Analysts Set The RealReal, Inc. (NASDAQ:REAL) Price Target at $4.24

The RealReal, Inc. (NASDAQ:REAL) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $4.24.

Several research firms recently issued reports on REAL. Northland Securities initiated coverage on shares of RealReal in a report on Monday, September 16th. They set an “outperform” rating and a $6.00 price target for the company. Northland Capmk raised RealReal to a “strong-buy” rating in a report on Monday, September 16th. Wedbush cut their price objective on RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Robert W. Baird decreased 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.

RealReal Trading Down 4.6 %

NASDAQ:REAL opened at $2.90 on Tuesday. RealReal has a 12-month low of $1.29 and a 12-month high of $4.64. The stock’s 50 day simple moving average is $2.93 and its 200-day simple moving average is $3.29. The firm has a market cap of $307.31 million, a P/E ratio of -2.54 and a beta of 2.79.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.02. The firm had revenue of $144.93 million during the quarter, compared to analyst estimates of $139.85 million. Research analysts forecast that RealReal will post -0.82 EPS for the current fiscal year.

Insider Transactions at RealReal

In related news, Director Karen Katz sold 33,000 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total value of $86,460.00. Following the sale, the director now directly owns 201,301 shares of the company’s stock, valued at approximately $527,408.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other RealReal news, Director Karen Katz sold 33,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total transaction of $86,460.00. Following the completion of the transaction, the director now owns 201,301 shares of the company’s stock, valued at approximately $527,408.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Levesque Rati Sahi sold 46,488 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $121,333.68. Following the completion of the sale, the president now owns 1,210,375 shares in the company, valued at $3,159,078.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 116,337 shares of company stock valued at $303,970 in the last 90 days. 9.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RealReal

A number of hedge funds and other institutional investors have recently modified their holdings of REAL. Fortis Group Advisors LLC lifted its stake in shares of RealReal by 11.0% during the third quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company’s stock valued at $244,000 after buying an additional 7,686 shares during the period. Crown Wealth Group LLC purchased a new position in shares of RealReal during the 1st quarter worth $39,000. Searle & CO. purchased a new position in shares of RealReal during the 1st quarter worth $39,000. Drive Wealth Management LLC acquired a new stake in shares of RealReal during the second quarter worth $32,000. Finally, Calamos Advisors LLC purchased a new stake in shares of RealReal in the second quarter valued at $34,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

About RealReal

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.