The RealReal, Inc. (NASDAQ:REAL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $18.0625.

Several brokerages recently weighed in on REAL. KeyCorp lifted their price objective on RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. UBS Group lifted their price objective on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Wall Street Zen lowered RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, Northland Securities set a $20.00 price objective on RealReal in a report on Wednesday, January 14th.

Insider Buying and Selling at RealReal

In other RealReal news, CFO Gopal Ajay Madan sold 51,585 shares of RealReal stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $9.29, for a total transaction of $479,224.65. Following the completion of the transaction, the chief financial officer owned 1,179,307 shares of the company’s stock, valued at $10,955,762.03. The trade was a 4.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Steve Ming Lo sold 16,962 shares of RealReal stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $181,832.64. Following the transaction, the chief accounting officer directly owned 170,236 shares of the company’s stock, valued at $1,824,929.92. The trade was a 9.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 286,883 shares of company stock worth $3,001,619. 9.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in RealReal during the 3rd quarter valued at about $28,000. Larson Financial Group LLC purchased a new position in RealReal during the 3rd quarter valued at about $31,000. State of Alaska Department of Revenue purchased a new position in RealReal during the 3rd quarter valued at about $59,000. Flagship Harbor Advisors LLC purchased a new position in RealReal during the 4th quarter valued at about $71,000. Finally, Kemnay Advisory Services Inc. purchased a new position in RealReal during the 4th quarter valued at about $104,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Stock Performance

Shares of REAL opened at $11.77 on Thursday. The business has a 50-day moving average of $10.52 and a 200 day moving average of $12.76. RealReal has a fifty-two week low of $4.70 and a fifty-two week high of $17.39. The firm has a market cap of $1.42 billion, a P/E ratio of -10.80 and a beta of 2.81.

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.