RealReal (NASDAQ:REAL) PT Raised to $4.50

RealReal (NASDAQ:REAL) had its price target hoisted by equities research analysts at Wedbush from $3.00 to $4.50 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s target price would suggest a potential upside of 6.64% from the stock’s current price.

REAL has been the topic of a number of other research reports. UBS Group boosted their price objective on RealReal from $2.30 to $3.70 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Needham & Company LLC reissued a “buy” rating and issued a $6.00 price objective on shares of RealReal in a research note on Wednesday. Finally, Wells Fargo & Company boosted their price objective on RealReal from $2.00 to $4.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, RealReal has a consensus rating of “Hold” and an average price target of $3.76.

RealReal Price Performance

NASDAQ REAL opened at $4.22 on Wednesday. RealReal has a 12 month low of $1.10 and a 12 month high of $4.40. The firm has a market capitalization of $447.10 million, a PE ratio of -3.70 and a beta of 2.94. The company’s 50 day simple moving average is $3.50 and its 200 day simple moving average is $2.49.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.04. The firm had revenue of $143.37 million for the quarter, compared to analyst estimates of $142.80 million. Sell-side analysts anticipate that RealReal will post -0.79 earnings per share for the current fiscal year.

Insider Activity

In other news, Director James R. Miller sold 21,060 shares of RealReal stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $3.91, for a total transaction of $82,344.60. Following the transaction, the director now owns 160,492 shares in the company, valued at $627,523.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director James R. Miller sold 21,060 shares of RealReal stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $3.91, for a total transaction of $82,344.60. Following the transaction, the director now owns 160,492 shares in the company, valued at $627,523.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Levesque Rati Sahi sold 30,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $3.22, for a total value of $96,600.00. Following the completion of the transaction, the president now owns 1,312,719 shares in the company, valued at approximately $4,226,955.18. The disclosure for this sale can be found here. 9.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Freedom Wealth Alliance LLC purchased a new position in RealReal in the third quarter valued at about $29,000. Atria Wealth Solutions Inc. acquired a new stake in shares of RealReal in the third quarter worth about $37,000. Game Plan Financial Advisors LLC lifted its position in shares of 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 buying an additional 7,000 shares during the last quarter. Crown Wealth Group LLC acquired a new stake in shares of RealReal in the first quarter worth about $39,000. Finally, Searle & CO. acquired a new stake in shares of RealReal in the first quarter worth about $39,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

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.