Brokerages Set The RealReal, Inc. (NASDAQ:REAL) PT at $8.33

The RealReal, Inc. (NASDAQ:REAL) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $8.33.

Separately, UBS Group decreased their price target on RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th.

Insider Buying and Selling

In related news, CAO Steve Ming Lo sold 23,477 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the transaction, the chief accounting officer now owns 330,117 shares of the company’s stock, valued at approximately $2,277,807.30. This represents a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the sale, the insider now directly owns 556,557 shares of the company’s stock, valued at $3,840,243.30. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 258,283 shares of company stock valued at $1,782,153. Insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Large investors have recently made changes to their positions in the business. Quarry LP increased its position in shares of RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after acquiring an additional 1,569 shares in the last quarter. R Squared Ltd acquired a new stake in shares of RealReal in the fourth quarter worth $49,000. Teacher Retirement System of Texas acquired a new stake in shares of RealReal in the first quarter worth $61,000. GAMMA Investing LLC increased its position in shares of RealReal by 6,203.2% in the first quarter. GAMMA Investing LLC now owns 13,804 shares of the company’s stock worth $74,000 after acquiring an additional 13,585 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of RealReal in the fourth quarter worth $94,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Stock Down 1.6 %

Shares of REAL opened at $6.13 on Tuesday. The stock has a 50 day moving average price of $5.79 and a 200 day moving average price of $6.56. The company has a market capitalization of $693.27 million, a price-to-earnings ratio of -4.75 and a beta of 2.90. RealReal has a 52-week low of $2.24 and a 52-week high of $11.38.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The business had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. On average, equities analysts anticipate that RealReal will post -0.4 EPS for the current fiscal year.

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.