RealReal (NASDAQ:REAL) Lifted to “Strong-Buy” at Northland Capmk

Northland Capmk upgraded shares of RealReal (NASDAQ:REAL) to a strong-buy rating in a research note published on Monday morning, Zacks.com reports.

Several other analysts also recently issued reports on REAL. Robert W. Baird reduced their price target on shares of RealReal from $4.00 to $3.50 and set a neutral rating for the company in a research report on Wednesday, August 7th. Wedbush reduced their price target on shares of RealReal from $4.50 to $4.00 and set an outperform rating for the company in a research report on Wednesday, August 7th. Finally, Northland Securities started coverage on shares of RealReal in a research report on Monday. They issued an outperform rating and a $6.00 price target for the company. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $4.40.

RealReal Stock Up 3.7 %

Shares of REAL stock opened at $2.79 on Monday. The company has a market cap of $302.72 million, a price-to-earnings ratio of -2.45 and a beta of 2.80. RealReal has a 52 week low of $1.26 and a 52 week high of $4.64. The firm has a 50 day moving average of $2.93 and a 200-day moving average of $3.38.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.02. The business had revenue of $144.93 million during the quarter, compared to analyst estimates of $139.85 million. Analysts anticipate that RealReal will post -0.74 earnings per share for the current year.

Insiders Place Their Bets

In other RealReal news, President Levesque Rati Sahi sold 46,488 shares of RealReal stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $121,333.68. Following the transaction, the president now directly owns 1,210,375 shares of the company’s stock, valued at approximately $3,159,078.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Levesque Rati Sahi sold 46,488 shares of RealReal stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total transaction of $121,333.68. Following the sale, the president now directly owns 1,210,375 shares in the company, valued at approximately $3,159,078.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen Katz sold 33,000 shares of RealReal stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total value of $86,460.00. Following the sale, the director now owns 201,301 shares in the company, valued at $527,408.62. The disclosure for this sale can be found here. Insiders have sold 169,863 shares of company stock valued at $477,394 in the last three months. 9.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RealReal

Hedge funds have recently made changes to their positions in the business. Drive Wealth Management LLC bought a new stake in RealReal in the 2nd quarter valued at about $32,000. Calamos Advisors LLC bought a new stake in RealReal in the 2nd quarter valued at about $34,000. Evoke Wealth LLC bought a new stake in RealReal in the 2nd quarter valued at about $36,000. Crown Wealth Group LLC bought a new stake in RealReal in the 1st quarter valued at about $39,000. Finally, Searle & CO. bought a new stake in RealReal in the 1st quarter valued at about $39,000. 64.73% of the stock is currently owned by institutional investors.

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.