The RealReal, Inc. (NASDAQ:REAL) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of The RealReal, Inc. (NASDAQ:REAL) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $17.75.

REAL has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. BTIG Research restated a “buy” rating and set a $17.00 price target on shares of RealReal in a report on Thursday, September 17th. Finally, Roth Capital restated a “buy” rating and issued a $19.00 price target on shares of RealReal in a research report on Friday, August 7th.

Insider Activity

In other news, CAO Steve Lo sold 12,559 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.97, for a total value of $137,772.23. Following the completion of the sale, the chief accounting officer owned 176,910 shares of the company’s stock, valued at $1,940,702.70. This trade represents a 6.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Levesque Sahi sold 84,432 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $927,063.36. Following the completion of the sale, the chief executive officer directly owned 1,496,844 shares of the company’s stock, valued at approximately $16,435,347.12. This trade represents a 5.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 173,004 shares of company stock worth $1,899,283. 2.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. KBC Group NV acquired a new stake in RealReal during the 1st quarter worth about $26,000. Gables Capital Management Inc. acquired a new position in shares of RealReal in the 1st quarter valued at about $35,000. Persistent Asset Partners Ltd purchased a new stake in shares of RealReal in the second quarter worth approximately $46,000. Integrated Wealth Concepts LLC purchased a new stake in shares of RealReal in the second quarter worth approximately $50,000. Finally, Allworth Financial LP acquired a new stake in shares of RealReal during the second quarter worth approximately $53,000. 64.73% of the stock is owned by institutional investors and hedge funds.

RealReal Stock Down 2.8%

Shares of RealReal stock opened at $8.89 on Friday. The stock’s fifty day moving average is $10.88 and its 200-day moving average is $10.60. The firm has a market capitalization of $1.08 billion, a PE ratio of -7.94 and a beta of 2.71. RealReal has a 12-month low of $8.05 and a 12-month high of $17.39.

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $192.57 million for the quarter, compared to analysts’ expectations of $188.11 million. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Analysts expect that RealReal will post -0.13 EPS for the current year.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online and brick-and-mortar marketplace for authenticated, pre-owned luxury goods. The company connects individuals and businesses seeking to sell luxury items with consumers looking to purchase them, handling consignment, authentication, merchandising, and fulfillment.

Its marketplace offers products across categories including women’s and men’s fashion, handbags, shoes, jewelry, watches, fine art, and home goods. The RealReal sells through its website and mobile applications, as well as through physical retail locations and other selling channels.