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 six analysts that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $3.61.

REAL has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 price target on shares of RealReal in a research note on Friday, March 1st. Robert W. Baird reaffirmed a “neutral” rating and issued a $2.75 price target (down from $3.25) on shares of RealReal in a research note on Thursday, January 4th. Finally, UBS Group lifted their price target on RealReal from $2.30 to $3.70 and gave the stock a “neutral” rating in a research note on Friday, April 12th.

Insider Transactions at RealReal

In other RealReal news, Director Karen Katz acquired 6,500 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost of $3.85 per share, for a total transaction of $25,025.00. Following the transaction, the director now owns 183,476 shares in the company, valued at $706,382.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other RealReal news, Director Karen Katz acquired 6,500 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost of $3.85 per share, for a total transaction of $25,025.00. Following the transaction, the director now owns 183,476 shares in the company, valued at $706,382.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Levesque Rati Sahi sold 30,000 shares of RealReal stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $3.22, for a total value of $96,600.00. Following the completion of the sale, the president now owns 1,312,719 shares in the company, valued at $4,226,955.18. The disclosure for this sale can be found here. Corporate insiders own 9.34% of the company’s stock.

Institutional Investors Weigh In On RealReal

Hedge funds have recently made changes to their positions in the company. Bridgefront Capital LLC boosted its holdings in RealReal by 17.7% in the first quarter. Bridgefront Capital LLC now owns 19,479 shares of the company’s stock worth $141,000 after acquiring an additional 2,936 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in RealReal by 21.3% in the first quarter. MetLife Investment Management LLC now owns 34,031 shares of the company’s stock worth $247,000 after acquiring an additional 5,978 shares in the last quarter. Game Plan Financial Advisors LLC boosted its holdings in RealReal by 233.3% in the first quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock worth $39,000 after acquiring an additional 7,000 shares in the last quarter. Empirical Capital Management LLC boosted its holdings in RealReal by 15.9% in the first quarter. Empirical Capital Management LLC now owns 51,000 shares of the company’s stock worth $370,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in RealReal by 5.5% in the third quarter. Northern Trust Corp now owns 161,173 shares of the company’s stock worth $340,000 after acquiring an additional 8,370 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors.

RealReal Trading Up 2.9 %

Shares of NASDAQ REAL opened at $3.20 on Friday. The stock has a market cap of $335.01 million, a price-to-earnings ratio of -1.92 and a beta of 2.98. RealReal has a 1-year low of $1.00 and a 1-year high of $4.10. The stock’s 50-day moving average is $2.91 and its 200 day moving average is $2.28.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. The firm had revenue of $143.37 million for the quarter, compared to analysts’ expectations of $142.80 million. On average, analysts forecast that RealReal will post -0.79 EPS for the current fiscal year.

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.