The RealReal, Inc. (NASDAQ:REAL) Given Consensus Recommendation of “Hold” by Brokerages

The RealReal, Inc. (NASDAQ:REAL) has been given an average rating of “Hold” by the seven analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.17.

A number of analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $6.00 target price on shares of RealReal in a report on Wednesday, May 8th. Wedbush dropped their price objective on RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Robert W. Baird reduced their target price on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company raised their price target on RealReal from $2.00 to $4.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th.

Insider Activity

In related news, Director Caretha Coleman sold 10,354 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $4.33, for a total value of $44,832.82. Following the sale, the director now directly owns 174,833 shares of the company’s stock, valued at $757,026.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director James R. Miller sold 53,526 shares of RealReal stock in a transaction that occurred on Friday, July 26th. The shares were 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 in the company, valued at $511,566.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Caretha Coleman sold 10,354 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $4.33, for a total value of $44,832.82. Following the completion of the sale, the director now owns 174,833 shares in the company, valued at approximately $757,026.89. The disclosure for this sale can be found here. Insiders sold a total of 103,617 shares of company stock worth $365,692 in the last quarter. 9.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On RealReal

Several large investors have recently modified their holdings of the stock. Game Plan Financial Advisors LLC increased its stake in RealReal by 233.3% during the 1st quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock valued at $39,000 after purchasing an additional 7,000 shares in the last quarter. Crown Wealth Group LLC bought a new stake in shares of RealReal during the first quarter valued at approximately $39,000. Searle & CO. purchased a new position in RealReal in the 1st quarter worth approximately $39,000. Drive Wealth Management LLC bought a new position in RealReal in the 2nd quarter valued at approximately $32,000. Finally, Calamos Advisors LLC purchased a new stake in RealReal during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Stock Up 1.1 %

Shares of REAL opened at $2.67 on Thursday. The stock has a market capitalization of $289.70 million, a P/E ratio of -2.34 and a beta of 2.90. RealReal has a twelve month low of $1.26 and a twelve month high of $4.64. The firm has a fifty day simple moving average of $3.21 and a two-hundred day simple moving average of $3.27.

About RealReal

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.