RealReal (NASDAQ:REAL) Trading Down 3.9% – Time to Sell?

The RealReal, Inc. (NASDAQ:REAL)’s share price traded down 3.9% during trading on Friday . The stock traded as low as $11.19 and last traded at $11.20. Approximately 1,342,727 shares were traded during mid-day trading, a decline of 60% from the average session volume of 3,339,432 shares. The stock had previously closed at $11.65.

Analysts Set New Price Targets

REAL has been the topic of several research reports. UBS Group increased their price target on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Robert W. Baird set a $13.00 target price on RealReal in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th. BTIG Research reaffirmed a “buy” rating and set a $17.00 target price on shares of RealReal in a report on Wednesday, June 3rd. Finally, Roth Capital reiterated a “buy” rating and set a $19.00 price objective on shares of RealReal in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.75.

RealReal Stock Down 7.2%

The company has a market cap of $1.32 billion, a PE ratio of -9.65 and a beta of 2.69. The business has a 50-day simple moving average of $11.64 and a 200-day simple moving average of $10.96.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts predict that The RealReal, Inc. will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On RealReal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank increased its position in shares of RealReal by 0.3% during the third quarter. Comerica Bank now owns 351,156 shares of the company’s stock worth $3,733,000 after purchasing an additional 1,156 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of RealReal by 40.7% in the 4th quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock valued at $65,000 after purchasing an additional 1,185 shares during the period. Evoke Wealth LLC grew its stake in RealReal by 2.9% during the 4th quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock worth $692,000 after buying an additional 1,240 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in RealReal by 25.1% during the first quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock worth $57,000 after buying an additional 1,253 shares during the period. Finally, DRW Securities LLC increased its position in RealReal by 10.3% during the fourth quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock worth $280,000 after buying an additional 1,650 shares during the period. Hedge funds and other institutional investors own 64.73% of the company’s stock.

About RealReal

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.