RealReal (NASDAQ:REAL) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of RealReal (NASDAQ:REAL) from a buy rating to a hold rating in a research report released on Saturday morning.

A number of other brokerages have also recently issued reports on REAL. UBS Group increased their target price on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday. BTIG Research boosted their target price on RealReal from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, December 30th. William Blair began coverage on RealReal in a research report on Monday, December 15th. They set an “outperform” rating on the stock. Roth Capital set a $17.50 price target on RealReal and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Wells Fargo & Company boosted their price objective on RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, RealReal has a consensus rating of “Moderate Buy” and an average price target of $17.07.

RealReal Trading Up 0.7%

Shares of REAL opened at $16.45 on Friday. The stock has a market cap of $1.92 billion, a PE ratio of -11.92 and a beta of 2.60. RealReal has a 1 year low of $4.61 and a 1 year high of $16.74. The stock has a 50 day simple moving average of $14.44 and a 200-day simple moving average of $10.38.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The company had revenue of $173.57 million during the quarter, compared to analyst estimates of $169.01 million. On average, sell-side analysts forecast that RealReal will post -0.4 EPS for the current fiscal year.

Insider Transactions at RealReal

In other news, CEO Levesque Rati Sahi sold 97,036 shares of RealReal stock in a transaction on Friday, November 21st. The stock was sold at an average price of $13.06, for a total value of $1,267,290.16. Following the completion of the sale, the chief executive officer directly owned 1,604,178 shares of the company’s stock, valued at approximately $20,950,564.68. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd A. Suko sold 75,693 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $14.08, for a total value of $1,065,757.44. Following the sale, the insider owned 711,054 shares of the company’s stock, valued at approximately $10,011,640.32. The trade was a 9.62% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 15,823,249 shares of company stock worth $209,258,341. Corporate insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On RealReal

Institutional investors and hedge funds have recently modified their holdings of the business. Diversified Trust Co. raised its position in shares of RealReal by 13.5% during the 4th quarter. Diversified Trust Co. now owns 32,509 shares of the company’s stock valued at $513,000 after acquiring an additional 3,874 shares during the last quarter. Park Avenue Securities LLC increased its holdings in RealReal by 8.1% in the fourth quarter. Park Avenue Securities LLC now owns 45,282 shares of the company’s stock valued at $715,000 after purchasing an additional 3,400 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in RealReal by 25.8% in the third quarter. Tudor Investment Corp ET AL now owns 689,998 shares of the company’s stock valued at $7,335,000 after buying an additional 141,699 shares during the period. Penn Capital Management Company LLC acquired a new position in RealReal in the third quarter valued at about $12,585,000. Finally, CIBC Bancorp USA Inc. bought a new position in RealReal during the third quarter worth about $108,000. 64.73% of the stock is 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.