RealReal (NASDAQ:REAL – Get Free Report) had its price objective dropped by equities researchers at UBS Group from $16.00 to $14.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group‘s price target points to a potential upside of 33.59% from the stock’s previous close.
Several other research firms have also commented on REAL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a report on Thursday, October 15th. Roth Capital reiterated a “buy” rating and set a $19.00 price objective on shares of RealReal in a research note on Friday, October 16th. Finally, BTIG Research reissued a “buy” rating and issued a $17.00 target price on shares of RealReal in a report on Thursday, September 17th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.50.
Read Our Latest Analysis on REAL
RealReal Price Performance
Shares of REAL stock traded down $0.15 on Thursday, hitting $10.48. 2,918,579 shares of the stock traded hands, compared to its average volume of 3,230,751. The company’s fifty day moving average is $10.01 and its 200 day moving average is $10.62. RealReal has a 1-year low of $8.05 and a 1-year high of $17.39. The company has a market capitalization of $1.28 billion, a PE ratio of -9.36 and a beta of 2.81.
RealReal (NASDAQ:REAL – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. The firm’s revenue was up 16.6% compared to the same quarter last year. As a group, equities research analysts expect that RealReal will post -0.11 EPS for the current year.
Insider Transactions at RealReal
In other RealReal news, CEO Levesque Sahi sold 84,432 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $927,063.36. Following the completion of the transaction, the chief executive officer owned 1,496,844 shares in the company, valued at approximately $16,435,347.12. This represents a 5.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Steve Lo sold 12,559 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.97, for a total transaction of $137,772.23. Following the completion of the sale, the chief accounting officer owned 176,910 shares in the company, valued at $1,940,702.70. The trade was a 6.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 173,004 shares of company stock worth $1,899,283 over the last 90 days. Corporate insiders own 2.66% of the company’s stock.
Hedge Funds Weigh In On RealReal
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. KBC Group NV bought a new stake in RealReal during the 1st quarter valued at $26,000. Gables Capital Management Inc. acquired a new position in RealReal during the 1st quarter worth $35,000. Persistent Asset Partners Ltd acquired a new position in RealReal during the 2nd quarter worth $46,000. Integrated Wealth Concepts LLC acquired a new position in RealReal during the 2nd quarter worth $50,000. Finally, Allworth Financial LP bought a new position in shares of RealReal in the second quarter worth $53,000. 64.73% of the stock is owned by institutional investors.
About RealReal
The RealReal, Inc operates an online and physical marketplace for authenticated, pre-owned luxury goods. Through its platform, the company enables individuals and businesses to consign and purchase items across categories such as apparel, handbags, shoes, jewelry, watches, fine art, and home furnishings.
The company combines consignment services with in-house authentication, merchandising, photography, fulfillment, and customer support. Its authentication process is designed to assess the legitimacy and condition of products before they are offered for sale, helping connect sellers with buyers seeking luxury items through the resale market.
Founded in 2011 by Julie Wainwright, The RealReal serves customers primarily in the United States through its website, mobile applications, and retail locations.
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