RealReal (NASDAQ:REAL) Receives "Buy" Rating from BTIG Research

Key Points

• BTIG Research reaffirmed its “Buy” rating on RealReal and set a $17 price target, implying approximately 79% upside from the reported $9.48 share price.
• Analyst sentiment is broadly positive: six analysts rate the stock a Buy, two rate it Hold, and one rates it Sell, producing a consensus “Moderate Buy” rating and average price target of $17.75.
• RealReal exceeded quarterly expectations, reporting an adjusted loss of $0.01 per share versus estimates of $0.02 and revenue of $192.57 million, up 16.6% year over year; however, insiders sold 173,004 shares worth about $1.9 million over the last quarter.

RealReal (NASDAQ:REAL - Get Free Report)'s stock had its "buy" rating restated by analysts at BTIG Research in a research note issued to investors on Thursday, Benzinga reports. They presently have a $17.00 price target on the stock. BTIG Research's price objective indicates a potential upside of 79.32% from the company's current price.

A number of other equities research analysts have also commented on REAL. Roth Capital reiterated a "buy" rating and issued a $19.00 target price on shares of RealReal in a research report on Friday, August 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of RealReal in a research report on Friday, July 17th. Finally, UBS Group lifted their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.75.

RealReal Trading Up 0.4%

NASDAQ:REAL opened at $9.48 on Thursday. The company has a market capitalization of $1.15 billion, a P/E ratio of -8.46 and a beta of 2.71. RealReal has a 12 month low of $8.05 and a 12 month high of $17.39. The firm has a fifty day simple moving average of $11.06 and a 200-day simple moving average of $10.69.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The firm had revenue of $192.57 million for the quarter, compared to analyst estimates of $188.11 million. The firm's quarterly revenue was up 16.6% on a year-over-year basis. Equities analysts forecast that RealReal will post -0.13 EPS for the current year.

Insiders Place Their Bets

In other news, insider Todd Suko sold 17,567 shares of the company's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.97, for a total value of $192,709.99. Following the sale, the insider owned 587,897 shares in the company, valued at $6,449,230.09. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Luke Friang sold 22,028 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $241,867.44. Following the sale, the insider directly owned 508,648 shares in the company, valued at approximately $5,584,955.04. This trade represents a 4.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 173,004 shares of company stock worth $1,899,283. 2.66% of the stock is currently owned by company insiders.

Institutional Trading of RealReal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new position in shares of RealReal in the second quarter worth about $713,000. Integrated Wealth Concepts LLC acquired a new stake in shares of RealReal during the 2nd quarter valued at about $50,000. Allworth Financial LP grew its position in shares of RealReal by 211.3% during the 2nd quarter. Allworth Financial LP now owns 4,504 shares of the company's stock valued at $53,000 after acquiring an additional 3,057 shares during the period. Arizona State Retirement System increased its stake in shares of RealReal by 12.9% in the 2nd quarter. Arizona State Retirement System now owns 30,369 shares of the company's stock valued at $358,000 after purchasing an additional 3,464 shares in the last quarter. Finally, Corient Private Wealth LP purchased a new position in shares of RealReal in the 2nd quarter valued at about $142,000. Institutional investors and hedge funds own 64.73% of the company's stock.

About RealReal

The RealReal, Inc NASDAQ: REAL operates an online and brick-and-mortar marketplace for authenticated, pre-owned luxury goods. The company connects individuals and businesses seeking to sell luxury items with consumers looking to purchase them, handling consignment, authentication, merchandising, and fulfillment.

Its marketplace offers products across categories including women's and men's fashion, handbags, shoes, jewelry, watches, fine art, and home goods. The RealReal sells through its website and mobile applications, as well as through physical retail locations and other selling channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.