RealReal (NASDAQ:REAL) Earns Buy Rating from BTIG Research

RealReal (NASDAQ:REAL)‘s stock had its “buy” rating reiterated by analysts at BTIG Research in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a $17.00 price target on the stock. BTIG Research’s target price indicates a potential upside of 73.65% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird set a $13.00 target price on shares of RealReal in a research report on Friday, May 8th. Roth Mkm set a $17.00 price target on shares of RealReal in a research note on Friday, May 8th. UBS Group cut their price target on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. Finally, Wall Street Zen downgraded RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.25.

RealReal Stock Performance

Shares of REAL opened at $9.79 on Wednesday. RealReal has a 52 week low of $4.70 and a 52 week high of $17.39. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -9.60 and a beta of 2.71. The stock has a fifty day moving average of $10.16 and a 200-day moving average of $12.53.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The company’s revenue was up 18.5% on a year-over-year basis. As a group, equities analysts forecast that RealReal will post -0.15 EPS for the current year.

Insider Activity

In other RealReal news, CFO Gopal Ajay Madan sold 51,585 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $9.29, for a total transaction of $479,224.65. Following the completion of the transaction, the chief financial officer owned 1,179,307 shares in the company, valued at approximately $10,955,762.03. This trade represents a 4.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Levesque Rati Sahi sold 81,194 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 transaction of $751,044.50. Following the completion of the sale, the chief executive officer directly owned 1,581,276 shares in the company, valued at approximately $14,626,803. This represents a 4.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 218,415 shares of company stock worth $2,022,402. 2.66% of the stock is owned by insiders.

Institutional Trading of RealReal

Institutional investors have recently bought and sold shares of the company. KBC Group NV acquired a new stake in RealReal during the 1st quarter worth about $26,000. Quarry LP acquired a new position in shares of RealReal in the 3rd quarter valued at about $28,000. Larson Financial Group LLC bought a new stake in shares of RealReal during the 3rd quarter valued at about $31,000. Gables Capital Management Inc. bought a new stake in shares of RealReal during the 1st quarter valued at about $35,000. Finally, EverSource Wealth Advisors LLC grew its stake in RealReal by 25.1% during the first quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock worth $57,000 after purchasing an additional 1,253 shares during the period. Institutional investors own 64.73% of the company’s stock.

RealReal Company Profile

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.