BTIG Research Boosts The RealReal (NASDAQ:REAL) Price Target to $32.00


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The RealReal (NASDAQ:REAL) had its price objective boosted by stock analysts at BTIG Research from $27.00 to $32.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The firm currently has a “buy” rating on the stock. BTIG Research’s target price suggests a potential upside of 25.10% from the stock’s current price.

A number of other analysts also recently issued reports on REAL. Stifel Nicolaus downgraded The RealReal from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research report on Monday, January 11th. Zacks Investment Research downgraded The RealReal from a “hold” rating to a “sell” rating in a research report on Saturday, November 14th. Morgan Stanley boosted their price target on The RealReal from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, January 15th. Cowen boosted their price target on The RealReal from $18.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Robert W. Baird began coverage on The RealReal in a research report on Monday, December 21st. They set an “outperform” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $22.29.

NASDAQ:REAL opened at $25.58 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.46 and a current ratio of 3.62. The stock’s 50-day simple moving average is $25.68 and its 200 day simple moving average is $18.22. The company has a market cap of $2.27 billion, a P/E ratio of -15.32 and a beta of 3.33. The RealReal has a 52-week low of $5.00 and a 52-week high of $30.22.

The RealReal (NASDAQ:REAL) last released its earnings results on Sunday, February 21st. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.08). The company had revenue of $84.59 million during the quarter, compared to analyst estimates of $93.89 million. The RealReal had a negative net margin of 46.90% and a negative return on equity of 48.99%. The RealReal’s revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.17) EPS. As a group, equities analysts predict that The RealReal will post -1.86 earnings per share for the current fiscal year.

In related news, COO Levesque Rati Sahi sold 1,629 shares of the business’s stock in a transaction that occurred on Tuesday, January 26th. The stock was sold at an average price of $25.90, for a total value of $42,191.10. Following the completion of the sale, the chief operating officer now directly owns 191,806 shares in the company, valued at $4,967,775.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Steve Ming Lo sold 13,382 shares of the business’s stock in a transaction that occurred on Monday, January 11th. The shares were sold at an average price of $23.79, for a total value of $318,357.78. Following the completion of the sale, the chief accounting officer now owns 41,049 shares of the company’s stock, valued at $976,555.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 662,494 shares of company stock valued at $14,303,048. Corporate insiders own 27.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in shares of The RealReal by 74.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,750 shares of the company’s stock valued at $73,000 after buying an additional 1,600 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of The RealReal by 13.1% in the third quarter. UBS Asset Management Americas Inc. now owns 14,700 shares of the company’s stock valued at $213,000 after buying an additional 1,700 shares during the period. Bailard Inc. boosted its stake in shares of The RealReal by 19.4% in the fourth quarter. Bailard Inc. now owns 16,600 shares of the company’s stock valued at $324,000 after buying an additional 2,700 shares during the period. Rhumbline Advisers boosted its stake in shares of The RealReal by 4.0% in the fourth quarter. Rhumbline Advisers now owns 79,081 shares of the company’s stock valued at $1,545,000 after buying an additional 3,066 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of The RealReal by 2.6% in the third quarter. California Public Employees Retirement System now owns 129,500 shares of the company’s stock valued at $1,874,000 after buying an additional 3,300 shares during the period. Institutional investors and hedge funds own 84.16% of the company’s stock.

About The RealReal

The RealReal, Inc operates an online marketplace for consigned luxury goods. It offers various resale product categories, including women's, men's, kids', jewelry, and watches, as well as home and art products. The company was founded in 2011 and is headquartered in San Francisco, California.

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Analyst Recommendations for The RealReal (NASDAQ:REAL)

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