Wedbush Boosts RealReal (NASDAQ:REAL) Price Target to $4.50

RealReal (NASDAQ:REAL) had its target price boosted by Wedbush from $3.00 to $4.50 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

REAL has been the topic of several other reports. Wells Fargo & Company upped their price target on shares of RealReal from $2.00 to $4.00 and gave the company an equal weight rating in a research note on Wednesday. UBS Group upped 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. Finally, Needham & Company LLC restated a buy rating and issued a $6.00 price target on shares of RealReal in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, RealReal has a consensus rating of Hold and an average price target of $3.76.

RealReal Price Performance

NASDAQ REAL traded up $0.22 on Wednesday, hitting $4.30. 487,171 shares of the stock were exchanged, compared to its average volume of 3,250,993. The business’s fifty day moving average is $3.45 and its 200 day moving average is $2.48. RealReal has a 52 week low of $1.10 and a 52 week high of $4.35. The company has a market capitalization of $455.59 million, a PE ratio of -2.44 and a beta of 2.94.

RealReal (NASDAQ:REAL) last released 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 company had revenue of $143.37 million during the quarter, compared to analyst estimates of $142.80 million. Analysts predict that RealReal will post -0.79 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Game Plan Financial Advisors LLC grew its holdings in RealReal by 233.3% during the 1st quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock valued at $39,000 after buying an additional 7,000 shares in the last quarter. Crown Wealth Group LLC purchased a new position in RealReal during the 1st quarter valued at about $39,000. Strata Wealth Advisors LLC purchased a new position in RealReal during the 1st quarter valued at about $43,000. Platform Technology Partners grew its holdings in RealReal by 35.0% during the 3rd quarter. Platform Technology Partners now owns 50,000 shares of the company’s stock valued at $106,000 after buying an additional 12,950 shares in the last quarter. Finally, Freedom Wealth Alliance LLC purchased a new position in RealReal during the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors 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.