of RealReal in a report on Wednesday, June 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th. UBS Group increased their price target on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Roth Capital reaffirmed a “buy” rating and set a $19.00 price objective on shares of RealReal in a research report on Friday, August 7th.

Insider Activity at RealReal

In related news, CFO Gopal Ajay Madan sold 36,418 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.98, for a total transaction of $399,869.64. Following the transaction, the chief financial officer directly owned 1,108,860 shares of the company’s stock, valued at $12,175,282.80. This represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Levesque Rati Sahi sold 84,432 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.98, for a total transaction of $927,063.36. Following the completion of the sale, the chief executive officer owned 1,496,844 shares of the company’s stock, valued at $16,435,347.12. The trade was a 5.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 173,004 shares of company stock worth $1,899,283 over the last ninety days. 2.66% of the stock is owned by corporate insiders.

Institutional Trading of RealReal

Several large investors have recently made changes to their positions in REAL. BlackRock Inc. acquired a new position in RealReal during the 2nd quarter worth approximately $134,510,000. AWM Investment Company Inc. acquired a new stake in RealReal in the second quarter valued at approximately $21,265,000. Arrowstreet Capital Limited Partnership grew its stake in RealReal by 58.2% in the first 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 during the period. California State Teachers Retirement System increased its holdings in shares of RealReal by 1,050.0% during the second quarter. California State Teachers Retirement System now owns 1,568,836 shares of the company’s stock valued at $18,497,000 after acquiring an additional 1,432,414 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of RealReal during the second quarter valued at approximately $12,655,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Stock Down 2.2%

Shares of NASDAQ REAL opened at $10.01 on Wednesday. The company has a market capitalization of $1.22 billion, a PE ratio of -8.94 and a beta of 2.71. RealReal has a twelve month low of $7.30 and a twelve month high of $17.39. The firm has a fifty day simple moving average of $11.50 and a 200 day simple moving average of $10.82.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $192.57 million for the quarter, compared to the consensus estimate of $188.11 million. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts expect that RealReal will post -0.13 earnings per share for the current fiscal year.

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.