The RealReal, Inc. (NASDAQ:REAL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $17.9375.

A number of equities analysts recently issued reports on the stock. Robert W. Baird set a $15.00 target price on shares of RealReal in a research report on Wednesday, December 17th. KeyCorp raised their price target on shares of RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. UBS Group upped their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Roth Mkm set a $17.50 target price on RealReal and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen lowered RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st.

Insiders Place Their Bets

In other news, CEO Levesque Rati Sahi sold 97,036 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $13.06, for a total value of $1,267,290.16. Following the completion of the transaction, the chief executive officer owned 1,604,178 shares in the company, valued at approximately $20,950,564.68. This represents a 5.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Todd A. Suko sold 75,693 shares of RealReal stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $14.08, for a total transaction of $1,065,757.44. Following the sale, the insider owned 711,054 shares in the company, valued at approximately $10,011,640.32. This trade represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,809,707 shares of company stock valued at $209,065,096 in the last ninety days. 9.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REAL. Quarry LP bought a new stake in shares of RealReal in the 3rd quarter valued at approximately $28,000. Larson Financial Group LLC acquired a new stake in RealReal in the 3rd quarter valued at $31,000. State of Alaska Department of Revenue bought a new stake in RealReal in the third quarter valued at $59,000. Flagship Harbor Advisors LLC acquired a new position in RealReal during the fourth quarter worth $71,000. Finally, EHP Funds Inc. acquired a new position in RealReal during the third quarter worth $107,000. Institutional investors own 64.73% of the company’s stock.

RealReal Stock Up 6.5%

REAL opened at $11.45 on Friday. The stock’s 50 day moving average price is $15.11 and its two-hundred day moving average price is $11.97. The firm has a market capitalization of $1.34 billion, a P/E ratio of -8.30 and a beta of 2.65. RealReal has a 12-month low of $4.61 and a 12-month 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.