The RealReal, Inc. (NASDAQ:REAL) Receives $16.36 Consensus Target Price from Brokerages

The RealReal, Inc. (NASDAQ:REAL) has received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $16.3571.

REAL has been the subject of a number of recent research reports. KeyCorp upgraded RealReal from a “sector weight” rating to an “overweight” rating and set a $16.00 price target for the company in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research note on Wednesday, October 8th. B. Riley boosted their target price on shares of RealReal from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, December 12th. BTIG Research upped their target price on shares of RealReal from $11.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, William Blair initiated coverage on shares of RealReal in a research report on Monday, December 15th. They issued an “outperform” rating on the stock.

RealReal Trading Down 1.2%

Shares of REAL opened at $15.52 on Friday. The firm has a fifty day simple moving average of $13.09 and a two-hundred day simple moving average of $9.28. The firm has a market cap of $1.81 billion, a PE ratio of -11.25 and a beta of 2.68. RealReal has a 1-year low of $4.61 and a 1-year high of $16.24.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The company had revenue of $173.57 million during the quarter, compared to the consensus estimate of $169.01 million. As a group, research analysts forecast that RealReal will post -0.4 EPS for the current fiscal year.

Insider Transactions at RealReal

In other RealReal news, CFO Gopal Ajay Madan sold 28,520 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $14.73, for a total value of $420,099.60. Following the completion of the sale, the chief financial officer owned 1,156,092 shares in the company, valued at $17,029,235.16. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Steve Ming Lo sold 59,789 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $14.46, for a total value of $864,548.94. Following the completion of the transaction, the chief accounting officer directly owned 249,553 shares in the company, valued at $3,608,536.38. This trade represents a 19.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,823,249 shares of company stock worth $209,258,341 over the last three months. 9.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in REAL. Divisadero Street Capital Management LP raised its holdings in RealReal by 652.5% during the 3rd quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock valued at $27,636,000 after buying an additional 2,254,300 shares during the period. American Century Companies Inc. increased its position in RealReal by 3,474.7% during the third quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock valued at $19,537,000 after acquiring an additional 1,786,493 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of RealReal by 501.0% in the third quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock valued at $20,846,000 after acquiring an additional 1,634,782 shares during the period. Penn Capital Management Company LLC bought a new stake in shares of RealReal in the 3rd quarter worth about $12,585,000. Finally, BIT Capital GmbH bought a new stake in shares of RealReal in the 3rd quarter worth about $10,912,000. 64.73% of the stock is currently owned by institutional investors.

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.