RealReal Inc (NASDAQ:REAL) has been assigned a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $24.73.
A number of research firms have recently commented on REAL. ValuEngine upgraded RealReal from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. DA Davidson began coverage on RealReal in a report on Tuesday, December 10th. They set a “buy” rating and a $22.00 price objective for the company. National Bank Financial upped their price objective on RealReal from $9.00 to $13.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Stifel Nicolaus restated a “buy” rating and set a $30.00 price objective on shares of RealReal in a report on Tuesday, November 5th. Finally, Needham & Company LLC began coverage on RealReal in a report on Wednesday, December 18th. They set a “buy” rating and a $23.00 price objective for the company.
In other RealReal news, CEO Julie Wainwright sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $17.74, for a total value of $1,330,500.00. Following the transaction, the chief executive officer now owns 4,505,739 shares of the company’s stock, valued at $79,931,809.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Levesque Rati Sahi sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.03, for a total transaction of $90,150.00. Following the completion of the transaction, the chief operating officer now directly owns 265,540 shares in the company, valued at approximately $4,787,686.20. The disclosure for this sale can be found here. Company insiders own 10.06% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of REAL. Price T Rowe Associates Inc. MD bought a new position in RealReal in the second quarter worth about $28,900,000. Bamco Inc. NY acquired a new stake in shares of RealReal in the second quarter valued at approximately $25,374,000. Morgan Stanley acquired a new stake in shares of RealReal in the second quarter valued at approximately $22,936,000. TimesSquare Capital Management LLC increased its stake in shares of RealReal by 353.9% in the third quarter. TimesSquare Capital Management LLC now owns 960,020 shares of the company’s stock valued at $21,466,000 after purchasing an additional 748,520 shares during the period. Finally, BlackRock Inc. acquired a new stake in shares of RealReal in the second quarter valued at approximately $16,808,000. 43.86% of the stock is currently owned by hedge funds and other institutional investors.
REAL stock opened at $18.14 on Tuesday. The business has a fifty day simple moving average of $17.89 and a 200-day simple moving average of $19.42. RealReal has a 52 week low of $12.58 and a 52 week high of $30.05.
RealReal (NASDAQ:REAL) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.04. The firm had revenue of $80.50 million for the quarter, compared to analyst estimates of $75.90 million. The business’s revenue for the quarter was up 55.4% on a year-over-year basis. On average, analysts forecast that RealReal will post -1.17 earnings per share for the current fiscal year.
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