The RealReal, Inc. (NASDAQ:REAL) Stock Has Consensus Price Target of $17.75

The RealReal, Inc. (NASDAQ:REAL) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $17.75.

A number of research analysts have commented on REAL shares. UBS Group upped their price target on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. BTIG Research reaffirmed a “buy” rating and issued a $17.00 price objective on shares of RealReal in a research note on Thursday, September 17th. Roth Capital reaffirmed a “buy” rating and issued a $19.00 price objective on shares of RealReal in a research note on Friday, August 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a report on Friday, July 17th.

Insider Activity at RealReal

In other news, insider Todd Suko sold 17,567 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.97, for a total transaction of $192,709.99. Following the sale, the insider owned 587,897 shares of the company’s stock, valued at approximately $6,449,230.09. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Steve Lo sold 12,559 shares of the 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 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 173,004 shares of company stock valued at $1,899,283. 2.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On RealReal

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of RealReal in the second quarter valued at $134,510,000. AWM Investment Company Inc. purchased a new position in RealReal in the second quarter valued at $21,265,000. Arrowstreet Capital Limited Partnership grew its stake in RealReal by 58.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock worth $36,765,000 after purchasing an additional 1,489,939 shares in the last quarter. Bank of America Corp DE acquired a new position in RealReal during the 2nd quarter worth $12,655,000. Finally, Renaissance Technologies LLC grew its stake in RealReal by 117.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,646,200 shares of the company’s stock worth $14,947,000 after purchasing an additional 890,700 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Trading Down 7.2%

Shares of REAL opened at $9.10 on Thursday. The firm has a market cap of $1.11 billion, a P/E ratio of -8.12 and a beta of 2.81. RealReal has a 12-month low of $8.05 and a 12-month high of $17.39. The company’s 50-day moving average price is $10.15 and its 200 day moving average price is $10.56.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. The business’s quarterly revenue was up 16.6% on a year-over-year basis. Equities research analysts forecast that RealReal will post -0.12 earnings per share for the current year.

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.