The RealReal, Inc. (NASDAQ:REAL) Stock Has Average Target Price of $17.75

Shares of The RealReal, Inc. (NASDAQ:REAL) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.75.

Several research analysts have commented on REAL shares. BTIG Research reiterated a “buy” rating and set a $17.00 price target on shares of RealReal in a report on Thursday, September 17th. UBS Group increased their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Roth Capital restated a “buy” rating and issued a $19.00 price objective on shares of RealReal in a report on Friday, August 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Friday, July 17th.

RealReal Stock Performance

REAL stock opened at $9.10 on Thursday. The company’s 50 day moving average price is $10.15 and its 200 day moving average price is $10.56. RealReal has a fifty-two week low of $8.05 and a fifty-two week high of $17.39. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -8.12 and a beta of 2.81.

RealReal (NASDAQ:REAL) last issued 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 revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts forecast that RealReal will post -0.12 EPS for the current fiscal year.

Insider Activity

In other RealReal news, CFO Gopal Madan sold 36,418 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $399,869.64. Following the sale, the chief financial officer directly owned 1,108,860 shares in the company, valued at $12,175,282.80. This trade represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Steve Lo sold 12,559 shares of RealReal stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.97, for a total value of $137,772.23. Following the sale, the chief accounting officer directly owned 176,910 shares of the company’s stock, valued at $1,940,702.70. This trade represents a 6.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 173,004 shares of company stock valued at $1,899,283. Insiders own 2.66% of the company’s stock.

Hedge Funds Weigh In On RealReal

Several hedge funds have recently added to or reduced their stakes in REAL. KBC Group NV acquired a new stake in RealReal during the first quarter worth approximately $26,000. Gables Capital Management Inc. acquired a new position in shares of RealReal in the 1st quarter valued at $35,000. Persistent Asset Partners Ltd acquired a new position in shares of RealReal in the 2nd quarter valued at $46,000. Integrated Wealth Concepts LLC acquired a new position in shares of RealReal in the 2nd quarter valued at $50,000. Finally, Allworth Financial LP acquired a new position in shares of RealReal in the 2nd quarter valued at $53,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Company Profile

The RealReal, Inc operates an online and physical marketplace for authenticated, pre-owned luxury goods. The company enables individuals to consign and purchase luxury apparel, handbags, shoes, jewelry, watches, fine art and home décor from leading luxury brands.

The RealReal provides sellers with services that include item evaluation, authentication, pricing, merchandising, photography, listing, shipping and customer support. Buyers can shop through the company’s website, mobile application and select retail locations, with products authenticated before being offered for sale.

Founded in 2011 by Julie Wainwright, The RealReal primarily serves customers in the United States.