RealReal (NASDAQ:REAL) Stock Gets Price Target Trim from UBS Group

RealReal (NASDAQ:REAL) had its price objective lowered by UBS Group from $16.00 to $14.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Thursday, October 15th. BTIG Research reiterated a “buy” rating and set a $17.00 target price on shares of RealReal in a research report on Thursday, September 17th. Finally, Roth Capital reissued a “buy” rating and issued a $19.00 price target on shares of RealReal in a research note on Friday, October 16th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, RealReal has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

RealReal Stock Up 3.4%

Shares of RealReal stock opened at $10.84 on Thursday. RealReal has a twelve month low of $8.05 and a twelve month high of $17.39. The business has a 50-day moving average price of $9.99 and a 200 day moving average price of $10.63. The firm has a market cap of $1.32 billion, a PE ratio of -9.68 and a beta of 2.81.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts expect that RealReal will post -0.11 EPS for the current year.

Insider Activity at RealReal

In other RealReal news, insider Todd Suko sold 17,567 shares of the company’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 $192,709.99. Following the completion of the sale, the insider directly owned 587,897 shares in the company, valued at $6,449,230.09. This represents a 2.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Luke Friang sold 22,028 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $241,867.44. Following the completion of the sale, the insider owned 508,648 shares of the company’s stock, valued at approximately $5,584,955.04. The trade was a 4.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 173,004 shares of company stock valued at $1,899,283 in the last three months. Company insiders own 2.66% of the company’s stock.

Institutional Investors Weigh In On RealReal

A number of hedge funds have recently modified their holdings of the company. U S Global Investors Inc. raised its position in RealReal by 93.8% in the third quarter. U S Global Investors Inc. now owns 62,000 shares of the company’s stock valued at $548,000 after purchasing an additional 30,000 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of RealReal by 60.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,534 shares of the company’s stock valued at $67,000 after purchasing an additional 2,846 shares during the last quarter. Net Worth Advisory Group grew its holdings in shares of RealReal by 11.7% during the 3rd quarter. Net Worth Advisory Group now owns 17,345 shares of the company’s stock worth $155,000 after purchasing an additional 1,810 shares during the period. Tidal Investments LLC purchased a new position in shares of RealReal during the 2nd quarter worth $713,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of RealReal during the 2nd quarter worth $50,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Company Profile

The RealReal, Inc operates an online and physical marketplace for authenticated, pre-owned luxury goods. Through its platform, the company enables individuals and businesses to consign and purchase items across categories such as apparel, handbags, shoes, jewelry, watches, fine art, and home furnishings.

The company combines consignment services with in-house authentication, merchandising, photography, fulfillment, and customer support. Its authentication process is designed to assess the legitimacy and condition of products before they are offered for sale, helping connect sellers with buyers seeking luxury items through the resale market.

Founded in 2011 by Julie Wainwright, The RealReal serves customers primarily in the United States through its website, mobile applications, and retail locations.