RealReal (NASDAQ:REAL) Earns Outperform Rating from Analysts at Northland Securities

Stock analysts at Northland Securities started coverage on shares of RealReal (NASDAQ:REAL) in a research report issued to clients and investors on Monday, Briefing.com reports. The brokerage set an “outperform” rating and a $6.00 price target on the stock. Northland Securities’ price objective points to a potential upside of 110.53% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Wedbush lowered their target price on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Robert W. Baird lowered their price objective on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, RealReal has an average rating of “Hold” and an average target price of $4.40.

RealReal Price Performance

Shares of NASDAQ REAL opened at $2.85 on Monday. The firm has a market cap of $309.23 million, a price-to-earnings ratio of -2.50 and a beta of 2.80. The stock’s fifty day moving average price is $2.95 and its two-hundred day moving average price is $3.37. RealReal has a one year low of $1.26 and a one year high of $4.64.

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

Insider Activity at RealReal

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

Institutional Trading of RealReal

Several hedge funds and other institutional investors have recently made changes to their positions in REAL. Drive Wealth Management LLC acquired a new stake in shares of RealReal in the second quarter valued at about $32,000. Calamos Advisors LLC acquired a new stake in shares of RealReal during the second quarter worth $34,000. Evoke Wealth LLC bought a new position in RealReal during the second quarter worth $36,000. Crown Wealth Group LLC acquired a new position in RealReal in the first quarter valued at $39,000. Finally, Searle & CO. bought a new stake in RealReal during the first quarter valued at $39,000. 64.73% of the stock is currently owned by institutional investors.

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.