RealReal (NASDAQ:REAL) Sets New 1-Year High – Time to Buy?

The RealReal, Inc. (NASDAQ:REAL) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $17.39 and last traded at $16.96, with a volume of 529864 shares changing hands. The stock had previously closed at $16.58.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a report on Wednesday, October 8th. Robert W. Baird set a $15.00 price objective on shares of RealReal in a research note on Wednesday, December 17th. BTIG Research raised their target price on shares of RealReal from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, December 30th. Roth Mkm set a $17.50 target price on shares of RealReal and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, B. Riley boosted their price target on shares of RealReal from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.94.

RealReal Stock Down 0.8%

The stock has a market cap of $1.92 billion, a PE ratio of -11.92 and a beta of 2.60. The business’s fifty day moving average is $15.13 and its 200 day moving average is $11.03.

RealReal (NASDAQ:REAL) last issued its earnings results on Monday, November 10th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The business had revenue of $173.57 million for the quarter, compared to the consensus estimate of $169.01 million. As a group, analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Activity at RealReal

In related news, CAO Steve Ming Lo sold 59,789 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $14.46, for a total value of $864,548.94. Following the sale, the chief accounting officer directly owned 249,553 shares in the company, valued at $3,608,536.38. The trade was a 19.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Todd A. Suko sold 72,933 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $14.10, for a total transaction of $1,028,355.30. Following the completion of the sale, the insider directly owned 606,510 shares in the company, valued at approximately $8,551,791. The trade was a 10.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,823,249 shares of company stock valued at $209,258,341 in the last 90 days. 9.00% of the stock is owned by corporate insiders.

Institutional Trading of RealReal

Several institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank increased its stake in shares of RealReal by 0.3% during the 3rd quarter. Comerica Bank now owns 351,156 shares of the company’s stock worth $3,733,000 after purchasing an additional 1,156 shares in the last quarter. Arizona State Retirement System grew its holdings in RealReal by 9.6% during the 3rd quarter. Arizona State Retirement System now owns 28,446 shares of the company’s stock valued at $302,000 after buying an additional 2,496 shares during the last quarter. Quarry LP purchased a new position in RealReal during the third quarter worth $28,000. Larson Financial Group LLC purchased a new position in RealReal during the third quarter worth $31,000. Finally, Creative Planning raised its holdings in shares of RealReal by 23.4% in the third quarter. Creative Planning now owns 17,923 shares of the company’s stock worth $191,000 after acquiring an additional 3,395 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.