UBS Group Has Lowered Expectations for RealReal (NASDAQ:REAL) Stock Price

RealReal (NASDAQ:REAL) had its price target reduced by UBS Group from $10.00 to $9.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on REAL. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Securities boosted their price target on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, RealReal currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.33.

RealReal Price Performance

REAL opened at $6.82 on Wednesday. The business’s 50-day moving average is $8.84 and its two-hundred day moving average is $5.71. RealReal has a 1 year low of $1.72 and a 1 year high of $11.38. The firm has a market capitalization of $758.70 million, a PE ratio of -5.29 and a beta of 2.83.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The business had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. As a group, sell-side analysts expect that RealReal will post -0.4 EPS for the current year.

Insider Transactions at RealReal

In related news, CEO John E. Koryl sold 396,478 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Gopal Ajay Madan sold 102,386 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the completion of the sale, the chief financial officer now owns 1,327,198 shares in the company, valued at approximately $9,157,666.20. This represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 751,427 shares of company stock worth $6,181,969. Insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

A number of large investors have recently bought and sold shares of the company. AWM Investment Company Inc. boosted its position in RealReal by 40.3% in the fourth quarter. AWM Investment Company Inc. now owns 1,373,847 shares of the company’s stock valued at $15,016,000 after buying an additional 394,748 shares during the last quarter. PharVision Advisers LLC purchased a new stake in RealReal in the fourth quarter valued at approximately $133,000. Voloridge Investment Management LLC purchased a new stake in RealReal in the fourth quarter valued at approximately $17,138,000. Two Sigma Advisers LP lifted its holdings in RealReal by 8.7% in the fourth quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company’s stock valued at $24,867,000 after acquiring an additional 181,300 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in RealReal by 26.3% in the fourth quarter. Two Sigma Investments LP now owns 2,189,454 shares of the company’s stock valued at $23,931,000 after acquiring an additional 456,425 shares during the period. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Company Profile

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.