Brokerages Set The RealReal, Inc. (NASDAQ:REAL) Target Price at $18.06

The RealReal, Inc. (NASDAQ:REAL) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $18.0625.

Several brokerages recently weighed in on REAL. Northland Securities set a $20.00 price objective on shares of RealReal in a research report on Wednesday, January 14th. Robert W. Baird raised their price target on shares of RealReal from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. B. Riley Financial lifted their price target on RealReal from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, December 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company increased their price objective on RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th.

RealReal Stock Performance

Shares of REAL opened at $9.08 on Friday. RealReal has a 1 year low of $4.61 and a 1 year high of $17.39. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -8.33 and a beta of 2.67. The firm has a fifty day moving average of $11.74 and a 200-day moving average of $12.72.

Insider Activity at RealReal

In related news, CEO Levesque Rati Sahi sold 121,399 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $1,301,397.28. Following the completion of the sale, the chief executive officer owned 1,482,779 shares of the company’s stock, valued at $15,895,390.88. This represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gopal Ajay Madan sold 51,585 shares of the stock in a transaction dated Thursday, March 19th. The shares were 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. This represents a 4.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 286,883 shares of company stock worth $3,001,619 in the last ninety days. 9.00% of the stock is currently owned by corporate insiders.

Institutional Trading of RealReal

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

About RealReal

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.