Brokerages Set The RealReal, Inc. (NASDAQ:REAL) Price Target at $8.33

The RealReal, Inc. (NASDAQ:REAL) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $8.33.

A number of equities analysts recently commented on the company. UBS Group reduced their price objective on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, Northland Securities boosted their price target on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th.

Insider Activity

In other news, CEO John E. Koryl sold 396,478 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Gopal Ajay Madan sold 102,386 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $706,463.40. Following the transaction, the chief financial officer now directly owns 1,327,198 shares of the company’s stock, valued at $9,157,666.20. The trade was a 7.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 654,761 shares of company stock valued at $5,592,306 in the last quarter. Insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp boosted its holdings in RealReal by 22.3% during the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after acquiring an additional 310,116 shares during the period. Barclays PLC lifted its position in shares of RealReal by 306.7% during the third quarter. Barclays PLC now owns 136,262 shares of the company’s stock worth $428,000 after purchasing an additional 102,759 shares in the last quarter. Woodson Capital Management LP lifted its position in shares of RealReal by 2.9% during the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after purchasing an additional 150,000 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of RealReal by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company’s stock valued at $2,319,000 after purchasing an additional 97,700 shares during the period. Finally, Aigen Investment Management LP grew its holdings in shares of RealReal by 513.5% in the fourth quarter. Aigen Investment Management LP now owns 93,550 shares of the company’s stock valued at $1,023,000 after purchasing an additional 78,301 shares in the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Stock Down 3.3 %

Shares of NASDAQ REAL opened at $5.62 on Friday. The firm has a 50-day simple moving average of $7.34 and a 200-day simple moving average of $6.21. The stock has a market capitalization of $625.21 million, a price-to-earnings ratio of -4.36 and a beta of 3.00. RealReal has a 52 week low of $2.24 and a 52 week high of $11.38.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The business had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. As a group, equities research analysts expect that RealReal will post -0.4 EPS for the current 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.