The RealReal, Inc. (REAL) – What Are Brokerages Thinking About This Stock?

Shares of The RealReal, Inc. (NASDAQ:REAL) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $17.50.

A number of brokerages have commented on REAL. Roth Capital reaffirmed a “buy” rating and set a $19.00 price target on shares of RealReal in a research report on Friday, October 16th. Wall Street Zen upgraded shares of RealReal from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research report on Thursday, October 15th. UBS Group reduced their price target on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 22nd. Finally, BTIG Research restated a “buy” rating and set a $17.00 price objective on shares of RealReal in a research note on Thursday, September 17th.

Insider Transactions at RealReal

In other RealReal news, insider Todd Suko sold 17,567 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.97, for a total value of $192,709.99. Following the completion of the transaction, the insider owned 587,897 shares in the company, valued at approximately $6,449,230.09. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gopal Madan sold 36,418 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $399,869.64. Following the completion of the transaction, the chief financial officer directly owned 1,108,860 shares of the company’s stock, valued at $12,175,282.80. The trade was a 3.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 173,004 shares of company stock worth $1,899,283. Insiders own 2.66% of the company’s stock.

Institutional Investors Weigh In On RealReal

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in shares of RealReal by 25.1% in the first quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after buying an additional 1,253 shares during the last quarter. Net Worth Advisory Group lifted its stake in shares of RealReal by 11.7% in the third quarter. Net Worth Advisory Group now owns 17,345 shares of the company’s stock worth $155,000 after buying an additional 1,810 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of RealReal by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 341,277 shares of the company’s stock worth $3,099,000 after buying an additional 2,295 shares in the last quarter. KBC Group NV acquired a new position in RealReal during the first quarter worth about $26,000. Finally, SBI Securities Co. Ltd. boosted its position in RealReal by 60.7% during the third quarter. SBI Securities Co. Ltd. now owns 7,534 shares of the company’s stock worth $67,000 after acquiring an additional 2,846 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $12.87 on Monday. RealReal has a 12-month low of $8.05 and a 12-month high of $17.39. The business’s fifty day simple moving average is $10.20 and its 200-day simple moving average is $10.96. The company has a market capitalization of $1.61 billion, a PE ratio of -19.21 and a beta of 2.85.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $206.12 million during the quarter, compared to analysts’ expectations of $196.89 million. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS. Research analysts predict that RealReal will post -0.10 EPS for the current year.

About RealReal

The RealReal, Inc operates an online and physical marketplace for authenticated, pre-owned luxury goods. Through its platform, the company enables individuals and businesses to consign and purchase items across categories such as apparel, handbags, shoes, jewelry, watches, fine art, and home furnishings.

The company combines consignment services with in-house authentication, merchandising, photography, fulfillment, and customer support. Its authentication process is designed to assess the legitimacy and condition of products before they are offered for sale, helping connect sellers with buyers seeking luxury items through the resale market.

Founded in 2011 by Julie Wainwright, The RealReal serves customers primarily in the United States through its website, mobile applications, and retail locations.