The RealReal, Inc. (NASDAQ:REAL) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts rate RealReal “Moderate Buy”: Six of nine analysts recommend buying the stock, while two rate it a hold and one a sell. The average 12-month price target is $17.75.
• Recent results exceeded expectations: RealReal reported quarterly adjusted earnings of a $0.01 loss per share versus the expected $0.02 loss, while revenue reached $192.57 million, up 16.6% year over year.
• Insiders have been selling shares: Company insiders sold 173,004 shares worth approximately $1.9 million over the past 90 days, while institutional investors own 64.73% of the stock.

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $17.75.

REAL has been the topic of a number of research reports. UBS Group upped their price target 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. Roth Capital restated a "buy" rating and set a $19.00 price objective on shares of RealReal in a research report on Friday, August 7th. BTIG Research restated a "buy" rating and set a $17.00 price objective on shares of RealReal in a report on Thursday. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of RealReal in a research report on Friday, July 17th.

Insider Buying and Selling at RealReal

In related news, insider Luke Friang sold 22,028 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $241,867.44. Following the completion of the sale, the insider directly owned 508,648 shares in the company, valued at $5,584,955.04. The trade was a 4.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gopal Madan sold 36,418 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $399,869.64. Following the completion of the transaction, the chief financial officer directly owned 1,108,860 shares in the company, valued at approximately $12,175,282.80. This represents a 3.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 173,004 shares of company stock worth $1,899,283 in the last 90 days. Company insiders own 2.66% of the company's stock.

Institutional Investors Weigh In On RealReal

Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in RealReal during the second quarter worth about $134,510,000. Arrowstreet Capital Limited Partnership boosted its holdings in RealReal by 58.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company's stock valued at $36,765,000 after purchasing an additional 1,489,939 shares during the period. AWM Investment Company Inc. acquired a new position in shares of RealReal during the 2nd quarter worth approximately $21,265,000. Penn Capital Management Company LLC grew its position in shares of RealReal by 13.0% during the 4th quarter. Penn Capital Management Company LLC now owns 1,336,674 shares of the company's stock worth $21,112,000 after purchasing an additional 153,806 shares in the last quarter. Finally, BIT Capital GmbH grew its position in shares of RealReal by 10.4% during the 4th quarter. BIT Capital GmbH now owns 1,133,140 shares of the company's stock worth $17,881,000 after purchasing an additional 106,656 shares in the last quarter. Institutional investors own 64.73% of the company's stock.

RealReal Price Performance

REAL stock opened at $9.45 on Friday. The company has a fifty day moving average price of $11.01 and a two-hundred day moving average price of $10.67. RealReal has a one year low of $8.05 and a one year high of $17.39. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -8.44 and a beta of 2.71.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $192.57 million during the quarter, compared to the consensus estimate of $188.11 million. RealReal's revenue was up 16.6% compared to the same quarter last year. Research analysts anticipate that RealReal will post -0.13 EPS for the current fiscal year.

RealReal Company Profile

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.

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