The RealReal, Inc. (NASDAQ:REAL) Receives $3.38 Average PT from Brokerages

The RealReal, Inc. (NASDAQ:REAL – Get Rating) has been given a consensus rating of “Hold” by the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $3.38.

REAL has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $6.00 price target on shares of RealReal in a research report on Wednesday, March 1st. Piper Sandler reduced their price target on shares of RealReal from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 1st. Credit Suisse Group reduced their price target on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, March 2nd. Finally, Robert W. Baird reduced their price target on shares of RealReal from $3.75 to $2.75 and set an “outperform” rating on the stock in a research report on Wednesday, March 1st.

RealReal Trading Up 6.5 %

REAL stock opened at $1.48 on Friday. The company’s 50 day moving average is $1.20 and its 200 day moving average is $1.38. The stock has a market cap of $148.25 million, a price-to-earnings ratio of -0.65 and a beta of 2.38. RealReal has a 1-year low of $1.00 and a 1-year high of $3.75.

RealReal (NASDAQ:REAL – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.11. The company had revenue of $159.66 million during the quarter, compared to the consensus estimate of $155.35 million. As a group, sell-side analysts forecast that RealReal will post -1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On RealReal

A number of hedge funds have recently bought and sold shares of REAL. Vanguard Group Inc. raised its position in RealReal by 3.0% in the first quarter. Vanguard Group Inc. now owns 7,442,925 shares of the company’s stock valued at $54,035,000 after purchasing an additional 217,186 shares during the period. Marshall Wace LLP lifted its position in RealReal by 24.2% during the 4th quarter. Marshall Wace LLP now owns 4,192,348 shares of the company’s stock worth $5,240,000 after acquiring an additional 815,955 shares during the period. State Street Corp lifted its position in RealReal by 59.9% during the 3rd quarter. State Street Corp now owns 3,297,001 shares of the company’s stock worth $4,946,000 after acquiring an additional 1,235,638 shares during the period. Millennium Management LLC raised its stake in shares of RealReal by 47.2% during the 4th quarter. Millennium Management LLC now owns 2,901,658 shares of the company’s stock worth $3,627,000 after buying an additional 930,174 shares in the last quarter. Finally, Builders Union LLP purchased a new position in shares of RealReal during the 3rd quarter worth approximately $4,164,000. Hedge funds and other institutional investors own 65.44% of the company’s stock.

About RealReal

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The RealReal, Inc operates an online marketplace for consigned luxury goods. It engages in the consignment of luxury goods across multiple categories, including women’s, men’s, kids, jewelry, watches, home and art. It sells pieces from designers such as Chanel, Christian Louboutin, Gucci, Hermes, Louis Vuitton, Prada, Celine, Jimmy Choo, Burberry, and Valentino.