RealReal (NASDAQ:REAL) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of RealReal (NASDAQ:REAL) from a buy rating to a hold rating in a report released on Saturday morning.

A number of other research analysts have also recently issued reports on REAL. Robert W. Baird set a $15.00 target price on shares of RealReal in a research note on Wednesday, December 17th. BTIG Research lifted their price objective on RealReal from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, December 30th. Wells Fargo & Company boosted their price objective on RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. KeyCorp upgraded RealReal from a “sector weight” rating to an “overweight” rating and set a $16.00 target price for the company in a research note on Wednesday, November 5th. Finally, UBS Group upped their price target on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.07.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $16.71 on Friday. The company’s fifty day moving average is $14.54 and its 200-day moving average is $10.50. RealReal has a 52 week low of $4.61 and a 52 week high of $16.90. The company has a market capitalization of $1.95 billion, a PE ratio of -12.11 and a beta of 2.60.

RealReal (NASDAQ:REAL) last announced its earnings results on Monday, November 10th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The company had revenue of $173.57 million for the quarter, compared to analyst estimates of $169.01 million. On average, analysts forecast that RealReal will post -0.4 EPS for the current year.

Insider Activity

In other news, CFO Gopal Ajay Madan sold 28,520 shares of RealReal stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $14.73, for a total transaction 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. The trade was a 2.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Luke Thomas Friang sold 18,619 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $13.06, for a total transaction of $243,164.14. Following the sale, the insider directly owned 499,265 shares of the company’s stock, valued at approximately $6,520,400.90. This trade represents a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 15,823,249 shares of company stock worth $209,258,341. Corporate insiders own 9.00% of the company’s stock.

Institutional Trading of RealReal

Institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in shares of RealReal in the 3rd quarter valued at $28,000. Larson Financial Group LLC acquired a new stake in shares of RealReal during the third quarter worth $31,000. State of Alaska Department of Revenue bought a new stake in RealReal in the third quarter valued at about $59,000. EHP Funds Inc. acquired a new position in RealReal in the third quarter valued at about $107,000. Finally, CIBC Bancorp USA Inc. acquired a new position in RealReal in the third quarter valued at about $108,000. Institutional investors and hedge funds 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.