The RealReal, Inc. (NASDAQ:REAL) Receives Consensus Rating of “Moderate Buy” from Brokerages

The RealReal, Inc. (NASDAQ:REAL) has been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $8.33.

A number of equities research analysts have issued reports on the company. Northland Securities raised their target price on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, UBS Group cut their target price on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th.

RealReal Price Performance

Shares of REAL opened at $6.82 on Monday. The business’s fifty day moving average price is $8.84 and its 200 day moving average price is $5.75. RealReal has a 12-month low of $1.72 and a 12-month high of $11.38. The stock has a market capitalization of $758.70 million, a PE ratio of -5.29 and a beta of 2.83.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The business had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. As a group, research analysts anticipate that RealReal will post -0.4 earnings per share for the current fiscal year.

Insider Activity at RealReal

In related news, insider Luke Thomas Friang sold 18,503 shares of RealReal stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $127,670.70. Following the sale, the insider now directly owns 556,557 shares in the company, valued at $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Insiders have sold a total of 654,761 shares of company stock worth $5,592,306 over the last ninety days. 9.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Anchorage Capital Advisors L.P. acquired a new position in RealReal during the third quarter worth about $10,675,000. Woodson Capital Management LP grew its holdings in RealReal by 2.9% during the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after acquiring an additional 150,000 shares during the period. Vanguard Group Inc. grew its holdings in RealReal by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company’s stock worth $53,613,000 after acquiring an additional 121,626 shares during the period. Geode Capital Management LLC grew its holdings in RealReal by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company’s stock worth $25,447,000 after acquiring an additional 33,927 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in RealReal by 8.7% during the fourth quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company’s stock worth $24,867,000 after acquiring an additional 181,300 shares during the period. 64.73% of the stock is 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.