The RealReal, Inc. (NASDAQ:REAL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $17.25.

REAL has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Robert W. Baird set a $13.00 price target on shares of RealReal in a report on Friday, May 8th. Roth Mkm set a $17.00 price target on RealReal in a research report on Friday, May 8th. BTIG Research reiterated a “buy” rating and issued a $17.00 price objective on shares of RealReal in a research note on Wednesday, June 3rd. Finally, UBS Group reissued a “buy” rating on shares of RealReal in a research report on Wednesday, June 3rd.

RealReal Stock Up 9.3%

Shares of REAL stock opened at $12.45 on Friday. RealReal has a 12 month low of $4.70 and a 12 month high of $17.39. The company has a market cap of $1.50 billion, a PE ratio of -12.21 and a beta of 2.71. The business’s 50 day moving average is $10.45 and its two-hundred day moving average is $12.17.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $189.72 million during the quarter, compared to analyst estimates of $187.82 million. RealReal’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. As a group, equities analysts expect that RealReal will post -0.15 EPS for the current fiscal year.

Insider Activity at RealReal

In related news, CEO Levesque Rati Sahi sold 81,194 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $751,044.50. Following the transaction, the chief executive officer owned 1,581,276 shares of the company’s stock, valued at approximately $14,626,803. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Todd A. Suko sold 17,353 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $160,515.25. Following the transaction, the insider owned 605,394 shares of the company’s stock, valued at approximately $5,599,894.50. The trade was a 2.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 166,830 shares of company stock valued at $1,543,178. 2.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Penn Capital Management Company LLC raised its holdings in RealReal by 13.0% in the 4th quarter. Penn Capital Management Company LLC now owns 1,336,674 shares of the company’s stock valued at $21,112,000 after acquiring an additional 153,806 shares in the last quarter. BIT Capital GmbH bought a new stake in shares of RealReal in the 3rd quarter worth approximately $10,912,000. American Century Companies Inc. grew its holdings in shares of RealReal by 3,474.7% during the 3rd quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock worth $19,537,000 after purchasing an additional 1,786,493 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of RealReal by 25.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 689,998 shares of the company’s stock worth $7,335,000 after purchasing an additional 141,699 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in shares of RealReal by 501.0% during the third quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock valued at $20,846,000 after purchasing an additional 1,634,782 shares during the period. 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.