RealReal’s (REAL) “Buy” Rating Reaffirmed at Needham & Company LLC

RealReal (NASDAQ:REAL)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $6.00 target price on the stock. Needham & Company LLC’s target price would indicate a potential upside of 58.73% from the stock’s previous close.

Separately, UBS Group upped their price objective on RealReal from $2.30 to $3.70 and gave the company a “neutral” rating in a research note on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $3.61.

RealReal Trading Down 10.2 %

RealReal stock opened at $3.78 on Wednesday. RealReal has a 12 month low of $1.10 and a 12 month high of $4.35. The business’s 50 day simple moving average is $3.45 and its 200 day simple moving average is $2.48. The company has a market cap of $400.49 million, a price-to-earnings ratio of -2.26 and a beta of 2.94.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.04. The firm had revenue of $143.37 million during the quarter, compared to analysts’ expectations of $142.80 million. As a group, equities research analysts forecast that RealReal will post -0.79 earnings per share for the current fiscal year.

Insider Buying and Selling at RealReal

In other RealReal news, Director James R. Miller sold 21,060 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $3.91, for a total transaction of $82,344.60. Following the sale, the director now owns 160,492 shares of the company’s stock, valued at approximately $627,523.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Levesque Rati Sahi sold 30,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $3.22, for a total value of $96,600.00. Following the transaction, the president now owns 1,312,719 shares of the company’s stock, valued at $4,226,955.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James R. Miller sold 21,060 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $3.91, for a total transaction of $82,344.60. Following the completion of the transaction, the director now directly owns 160,492 shares in the company, valued at approximately $627,523.72. The disclosure for this sale can be found here. Insiders own 9.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. EAM Investors LLC purchased a new position in RealReal in the third quarter worth $1,043,000. Raymond James & Associates purchased a new position in RealReal in the fourth quarter worth $64,000. RIA Advisory Group LLC grew its position in RealReal by 96.0% in the fourth quarter. RIA Advisory Group LLC now owns 79,222 shares of the company’s stock worth $159,000 after acquiring an additional 38,811 shares in the last quarter. Barclays PLC purchased a new position in RealReal in the third quarter worth $262,000. Finally, Algert Global LLC purchased a new position in RealReal in the third quarter worth $125,000. Institutional investors own 64.73% of the company’s stock.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.