The RealReal, Inc. (NASDAQ:REAL) Receives Average Rating of "Hold" from Brokerages

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) has received a consensus recommendation of "Hold" from the six ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $3.61.

A number of analysts recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $6.00 price objective on shares of RealReal in a research note on Friday, March 1st. UBS Group increased their price objective on RealReal from $2.30 to $3.70 and gave the company a "neutral" rating in a research note on Friday. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $2.75 price objective (down previously from $3.25) on shares of RealReal in a research note on Thursday, January 4th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On RealReal

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in RealReal by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 7,442,925 shares of the company's stock worth $54,035,000 after purchasing an additional 217,186 shares during the last quarter. Findell Capital Management LLC purchased a new stake in RealReal during the 4th quarter worth approximately $13,681,000. Marshall Wace LLP increased its holdings 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 purchasing an additional 815,955 shares during the last quarter. Manatuck Hill Partners LLC increased its holdings in RealReal by 5.8% during the 3rd quarter. Manatuck Hill Partners LLC now owns 3,650,000 shares of the company's stock worth $7,702,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in RealReal by 154.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,569,527 shares of the company's stock worth $7,175,000 after purchasing an additional 2,166,704 shares during the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Trading Down 6.1 %

Shares of REAL stock traded down $0.21 during mid-day trading on Friday, reaching $3.25. The stock had a trading volume of 2,488,427 shares, compared to its average volume of 3,547,508. RealReal has a 12-month low of $1.00 and a 12-month high of $4.10. The company has a market cap of $340.24 million, a P/E ratio of -1.96 and a beta of 2.99. The business has a 50-day simple moving average of $2.83 and a 200 day simple moving average of $2.26.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $142.80 million. Research analysts anticipate that RealReal will post -0.79 EPS for the current 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.