RealReal (NASDAQ:REAL) Given Buy Rating at Roth Capital

RealReal (NASDAQ:REAL)‘s stock had its “buy” rating restated by stock analysts at Roth Capital in a research note issued to investors on Friday, Benzinga reports. They currently have a $19.00 price objective on the stock. Roth Capital‘s target price points to a potential upside of 72.49% from the stock’s current price.

A number of other research analysts have also recently issued reports on REAL. UBS Group lifted their price objective on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research note on Thursday, October 15th. Finally, BTIG Research reiterated a “buy” rating and set a $17.00 price objective on shares of RealReal in a research note on Thursday, September 17th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, RealReal has a consensus rating of “Moderate Buy” and an average target price of $17.75.

RealReal Trading Up 0.5%

NASDAQ:REAL traded up $0.06 during trading hours on Friday, reaching $11.02. 491,890 shares of the company traded hands, compared to its average volume of 3,224,826. The business’s 50-day moving average price is $10.02 and its two-hundred day moving average price is $10.61. The stock has a market capitalization of $1.34 billion, a P/E ratio of -9.82 and a beta of 2.81. RealReal has a 1 year low of $8.05 and a 1 year high of $17.39.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $192.57 million for the quarter, compared to analysts’ expectations of $188.11 million. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities analysts anticipate that RealReal will post -0.11 EPS for the current year.

Insider Transactions at RealReal

In other news, insider Todd A. Suko sold 17,567 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.97, for a total value of $192,709.99. Following the completion of the transaction, the insider owned 587,897 shares in the company, valued at $6,449,230.09. The trade was a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Levesque Sahi sold 84,432 shares of the business’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 $927,063.36. Following the completion of the transaction, the chief executive officer owned 1,496,844 shares of the company’s stock, valued at $16,435,347.12. This represents a 5.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 173,004 shares of company stock valued at $1,899,283. Insiders own 2.66% of the company’s stock.

Institutional Trading of RealReal

Large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of RealReal during the 2nd quarter worth approximately $134,510,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of RealReal by 58.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock valued at $36,765,000 after purchasing an additional 1,489,939 shares in the last quarter. AWM Investment Company Inc. purchased a new position in shares of RealReal in the second quarter valued at $21,265,000. Renaissance Technologies LLC increased its position in RealReal by 117.9% in the first quarter. Renaissance Technologies LLC now owns 1,646,200 shares of the company’s stock worth $14,947,000 after purchasing an additional 890,700 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in RealReal in the second quarter worth $12,655,000. Institutional investors own 64.73% of the company’s stock.

RealReal Company Profile

The RealReal, Inc operates an online and physical marketplace for authenticated, pre-owned luxury goods. Through its platform, the company enables individuals and businesses to consign and purchase items across categories such as apparel, handbags, shoes, jewelry, watches, fine art, and home furnishings.

The company combines consignment services with in-house authentication, merchandising, photography, fulfillment, and customer support. Its authentication process is designed to assess the legitimacy and condition of products before they are offered for sale, helping connect sellers with buyers seeking luxury items through the resale market.

Founded in 2011 by Julie Wainwright, The RealReal serves customers primarily in the United States through its website, mobile applications, and retail locations.