Analysts Set The RealReal, Inc. (NASDAQ:REAL) Target Price at $17.07

The RealReal, Inc. (NASDAQ:REAL) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.4375.

A number of equities analysts have recently issued reports on REAL shares. Roth Capital set a $17.50 price target on RealReal and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price objective on shares of RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Northland Securities set a $20.00 price target on shares of RealReal in a research report on Wednesday.

Insider Buying and Selling at RealReal

In related news, CFO Gopal Ajay Madan sold 28,520 shares of RealReal stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $14.73, for a total transaction of $420,099.60. Following the sale, the chief financial officer owned 1,156,092 shares of the company’s stock, valued at approximately $17,029,235.16. This trade represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd A. Suko sold 72,933 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $14.10, for a total value of $1,028,355.30. Following the completion of the transaction, the insider directly owned 606,510 shares in the company, valued at approximately $8,551,791. This represents a 10.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,823,249 shares of company stock valued at $209,258,341 in the last ninety days. 9.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RealReal

Institutional investors and hedge funds have recently modified their holdings of the stock. Diversified Trust Co. grew its stake in RealReal by 13.5% during the fourth quarter. Diversified Trust Co. now owns 32,509 shares of the company’s stock valued at $513,000 after acquiring an additional 3,874 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of RealReal by 8.1% during the 4th quarter. Park Avenue Securities LLC now owns 45,282 shares of the company’s stock valued at $715,000 after purchasing an additional 3,400 shares during the last quarter. Tudor Investment Corp ET AL grew its position in shares of RealReal by 25.8% during the third quarter. Tudor Investment Corp ET AL now owns 689,998 shares of the company’s stock valued at $7,335,000 after purchasing an additional 141,699 shares in the last quarter. Penn Capital Management Company LLC purchased a new position in shares of RealReal during the third quarter valued at about $12,585,000. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of RealReal in the third quarter worth about $108,000. Institutional investors own 64.73% of the company’s stock.

RealReal Price Performance

REAL stock opened at $16.32 on Tuesday. The stock has a market capitalization of $1.90 billion, a P/E ratio of -11.83 and a beta of 2.60. RealReal has a 1-year low of $4.61 and a 1-year high of $17.25. The business has a fifty day moving average price of $14.87 and a 200-day moving average price of $10.67.

RealReal (NASDAQ:REAL) last posted its earnings results on Monday, November 10th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The business had revenue of $173.57 million for the quarter, compared to analyst estimates of $169.01 million. As a group, analysts anticipate that RealReal will post -0.4 earnings per share for the current year.

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.