Northland Capmk Upgrades RealReal (NASDAQ:REAL) to “Strong-Buy”

RealReal (NASDAQ:REAL) was upgraded by investment analysts at Northland Capmk to a “strong-buy” rating in a research note issued to investors on Monday, Zacks.com reports.

Several other equities analysts also recently commented on REAL. Wedbush cut their target price on RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Northland Securities initiated coverage on RealReal in a report on Monday. They set an “outperform” rating and a $6.00 price objective for the company. Finally, Robert W. Baird lowered their target price on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.40.

RealReal Stock Up 16.5 %

REAL opened at $3.25 on Monday. The stock’s 50 day moving average price is $2.93 and its two-hundred day moving average price is $3.38. The firm has a market capitalization of $352.63 million, a P/E ratio of -2.85 and a beta of 2.80. RealReal has a 12-month low of $1.26 and a 12-month high of $4.64.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.02. The company had revenue of $144.93 million during the quarter, compared to analyst estimates of $139.85 million. As a group, analysts anticipate that RealReal will post -0.74 earnings per share for the current year.

Insider Transactions at RealReal

In other RealReal news, CAO Steve Ming Lo sold 20,610 shares of RealReal stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $53,792.10. Following the transaction, the chief accounting officer now owns 508,528 shares of the company’s stock, valued at $1,327,258.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Karen Katz sold 33,000 shares of RealReal stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total value of $86,460.00. Following the sale, the director now owns 201,301 shares of the company’s stock, valued at approximately $527,408.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Steve Ming Lo sold 20,610 shares of the company’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 value of $53,792.10. Following the transaction, the chief accounting officer now directly owns 508,528 shares of the company’s stock, valued at approximately $1,327,258.08. The disclosure for this sale can be found here. Insiders have sold a total of 169,863 shares of company stock valued at $477,394 over the last 90 days. 9.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On RealReal

Large investors have recently modified their holdings of the business. Findell Capital Management LLC acquired a new position in RealReal during the fourth quarter worth $13,681,000. Vanguard Group Inc. raised its holdings in shares of RealReal by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock valued at $16,039,000 after purchasing an additional 18,352 shares during the period. Renaissance Technologies LLC acquired a new stake in RealReal in the 2nd quarter valued at about $1,563,000. AWM Investment Company Inc. bought a new position in RealReal during the first quarter worth about $1,862,000. Finally, NewEdge Advisors LLC increased its position in RealReal by 309.9% during the second quarter. NewEdge Advisors LLC now owns 435,554 shares of the company’s stock worth $1,389,000 after buying an additional 329,303 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.