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

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

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

RealReal Trading Up 3.7 %

RealReal stock opened at $2.79 on Monday. The firm’s fifty 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 $302.72 million, a price-to-earnings ratio of -2.45 and a beta of 2.80. RealReal has a 1-year low of $1.26 and a 1-year high of $4.64.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share 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 the consensus estimate of $139.85 million. On average, research analysts forecast that RealReal will post -0.74 EPS for the current year.

Insider Transactions at RealReal

In related news, Director Karen Katz sold 33,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total value of $86,460.00. Following the transaction, the director now directly 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 Securities & Exchange Commission, which is available through this link. In other RealReal news, President Levesque Rati Sahi sold 46,488 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 value of $121,333.68. Following the sale, the president now directly owns 1,210,375 shares in the company, valued at $3,159,078.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Karen Katz sold 33,000 shares of the stock in a transaction 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 transaction, the director now owns 201,301 shares of the company’s stock, valued at approximately $527,408.62. The disclosure for this sale can be found here. Insiders have sold 169,863 shares of company stock worth $477,394 in the last ninety days. Company insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Drive Wealth Management LLC purchased a new position in shares of RealReal in the second quarter worth about $32,000. Calamos Advisors LLC purchased a new position in RealReal in the 2nd quarter valued at approximately $34,000. Evoke Wealth LLC purchased a new position in RealReal in the 2nd quarter valued at approximately $36,000. Crown Wealth Group LLC bought a new stake in RealReal during the 1st quarter valued at $39,000. Finally, Searle & CO. purchased a new stake in shares of RealReal during the first quarter worth $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.