The RealReal, Inc. (NASDAQ:REAL) Receives $17.07 Consensus Price Target from Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $17.4375.

A number of brokerages have recently issued reports on REAL. Roth Capital set a $17.50 target price on shares of RealReal and gave the stock a “buy” rating in a research report on Wednesday, October 29th. B. Riley raised their price objective on shares of RealReal from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. KeyCorp raised shares of RealReal from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research report on Wednesday, November 5th. Northland Securities set a $20.00 target price on shares of RealReal in a report on Wednesday, January 14th. Finally, UBS Group increased their target price on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th.

Insider Activity at RealReal

In related news, insider Todd A. Suko sold 72,933 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $14.10, for a total transaction of $1,028,355.30. Following the completion of the sale, the insider directly owned 606,510 shares of the company’s stock, valued at $8,551,791. This trade represents a 10.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gopal Ajay Madan sold 28,520 shares of RealReal stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $14.73, for a total transaction of $420,099.60. Following the completion of the transaction, the chief financial officer owned 1,156,092 shares in the company, valued at approximately $17,029,235.16. This trade represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 15,823,249 shares of company stock worth $209,258,341 in the last ninety days. Company insiders own 9.00% of the company’s stock.

Institutional Trading of RealReal

Several hedge funds have recently made changes to their positions in the company. Divisadero Street Capital Management LP raised its position in RealReal by 652.5% in the third quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock worth $27,636,000 after acquiring an additional 2,254,300 shares in the last quarter. American Century Companies Inc. grew its stake in shares of RealReal by 3,474.7% during the 3rd quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock worth $19,537,000 after purchasing an additional 1,786,493 shares during the period. Jupiter Asset Management Ltd. grew its stake in shares of RealReal by 501.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock worth $20,846,000 after purchasing an additional 1,634,782 shares during the period. Penn Capital Management Company LLC purchased a new position in shares of RealReal in the 3rd quarter valued at about $12,585,000. Finally, BIT Capital GmbH acquired a new stake in shares of RealReal in the third quarter valued at about $10,912,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Trading Up 1.7%

Shares of NASDAQ:REAL opened at $16.59 on Tuesday. RealReal has a 52 week low of $4.61 and a 52 week high of $17.25. The company’s 50 day moving average is $15.09 and its two-hundred day moving average is $10.91. The company has a market cap of $1.94 billion, a PE ratio of -12.02 and a beta of 2.60.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The business had revenue of $173.57 million during the quarter, compared to the consensus estimate of $169.01 million. As a group, equities research analysts expect that RealReal will post -0.4 EPS for the current year.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.