RealReal (NASDAQ:REAL) Lifted to Strong-Buy at Northland Capmk

Northland Capmk upgraded shares of RealReal (NASDAQ:REAL) to a strong-buy rating in a research note published on Monday morning, Zacks.com reports.

Several other research analysts also recently weighed in on REAL. Robert W. Baird dropped their target price on shares of RealReal from $4.00 to $3.50 and set a neutral rating on the stock in a research report on Wednesday, August 7th. Northland Securities assumed coverage on shares of RealReal in a research note on Monday. They issued an outperform rating and a $6.00 price objective for the company. Finally, Wedbush dropped their target price on shares of RealReal from $4.50 to $4.00 and set an outperform rating on the stock in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $4.40.

RealReal Stock Performance

NASDAQ REAL opened at $3.21 on Monday. The company’s 50 day moving average price is $2.93 and its 200 day moving average price is $3.38. The firm has a market capitalization of $340.16 million, a price-to-earnings ratio of -2.82 and a beta of 2.81. RealReal has a one year low of $1.26 and a one year high of $4.64.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The company had revenue of $144.93 million for the quarter, compared to analyst estimates of $139.85 million. Sell-side analysts forecast that RealReal will post -0.74 EPS for the current fiscal year.

Insider Activity

In related news, Director James R. Miller sold 53,526 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $3.24, for a total value of $173,424.24. Following the completion of the transaction, the director now directly owns 157,891 shares of the company’s stock, valued at $511,566.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other RealReal news, Director James R. Miller sold 53,526 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $3.24, for a total value of $173,424.24. Following the sale, the director now owns 157,891 shares in the company, valued at $511,566.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Steve Ming Lo sold 20,610 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $53,792.10. Following the completion of the sale, the chief accounting officer now owns 508,528 shares in the company, valued at approximately $1,327,258.08. The disclosure for this sale can be found here. Insiders have sold 169,863 shares of company stock worth $477,394 over the last ninety days. Insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of RealReal during the 1st quarter worth approximately $880,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of RealReal in the first quarter worth approximately $674,000. Findell Capital Management LLC acquired a new position in RealReal in the fourth quarter valued at $13,681,000. GSA Capital Partners LLP bought a new stake in shares of RealReal during the 1st quarter valued at about $1,430,000. Finally, Vanguard Group Inc. lifted its stake in RealReal by 0.4% in the first quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock valued at $16,039,000 after buying an additional 18,352 shares during the period. Institutional investors own 64.73% of the company’s stock.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.