The RealReal, Inc. (NASDAQ:REAL) Receives $3.61 Consensus Price Target from Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $3.76.

REAL has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $6.00 target price on shares of RealReal in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of RealReal from $2.00 to $4.00 and gave the company an “equal weight” rating in a research report on Wednesday. Wedbush lifted their target price on RealReal from $3.00 to $4.50 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, UBS Group increased their price target on RealReal from $2.30 to $3.70 and gave the company a “neutral” rating in a report on Friday, April 12th.

Insider Buying and Selling at RealReal

In other news, Director Karen Katz purchased 6,500 shares of the stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of $3.85 per share, for a total transaction of $25,025.00. Following the acquisition, the director now owns 183,476 shares of the company’s stock, valued at $706,382.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other RealReal news, Director Karen Katz purchased 6,500 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of $3.85 per share, with a total value of $25,025.00. Following the acquisition, the director now owns 183,476 shares of the company’s stock, valued at approximately $706,382.60. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James R. Miller sold 21,060 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $3.91, for a total transaction of $82,344.60. Following the sale, the director now directly owns 160,492 shares of the company’s stock, valued at approximately $627,523.72. The disclosure for this sale can be found here. 9.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RealReal

Several institutional investors have recently modified their holdings of REAL. Findell Capital Management LLC bought a new stake in shares of RealReal in the 4th quarter worth approximately $13,681,000. Fuller & Thaler Asset Management Inc. bought a new position in RealReal in the 3rd quarter worth approximately $1,930,000. EAM Investors LLC bought a new position in RealReal in the third quarter worth $1,043,000. Anthracite Investment Company Inc. acquired a new position in shares of RealReal in the 4th quarter valued at $925,000. Finally, GSA Capital Partners LLP bought a new position in shares of RealReal during the 1st quarter worth about $1,430,000. Institutional investors own 64.73% of the company’s stock.

RealReal Trading Up 3.4 %

Shares of REAL stock opened at $4.22 on Tuesday. The company has a market cap of $447.10 million, a PE ratio of -3.70 and a beta of 2.94. The company’s fifty day simple moving average is $3.50 and its 200-day simple moving average is $2.49. RealReal has a 52 week low of $1.10 and a 52 week high of $4.40.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, February 29th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.04. The company had revenue of $143.37 million during the quarter, compared to analysts’ expectations of $142.80 million. Equities research analysts expect that RealReal will post -0.79 EPS for the current fiscal year.

About RealReal

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.