The RealReal, Inc. (NASDAQ:REAL – Get Free Report)’s share price was up 9.3% during trading on Thursday. The stock traded as high as $9.73 and last traded at $9.9490. 372,929 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 3,206,851 shares. The stock had previously closed at $9.10.
Analyst Ratings Changes
A number of analysts have issued reports on REAL shares. BTIG Research reissued a “buy” rating and issued a $17.00 price target on shares of RealReal in a research note on Thursday, September 17th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Friday, July 17th. Roth Capital reaffirmed a “buy” rating and set a $19.00 price objective on shares of RealReal in a research note on Friday, August 7th. Finally, UBS Group increased their price objective on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, RealReal presently has a consensus rating of “Moderate Buy” and an average target price of $17.75.
Read Our Latest Stock Report on REAL
RealReal Trading Up 12.5%
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 firm had revenue of $192.57 million for the quarter, compared to analyst estimates of $188.11 million. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, analysts predict that The RealReal, Inc. will post -0.12 earnings per share for the current year.
Insider Activity
In other RealReal news, CAO Steve Lo sold 12,559 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was 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 directly owned 176,910 shares in the company, valued at $1,940,702.70. This represents a 6.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Luke Friang sold 22,028 shares of the company’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 $241,867.44. Following the sale, the insider owned 508,648 shares of the company’s stock, valued at $5,584,955.04. This represents a 4.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 173,004 shares of company stock valued at $1,899,283 in the last 90 days. 2.66% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of REAL. KBC Group NV purchased a new stake in RealReal during the 1st quarter worth $26,000. Gables Capital Management Inc. purchased a new stake in RealReal during the 1st quarter worth approximately $35,000. Persistent Asset Partners Ltd acquired a new stake in RealReal in the second quarter valued at $46,000. Integrated Wealth Concepts LLC bought a new position in shares of RealReal during the second quarter worth about $50,000. Finally, Allworth Financial LP bought a new position in RealReal during the 2nd quarter worth approximately $53,000. 64.73% of the stock is owned by institutional investors and hedge funds.
RealReal Company Profile
The RealReal, Inc operates an online and physical marketplace for authenticated, pre-owned luxury goods. The company enables individuals to consign and purchase luxury apparel, handbags, shoes, jewelry, watches, fine art and home décor from leading luxury brands.
The RealReal provides sellers with services that include item evaluation, authentication, pricing, merchandising, photography, listing, shipping and customer support. Buyers can shop through the company’s website, mobile application and select retail locations, with products authenticated before being offered for sale.
Founded in 2011 by Julie Wainwright, The RealReal primarily serves customers in the United States.
Featured Stories
- Five stocks we like better than RealReal
- Synopsys Signals Confidence With $1B Accelerated Buyback, Analysts Raise Targets
- Domino’s Pizza: As Cheap As It Gets, Nowhere to Go But Up
- Apple Cut iPhone 18 Orders; What Does It Mean For Suppliers?
- Failed Breakout in Tech? 3 Sectors Leading the Market Rotation
Receive News & Ratings for RealReal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealReal and related companies with MarketBeat.com's FREE daily email newsletter.
