Shares of The RealReal, Inc. (NASDAQ:REAL – Get Free Report) have earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $17.75.
Several equities research analysts have weighed in on REAL shares. Roth Capital reiterated a “buy” rating and issued a $19.00 target price on shares of RealReal in a report on Friday, August 7th. BTIG Research reissued a “buy” rating and issued a $17.00 price target on shares of RealReal in a report on Thursday, September 17th. UBS Group upped their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th.
Get Our Latest Research Report on RealReal
RealReal Price Performance
RealReal (NASDAQ:REAL – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $192.57 million for the quarter, compared to the consensus estimate of $188.11 million. RealReal’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, research analysts anticipate that RealReal will post -0.12 earnings per share for the current year.
Insider Transactions at RealReal
In other RealReal news, CEO Levesque Sahi sold 84,432 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $927,063.36. Following the completion of the sale, the chief executive officer directly owned 1,496,844 shares in the company, valued at $16,435,347.12. This represents a 5.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gopal Madan sold 36,418 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $399,869.64. Following the sale, the chief financial officer directly owned 1,108,860 shares in the company, valued at approximately $12,175,282.80. This represents a 3.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 173,004 shares of company stock valued at $1,899,283. Insiders own 2.66% of the company’s stock.
Institutional Trading of RealReal
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of RealReal in the second quarter valued at approximately $134,510,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of RealReal by 58.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock worth $36,765,000 after acquiring an additional 1,489,939 shares during the period. AWM Investment Company Inc. acquired a new stake in shares of RealReal during the second quarter worth $21,265,000. Penn Capital Management Company LLC raised its holdings in shares of RealReal by 13.0% during the fourth quarter. Penn Capital Management Company LLC now owns 1,336,674 shares of the company’s stock worth $21,112,000 after acquiring an additional 153,806 shares during the period. Finally, BIT Capital GmbH lifted its position in RealReal by 10.4% in the 4th quarter. BIT Capital GmbH now owns 1,133,140 shares of the company’s stock valued at $17,881,000 after acquiring an additional 106,656 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.
RealReal Company Profile
The RealReal, Inc (NASDAQ: REAL) operates an online and brick-and-mortar marketplace for authenticated, pre-owned luxury goods. The company connects individuals and businesses seeking to sell luxury items with consumers looking to purchase them, handling consignment, authentication, merchandising, and fulfillment.
Its marketplace offers products across categories including women’s and men’s fashion, handbags, shoes, jewelry, watches, fine art, and home goods. The RealReal sells through its website and mobile applications, as well as through physical retail locations and other selling channels.
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