Wedbush Trims RealReal (NASDAQ:REAL) Target Price to $4.00

RealReal (NASDAQ:REAL) had its target price trimmed by Wedbush from $4.50 to $4.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the company. UBS Group lifted their target price on RealReal from $2.30 to $3.70 and gave the stock a neutral rating in a report on Friday, April 12th. Wells Fargo & Company upped their price objective on shares of RealReal from $2.00 to $4.00 and gave the company an equal weight rating in a report on Wednesday, May 8th. Finally, Needham & Company LLC restated a buy rating and issued a $6.00 target price on shares of RealReal in a research note on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, RealReal has a consensus rating of Hold and a consensus target price of $4.17.

RealReal Trading Down 0.4 %

NASDAQ:REAL traded down $0.01 on Wednesday, hitting $2.45. The company’s stock had a trading volume of 4,575,038 shares, compared to its average volume of 1,695,637. RealReal has a one year low of $1.26 and a one year high of $4.64. The stock has a fifty day moving average of $3.35 and a two-hundred day moving average of $3.23. The firm has a market capitalization of $259.63 million, a P/E ratio of -2.15 and a beta of 2.90.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.04. The business had revenue of $143.80 million during the quarter, compared to analyst estimates of $138.90 million. As a group, sell-side analysts anticipate that RealReal will post -0.8 EPS for the current year.

Insider Transactions at RealReal

In related news, Director James R. Miller sold 53,526 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $3.24, for a total value of $173,424.24. Following the sale, the director now directly owns 157,891 shares in the company, valued at approximately $511,566.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other RealReal news, President Levesque Rati Sahi sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $3.83, for a total value of $38,300.00. Following the transaction, the president now directly owns 1,256,852 shares in the company, valued at approximately $4,813,743.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Miller sold 53,526 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $3.24, for a total transaction of $173,424.24. Following the completion of the transaction, the director now directly owns 157,891 shares of the company’s stock, valued at approximately $511,566.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 237,132 shares of company stock worth $933,131. 9.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On RealReal

Several institutional investors and hedge funds have recently made changes to their positions in the business. Findell Capital Management LLC purchased a new stake in RealReal during the 4th quarter valued at $13,681,000. Renaissance Technologies LLC bought a new stake in shares of RealReal during the 2nd quarter valued at about $1,563,000. AWM Investment Company Inc. purchased a new position in shares of RealReal during the first quarter valued at about $1,862,000. Anthracite Investment Company Inc. bought a new position in RealReal in the fourth quarter worth about $925,000. Finally, GSA Capital Partners LLP purchased a new stake in RealReal in the first quarter worth about $1,430,000. Institutional investors own 64.73% of the company’s stock.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.