The RealReal (NASDAQ:REAL) PT Raised to $25.00


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The RealReal (NASDAQ:REAL) had its price objective upped by equities researchers at Morgan Stanley from $17.00 to $25.00 in a research report issued on Tuesday, Analyst Price Targets reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 3.52% from the stock’s previous close.

Several other brokerages have also recently weighed in on REAL. KeyCorp upped their price target on shares of The RealReal from $21.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, January 22nd. Piper Sandler upped their price target on shares of The RealReal from $25.00 to $33.00 in a research report on Tuesday, February 16th. BTIG Research upped their price target on shares of The RealReal from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. Cowen upped their price target on shares of The RealReal from $18.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Raymond James cut shares of The RealReal from an “outperform” rating to a “market perform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.76.

The RealReal stock traded down $4.46 during trading hours on Tuesday, hitting $24.15. The company had a trading volume of 273,210 shares, compared to its average volume of 2,919,232. The firm has a market cap of $2.14 billion, a P/E ratio of -14.43 and a beta of 3.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.46 and a current ratio of 3.62. The RealReal has a 1 year low of $5.00 and a 1 year high of $30.22. The company has a 50-day moving average price of $25.68 and a two-hundred day moving average price of $18.22.

The RealReal (NASDAQ:REAL) last released its quarterly earnings data on Sunday, February 21st. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.08). The company had revenue of $84.59 million during the quarter, compared to analysts’ expectations of $93.89 million. The RealReal had a negative net margin of 46.90% and a negative return on equity of 48.99%. The RealReal’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the firm earned ($0.17) earnings per share. As a group, equities research analysts anticipate that The RealReal will post -1.86 EPS for the current year.

In related news, CTO Fredrik Bjork sold 152,735 shares of the stock in a transaction on Thursday, December 24th. The shares were sold at an average price of $20.21, for a total transaction of $3,086,774.35. Following the sale, the chief technology officer now directly owns 204,811 shares of the company’s stock, valued at $4,139,230.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Wainwright sold 165,000 shares of the stock in a transaction on Friday, January 8th. The stock was sold at an average price of $24.46, for a total transaction of $4,035,900.00. Following the sale, the chief executive officer now directly owns 3,243,328 shares in the company, valued at $79,331,802.88. The disclosure for this sale can be found here. Insiders sold 662,494 shares of company stock worth $14,303,048 in the last quarter. Company insiders own 27.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in REAL. Nisa Investment Advisors LLC purchased a new stake in The RealReal during the third quarter worth $31,000. Arnhold LLC purchased a new stake in The RealReal during the fourth quarter worth $63,000. Delta Asset Management LLC TN purchased a new stake in The RealReal during the third quarter worth $76,000. HarbourVest Partners LLC purchased a new stake in The RealReal during the third quarter worth $106,000. Finally, SG Americas Securities LLC purchased a new stake in The RealReal during the fourth quarter worth $169,000. 84.16% of the stock is currently owned by hedge funds and other institutional investors.

The RealReal Company Profile

The RealReal, Inc operates an online marketplace for consigned luxury goods. It offers various resale product categories, including women's, men's, kids', jewelry, and watches, as well as home and art products. The company was founded in 2011 and is headquartered in San Francisco, California.

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Analyst Recommendations for The RealReal (NASDAQ:REAL)

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