The RealReal, Inc. (NASDAQ:REAL) Given Average Rating of “Moderate Buy” by Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $17.25.

REAL has been the subject of several recent analyst reports. BTIG Research decreased their price target on RealReal from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Roth Mkm set a $17.00 price objective on RealReal in a report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Robert W. Baird set a $13.00 price objective on RealReal in a report on Friday, May 8th. Finally, Wall Street Zen lowered RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th.

Insiders Place Their Bets

In other news, insider Luke Thomas Friang sold 21,183 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $195,942.75. Following the completion of the sale, the insider owned 530,676 shares in the company, valued at $4,908,753. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Gopal Ajay Madan sold 35,023 shares of the company’s stock in a transaction on 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 trade represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 218,415 shares of company stock valued at $2,022,402. 9.00% of the stock is currently owned by insiders.

Institutional Trading of RealReal

Institutional investors have recently modified their holdings of the company. Federated Hermes Inc. acquired a new stake in shares of RealReal in the third quarter valued at $2,177,000. BIT Capital GmbH acquired a new stake in shares of RealReal in the third quarter valued at $10,912,000. Penn Capital Management Company LLC purchased a new stake in shares of RealReal during the third quarter valued at $12,585,000. American Century Companies Inc. lifted its holdings in shares of RealReal by 3,474.7% during the third quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock valued at $19,537,000 after purchasing an additional 1,786,493 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings 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 during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Stock Performance

NASDAQ:REAL opened at $9.20 on Monday. RealReal has a 1 year low of $4.70 and a 1 year high of $17.39. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -9.02 and a beta of 2.84. The business has a fifty day moving average of $10.17 and a 200-day moving average of $12.63.

RealReal (NASDAQ:REAL) last released its quarterly 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 during the quarter, compared to the consensus estimate of $187.82 million. During the same period in the previous year, the company posted ($0.08) EPS. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities research analysts predict that RealReal will post -0.19 EPS 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.