Brokerages Set The RealReal, Inc. (NASDAQ:REAL) PT at $18.06

Shares of The RealReal, Inc. (NASDAQ:REAL) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.0625.

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

Insider Activity at RealReal

In other RealReal news, CFO Gopal Ajay Madan sold 51,585 shares of the business’s 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 completion of the sale, the chief financial officer directly owned 1,179,307 shares in the company, valued at approximately $10,955,762.03. The trade was a 4.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Levesque Rati Sahi sold 121,399 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $1,301,397.28. Following the completion of the transaction, the chief executive officer owned 1,482,779 shares in the company, valued at $15,895,390.88. This trade represents a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 286,883 shares of company stock valued at $3,001,619 over the last three months. Corporate insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On RealReal

Institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new stake in shares of RealReal in the 3rd quarter worth $2,177,000. BIT Capital GmbH acquired a new position in RealReal in the 3rd quarter worth approximately $10,912,000. Jupiter Asset Management Ltd. increased its stake in shares of RealReal by 501.0% in the third quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock worth $20,846,000 after acquiring an additional 1,634,782 shares during the period. Penn Capital Management Company LLC acquired a new stake in RealReal during the 3rd quarter worth about $12,585,000. Finally, Allspring Global Investments Holdings LLC raised its position in RealReal by 189.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 920,365 shares of the company’s stock valued at $9,793,000 after acquiring an additional 602,670 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Stock Performance

REAL stock opened at $9.12 on Friday. The stock’s 50 day simple moving average is $11.45 and its 200 day simple moving average is $12.68. The company has a market cap of $1.09 billion, a P/E ratio of -8.37 and a beta of 2.81. RealReal has a fifty-two week low of $4.61 and a fifty-two week 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.