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

Shares of The RealReal, Inc. (NASDAQ:REAL) have been given an average rating of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $4.24.

A number of equities analysts have weighed in on the company. Northland Capmk raised RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Wedbush lowered their price target on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Northland Securities initiated coverage on shares of RealReal in a research report on Monday, September 16th. They set an “outperform” rating and a $6.00 price target on the stock. Finally, Robert W. Baird decreased their price objective on RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th.

RealReal Trading Up 1.7 %

Shares of NASDAQ REAL opened at $2.98 on Tuesday. The company has a fifty day moving average price of $2.91 and a 200 day moving average price of $3.30. The firm has a market cap of $315.79 million, a PE ratio of -2.61 and a beta of 2.79. RealReal has a 1-year low of $1.26 and a 1-year high of $4.64.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The firm had revenue of $144.93 million during the quarter, compared to the consensus estimate of $139.85 million. Equities research analysts forecast that RealReal will post -0.82 EPS for the current year.

Insider Transactions at RealReal

In related news, President Levesque Rati Sahi sold 46,488 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $121,333.68. Following the completion of the sale, the president now directly owns 1,210,375 shares in the company, valued at approximately $3,159,078.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Levesque Rati Sahi sold 46,488 shares of the business’s stock in a transaction that occurred 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 transaction, the president now directly owns 1,210,375 shares of the company’s stock, valued at approximately $3,159,078.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luke Thomas Friang sold 16,239 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $42,383.79. Following the sale, the insider now directly owns 517,598 shares of the company’s stock, valued at $1,350,930.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 116,337 shares of company stock worth $303,970 in the last ninety days. Insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Crown Wealth Group LLC acquired a new stake in RealReal during the first quarter worth approximately $39,000. Searle & CO. acquired a new stake in RealReal during the 1st quarter worth approximately $39,000. Drive Wealth Management LLC acquired a new stake in RealReal during the 2nd quarter worth approximately $32,000. Calamos Advisors LLC bought a new stake in RealReal in the 2nd quarter valued at $34,000. Finally, Evoke Wealth LLC acquired a new position in RealReal in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

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.