Wells Fargo & Company Raises RealReal (NASDAQ:REAL) Price Target to $4.00

RealReal (NASDAQ:REAL) had its price target raised by Wells Fargo & Company from $2.00 to $4.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential downside of 2.44% from the company’s current price.

REAL has been the topic of a number of other reports. Needham & Company LLC restated a “buy” rating and issued a $6.00 price target on shares of RealReal in a report on Wednesday. UBS Group lifted their price target on shares of RealReal from $2.30 to $3.70 and gave the company a “neutral” rating in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.66.

RealReal Price Performance

Shares of NASDAQ REAL traded up $0.32 during mid-day trading on Wednesday, hitting $4.10. 1,862,085 shares of the company’s stock traded hands, compared to its average volume of 3,261,070. RealReal has a 1 year low of $1.10 and a 1 year high of $4.35. The company’s 50-day moving average is $3.45 and its two-hundred day moving average is $2.48. The company has a market capitalization of $434.40 million, a P/E ratio of -2.44 and a beta of 2.94.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. The company had revenue of $143.37 million for the quarter, compared to analysts’ expectations of $142.80 million. Equities analysts anticipate that RealReal will post -0.79 EPS for the current fiscal year.

Insider Buying and Selling

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 sale, the president now directly owns 1,312,719 shares of the company’s stock, valued at approximately $4,226,955.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Levesque Rati Sahi sold 30,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $3.22, for a total transaction of $96,600.00. Following the sale, the president now directly owns 1,312,719 shares of the company’s stock, valued at $4,226,955.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karen Katz bought 6,500 shares of the stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost of $3.85 per share, for a total transaction of $25,025.00. Following the completion of the purchase, the director now owns 183,476 shares in the company, valued at $706,382.60. The disclosure for this purchase can be found here. Corporate insiders own 9.34% of the company’s stock.

Institutional Trading of RealReal

Several institutional investors have recently modified their holdings of the stock. Freedom Wealth Alliance LLC acquired a new position in shares of RealReal during the third quarter valued at approximately $29,000. Atria Wealth Solutions Inc. purchased a new stake in shares of RealReal during the third quarter worth $37,000. Game Plan Financial Advisors LLC lifted its stake in shares of RealReal by 233.3% in the first quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock worth $39,000 after buying an additional 7,000 shares in the last quarter. Crown Wealth Group LLC purchased a new stake in shares of RealReal in the first quarter valued at approximately $39,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of RealReal in the 4th quarter worth $40,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

About RealReal

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.