RealReal (NASDAQ:REAL) Given Buy Rating at Roth Capital

RealReal (NASDAQ:REAL)‘s stock had its “buy” rating reissued by stock analysts at Roth Capital in a research note issued on Friday, Benzinga reports. They presently have a $19.00 target price on the stock. Roth Capital’s price objective indicates a potential upside of 80.27% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a report on Thursday. BTIG Research reaffirmed a “buy” rating and set a $17.00 price objective on shares of RealReal in a report on Thursday, September 17th. Finally, UBS Group increased their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.75.

RealReal Price Performance

REAL remained flat at $10.54 during midday trading on Friday. 2,690,772 shares of the company’s stock traded hands, compared to its average volume of 3,232,038. The stock has a market cap of $1.28 billion, a P/E ratio of -9.41 and a beta of 2.81. RealReal has a fifty-two week low of $8.05 and a fifty-two week high of $17.39. The stock’s 50-day moving average price is $10.10 and its 200 day moving average price is $10.57.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $192.57 million for the quarter, compared to analysts’ expectations of $188.11 million. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts expect that RealReal will post -0.12 EPS for the current year.

Insider Buying and Selling

In other RealReal news, insider Todd A. Suko sold 17,567 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.97, for a total value of $192,709.99. Following the transaction, the insider owned 587,897 shares in the company, valued at approximately $6,449,230.09. This trade represents a 2.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Steve Lo sold 12,559 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.97, for a total value of $137,772.23. Following the completion of the transaction, the chief accounting officer owned 176,910 shares in the company, valued at $1,940,702.70. The trade was a 6.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 173,004 shares of company stock worth $1,899,283 in the last ninety days. Company insiders own 2.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in shares of RealReal by 25.1% during the first quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock worth $57,000 after purchasing an additional 1,253 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of RealReal by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 341,277 shares of the company’s stock worth $3,099,000 after purchasing an additional 2,295 shares during the last quarter. KBC Group NV purchased a new position in shares of RealReal during the first quarter worth about $26,000. Allworth Financial LP grew its holdings in shares of RealReal by 211.3% during the second quarter. Allworth Financial LP now owns 4,504 shares of the company’s stock worth $53,000 after purchasing an additional 3,057 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of RealReal by 12.9% during the second quarter. Arizona State Retirement System now owns 30,369 shares of the company’s stock worth $358,000 after purchasing an additional 3,464 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

More RealReal News

Here are the key news stories impacting RealReal this week:

• Positive Sentiment: Debt refinancing improves financial flexibility: The RealReal secured a new $150 million senior secured term loan and a $25 million revolving credit facility. Proceeds will be used to redeem the company’s 2029 senior secured notes, extending the secured-debt maturity to 2033 and potentially reducing interest expense by approximately $4 million annually. The RealReal refinancing announcement
• Positive Sentiment: Cash flow outlook adds support: Coverage highlighted that The RealReal is entering its third consecutive year of positive free cash flow, with the possibility of roughly doubling free cash flow next year. Lower interest costs could further support cash generation and deleveraging. Why The RealReal stock popped
• Positive Sentiment: Analyst targets imply upside: Nine analysts reportedly set a consensus target of $17.75 for REAL, well above the recent trading level, indicating continued confidence in the company’s longer-term growth and turnaround prospects. Analyst target coverage
• Neutral Sentiment: Third-quarter results are approaching: The RealReal plans to report results for the quarter ended September 30 after the market closes on October 29, followed by a conference call. Investors may remain focused on revenue growth, profitability, free cash flow and leverage. The RealReal third-quarter earnings date
• Negative Sentiment: Estimate trends present a risk: Zacks noted that the latest direction of earnings-estimate revisions may not support continued near-term momentum, potentially limiting further upside after the recent rally. Zacks analysis of The RealReal

About RealReal

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.