Analysts Set The RealReal, Inc. (NASDAQ:REAL) Target Price at $17.25

Shares of The RealReal, Inc. (NASDAQ:REAL) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $17.25.

Several research analysts have commented on REAL shares. BTIG Research restated a “buy” rating and issued a $17.00 price objective on shares of RealReal in a report on Wednesday, June 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Roth Mkm set a $17.00 price objective on shares of RealReal in a report on Friday, May 8th. UBS Group restated a “buy” rating on shares of RealReal in a report on Wednesday, June 3rd. Finally, Robert W. Baird set a $13.00 price objective on shares of RealReal in a report on Friday, May 8th.

Insiders Place Their Bets

In other news, CEO Levesque Rati Sahi sold 81,194 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $751,044.50. Following the sale, the chief executive officer directly owned 1,581,276 shares of the company’s stock, valued at $14,626,803. This represents a 4.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gopal Ajay Madan sold 51,585 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was 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 $10,955,762.03. This represents a 4.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 218,415 shares of company stock worth $2,022,402. Company insiders own 2.66% of the company’s stock.

Institutional Trading of RealReal

Hedge funds and other institutional investors have recently modified their holdings of the business. Divisadero Street Capital Management LP grew its position in RealReal by 652.5% during the 3rd quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock valued at $27,636,000 after purchasing an additional 2,254,300 shares during the last quarter. American Century Companies Inc. grew its position in RealReal by 3,474.7% during the 3rd quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock valued at $19,537,000 after purchasing an additional 1,786,493 shares during the last quarter. Jupiter Asset Management Ltd. grew its position in RealReal by 501.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock valued at $20,846,000 after purchasing an additional 1,634,782 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in RealReal by 58.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock valued at $36,765,000 after purchasing an additional 1,489,939 shares during the last quarter. Finally, Penn Capital Management Company LLC purchased a new stake in RealReal during the 3rd quarter valued at about $12,585,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Trading Up 2.2%

Shares of NASDAQ REAL opened at $11.31 on Friday. RealReal has a 12 month low of $4.70 and a 12 month high of $17.39. The firm has a market capitalization of $1.36 billion, a PE ratio of -11.09 and a beta of 2.71. The firm has a fifty day simple moving average of $10.34 and a two-hundred day simple moving average of $12.21.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $189.72 million during the quarter, compared to the consensus estimate of $187.82 million. During the same quarter last year, the company posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, sell-side analysts predict that RealReal will post -0.15 earnings per share for the current year.

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.