Brokerages Set The RealReal, Inc. (NASDAQ:REAL) Price Target at $3.99

The RealReal, Inc. (NASDAQ:REAL) has earned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $3.99.

A number of brokerages have weighed in on REAL. UBS Group upped their price target on RealReal from $2.30 to $3.70 and gave the company a “neutral” rating in a research report on Friday, April 12th. Wedbush increased their target price on shares of RealReal from $3.00 to $4.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Wells Fargo & Company boosted their price target on shares of RealReal from $2.00 to $4.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $6.00 target price on shares of RealReal in a research note on Wednesday, May 8th.

Insiders Place Their Bets

In other news, Director James R. Miller sold 53,526 shares of the 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 sale, the director now directly owns 157,891 shares of the company’s stock, valued at $511,566.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other RealReal news, Director James R. Miller sold 53,526 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $3.24, for a total transaction of $173,424.24. Following the transaction, the director now owns 157,891 shares of the company’s stock, valued at approximately $511,566.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Levesque Rati Sahi sold 45,867 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $4.25, for a total value of $194,934.75. Following the transaction, the president now directly owns 1,266,852 shares in the company, valued at approximately $5,384,121. The disclosure for this sale can be found here. Over the last three months, insiders sold 237,132 shares of company stock valued at $933,131. Insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Several institutional investors have recently modified their holdings of REAL. Findell Capital Management LLC acquired a new position in RealReal in the fourth quarter valued at approximately $13,681,000. AWM Investment Company Inc. bought a new position in shares of RealReal in the 1st quarter worth $1,862,000. Anthracite Investment Company Inc. acquired a new stake in shares of RealReal during the fourth quarter worth $925,000. GSA Capital Partners LLP bought a new stake in RealReal in the first quarter valued at about $1,430,000. Finally, Bank of New York Mellon Corp acquired a new position in RealReal in the second quarter valued at about $915,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Stock Performance

Shares of RealReal stock opened at $3.45 on Friday. The firm has a market cap of $365.60 million, a P/E ratio of -3.03 and a beta of 2.90. The firm’s 50-day simple moving average is $3.56 and its 200-day simple moving average is $3.14. RealReal has a twelve month low of $1.26 and a twelve month high of $4.64.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.04. The company had revenue of $143.80 million for the quarter, compared to analyst estimates of $138.90 million. On average, equities analysts forecast that RealReal will post -0.8 earnings per share for the current fiscal year.

RealReal Company Profile

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.