RealReal’s (REAL) Buy Rating Reaffirmed at BTIG Research

RealReal (NASDAQ:REAL)‘s stock had its “buy” rating reaffirmed by stock analysts at BTIG Research in a research report issued on Wednesday, Marketbeat.com reports. They currently have a $17.00 price target on the stock. BTIG Research’s price objective suggests a potential upside of 73.65% from the company’s previous close.

A number of other equities research analysts also recently weighed in on REAL. Roth Mkm set a $17.00 price target on shares of RealReal in a research report on Friday, May 8th. Robert W. Baird set a $13.00 price objective on RealReal in a research note on Friday, May 8th. Wall Street Zen cut RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. UBS Group cut their target price on RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

RealReal Price Performance

Shares of NASDAQ REAL opened at $9.79 on Wednesday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -9.60 and a beta of 2.71. The stock’s fifty day moving average price is $10.16 and its two-hundred day moving average price is $12.53. RealReal has a one year low of $4.70 and a one year high of $17.39.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $189.72 million for the quarter, compared to analyst estimates of $187.82 million. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. On average, equities analysts anticipate that RealReal will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at RealReal

In related news, insider Luke Thomas Friang sold 21,183 shares of RealReal stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $195,942.75. Following the transaction, the insider directly owned 530,676 shares of the company’s stock, valued at $4,908,753. This trade represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Steve Ming Lo sold 12,077 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $111,712.25. Following the sale, the chief accounting officer owned 189,469 shares of the company’s stock, valued at $1,752,588.25. The trade was a 5.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 218,415 shares of company stock worth $2,022,402 in the last three months. Company insiders own 2.66% of the company’s stock.

Institutional Trading of RealReal

Institutional investors and hedge funds have recently modified their holdings of the business. KBC Group NV bought a new position in RealReal in the first quarter valued at about $26,000. Quarry LP bought a new position in shares of RealReal in the third quarter worth about $28,000. Larson Financial Group LLC bought a new position in shares of RealReal in the third quarter worth about $31,000. Gables Capital Management Inc. acquired a new stake in shares of RealReal in the 1st quarter valued at approximately $35,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of RealReal by 25.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after purchasing an additional 1,253 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors.

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.