The RealReal, Inc. (NASDAQ:REAL) Receives Consensus Rating of “Hold” from Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $3.99.

A number of equities research analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $6.00 price target on shares of RealReal in a report on Wednesday, May 8th. Wedbush raised their price target on RealReal from $3.00 to $4.50 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Wells Fargo & Company lifted their price target on RealReal from $2.00 to $4.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. Finally, UBS Group increased their price objective on shares of RealReal from $2.30 to $3.70 and gave the company a “neutral” rating in a research note on Friday, April 12th.

RealReal Stock Down 0.9 %

Shares of NASDAQ:REAL opened at $3.21 on Friday. RealReal has a 52 week low of $1.26 and a 52 week high of $4.64. The company has a 50-day moving average price of $3.58 and a 200 day moving average price of $3.12. The company has a market cap of $340.16 million, a P/E ratio of -2.82 and a beta of 2.90.

RealReal (NASDAQ:REAL) last issued its earnings results on Tuesday, May 7th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.04. The company had revenue of $143.80 million for the quarter, compared to analysts’ expectations of $138.90 million. Analysts expect that RealReal will post -0.8 EPS for the current year.

Insider Activity at RealReal

In other RealReal news, Director Robert J. Krolik sold 29,737 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $3.67, for a total transaction of $109,134.79. Following the sale, the director now directly owns 139,407 shares of the company’s stock, valued at approximately $511,623.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other RealReal news, CAO Steve Ming Lo sold 20,330 shares of RealReal stock in a transaction on Monday, May 20th. The shares were sold at an average price of $4.25, for a total value of $86,402.50. Following the transaction, the chief accounting officer now owns 529,138 shares in the company, valued at approximately $2,248,836.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Krolik sold 29,737 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $3.67, for a total value of $109,134.79. Following the sale, the director now directly owns 139,407 shares of the company’s stock, valued at approximately $511,623.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 183,606 shares of company stock valued at $759,706. 9.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Game Plan Financial Advisors LLC grew its stake in RealReal by 233.3% during the first quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock worth $39,000 after buying an additional 7,000 shares during the period. Crown Wealth Group LLC acquired a new position in shares of RealReal during the 1st quarter valued at $39,000. Searle & CO. purchased a new stake in RealReal during the 1st quarter worth $39,000. Calamos Advisors LLC acquired a new stake in RealReal in the 2nd quarter valued at $34,000. Finally, Strata Wealth Advisors LLC purchased a new position in RealReal in the first quarter valued at about $43,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

About RealReal

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.