The RealReal, Inc. (NASDAQ:REAL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.0625.

Several analysts recently weighed in on REAL shares. KeyCorp boosted their price objective on RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. UBS Group increased their target price on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Robert W. Baird lifted their target price on RealReal from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Wells Fargo & Company boosted their price target on RealReal from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, B. Riley Financial upped their price target on RealReal from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, December 12th.

Insider Activity at RealReal

In other RealReal news, CFO Gopal Ajay Madan sold 51,585 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $9.29, for a total transaction of $479,224.65. Following the sale, the chief financial officer directly owned 1,179,307 shares of the company’s stock, valued at approximately $10,955,762.03. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Luke Thomas Friang sold 19,609 shares of RealReal stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $210,208.48. Following the completion of the transaction, the insider directly owned 479,656 shares of the company’s stock, valued at $5,141,912.32. This trade represents a 3.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 286,883 shares of company stock valued at $3,001,619 in the last ninety days. 9.00% of the stock is owned by insiders.

Hedge Funds Weigh In On RealReal

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank raised its position in shares of RealReal by 0.3% during the 3rd quarter. Comerica Bank now owns 351,156 shares of the company’s stock worth $3,733,000 after purchasing an additional 1,156 shares during the period. Larson Financial Group LLC lifted its holdings 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 worth $65,000 after purchasing an additional 1,185 shares during the last quarter. Evoke Wealth LLC boosted its position in RealReal by 2.9% during the 4th quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock valued at $692,000 after purchasing an additional 1,240 shares during the period. DRW Securities LLC grew its stake in RealReal by 10.3% during the 4th 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 last quarter. Finally, Royal Bank of Canada grew its stake in RealReal by 4.0% during the 4th quarter. Royal Bank of Canada now owns 44,367 shares of the company’s stock worth $700,000 after buying an additional 1,694 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Stock Performance

REAL opened at $9.12 on Friday. The company has a market capitalization of $1.09 billion, a P/E ratio of -8.37 and a beta of 2.81. The company has a 50-day moving average of $11.33 and a 200-day moving average of $12.69. RealReal has a 1-year low of $4.61 and a 1-year high of $17.39.

RealReal Company Profile

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.