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

The RealReal, Inc. (NASDAQ:REAL) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $17.25.

REAL has been the subject of a number of recent analyst reports. Roth Mkm set a $17.00 price target on shares of RealReal in a research report on Friday, May 8th. BTIG Research dropped their price target on shares of RealReal from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Robert W. Baird set a $13.00 price target on shares of RealReal in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st.

Insiders Place Their Bets

In related news, CEO Levesque Rati Sahi sold 121,399 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were 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 approximately $15,895,390.88. This represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Steve Ming Lo sold 16,962 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $181,832.64. Following the transaction, the chief accounting officer owned 170,236 shares of the company’s stock, valued at approximately $1,824,929.92. This represents a 9.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 453,713 shares of company stock valued at $4,544,797. Insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On RealReal

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank boosted its position in shares of RealReal by 0.3% during the third quarter. Comerica Bank now owns 351,156 shares of the company’s stock worth $3,733,000 after acquiring an additional 1,156 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of RealReal by 40.7% during the fourth quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock worth $65,000 after acquiring an additional 1,185 shares during the last quarter. Evoke Wealth LLC boosted its position in shares of RealReal by 2.9% during the fourth quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock worth $692,000 after acquiring an additional 1,240 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of RealReal by 25.1% during the first quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock worth $57,000 after acquiring an additional 1,253 shares during the last quarter. Finally, DRW Securities LLC boosted its position in shares of RealReal by 10.3% during the fourth quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock worth $280,000 after acquiring an additional 1,650 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

RealReal Price Performance

REAL opened at $9.20 on Monday. The firm has a market cap of $1.11 billion, a P/E ratio of -9.02 and a beta of 2.84. RealReal has a 1-year low of $4.70 and a 1-year high of $17.39. The company has a 50 day simple moving average of $10.17 and a two-hundred day simple moving average of $12.62.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $189.72 million during the quarter, compared to the consensus estimate of $187.82 million. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) earnings per share. Equities analysts anticipate that RealReal will post -0.19 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.