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

Shares of The RealReal, Inc. (NASDAQ:REAL) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $17.25.

Several equities analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of RealReal in a research note on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Robert W. Baird set a $13.00 target price on RealReal in a report on Friday, May 8th. Finally, Roth Capital set a $17.00 price target on RealReal in a research report on Friday, May 8th.

RealReal Price Performance

NASDAQ REAL traded down $0.09 during mid-day trading on Tuesday, hitting $11.37. The stock had a trading volume of 1,382,733 shares, compared to its average volume of 3,380,770. The firm’s 50 day moving average is $10.72 and its 200 day moving average is $12.02. RealReal has a twelve month low of $5.00 and a twelve month high of $17.39. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -11.13 and a beta of 2.66.

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $189.72 million for the quarter, compared to analyst estimates of $187.82 million. During the same period last year, the firm earned ($0.08) EPS. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, equities research analysts expect that RealReal will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Gopal Ajay Madan sold 35,023 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $323,962.75. Following the completion of the sale, the chief financial officer owned 1,145,278 shares of the company’s stock, valued at approximately $10,593,821.50. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Luke Thomas Friang sold 21,183 shares of RealReal stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $195,942.75. Following the transaction, the insider directly owned 530,676 shares in the company, valued at $4,908,753. This trade represents a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 166,830 shares of company stock worth $1,543,178 over the last quarter. Corporate insiders own 2.66% of the company’s stock.

Institutional Trading of RealReal

Institutional investors have recently made changes to their positions in the company. KBC Group NV acquired a new position in RealReal in the first quarter valued at approximately $26,000. Quarry LP acquired a new stake in RealReal during the third quarter worth $28,000. Larson Financial Group LLC purchased a new stake in RealReal in the third quarter valued at $31,000. Gables Capital Management Inc. purchased a new stake in RealReal in the first quarter valued at $35,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of RealReal by 25.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after purchasing an additional 1,253 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

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.