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 research note released on Saturday.

Several other research analysts have also recently weighed in on REAL. B. Riley increased their price target on shares of RealReal from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, December 12th. Northland Securities set a $20.00 target price on RealReal in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research note on Thursday, January 22nd. Robert W. Baird set a $15.00 price target on RealReal in a report on Wednesday, December 17th. Finally, William Blair initiated coverage on RealReal in a report on Monday, December 15th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.94.

RealReal Price Performance

Shares of RealReal stock opened at $14.71 on Friday. The business has a fifty day simple moving average of $15.42 and a two-hundred day simple moving average of $11.64. RealReal has a 1 year low of $4.61 and a 1 year high of $17.39. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -10.66 and a beta of 2.65.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The business had revenue of $173.57 million for the quarter, compared to analysts’ expectations of $169.01 million. As a group, equities analysts anticipate that RealReal will post -0.4 earnings per share for the current fiscal year.

Insider Activity

In other RealReal news, insider Todd A. Suko sold 75,693 shares of RealReal stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $14.08, for a total value of $1,065,757.44. Following the completion of the transaction, the insider directly owned 711,054 shares of the company’s stock, valued at $10,011,640.32. The trade was a 9.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Steve Ming Lo sold 59,789 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $14.46, for a total value of $864,548.94. Following the sale, the chief accounting officer owned 249,553 shares of the company’s stock, valued at approximately $3,608,536.38. The trade was a 19.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 15,823,249 shares of company stock worth $209,258,341. 9.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RealReal

Several hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of RealReal during the 3rd quarter worth approximately $28,000. Larson Financial Group LLC acquired a new position in RealReal during the third quarter valued at approximately $31,000. State of Alaska Department of Revenue bought a new stake in RealReal during the third quarter worth $59,000. Farther Finance Advisors LLC acquired a new stake in shares of RealReal in the 2nd quarter valued at $60,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of RealReal in the 4th quarter valued at $71,000. 64.73% of the stock is owned by institutional investors.

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.