Needham & Company LLC reaffirmed their buy rating on shares of RealReal (NASDAQ:REAL - Free Report) in a report released on Wednesday, Benzinga reports. Needham & Company LLC currently has a $6.00 price objective on the stock.
Separately, UBS Group increased their price objective on shares of RealReal from $2.30 to $3.70 and gave the stock a neutral rating in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of $3.76.
Check Out Our Latest Stock Report on RealReal
RealReal Stock Performance
NASDAQ REAL traded up $0.30 on Wednesday, reaching $4.08. The company had a trading volume of 3,919,616 shares, compared to its average volume of 3,285,384. The company's fifty day moving average is $3.45 and its 200-day moving average is $2.48. The firm has a market capitalization of $432.28 million, a price-to-earnings ratio of -2.40 and a beta of 2.94. RealReal has a 1-year low of $1.10 and a 1-year high of $4.35.
RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.15) EPS 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 the consensus estimate of $142.80 million. On average, research analysts forecast that RealReal will post -0.79 earnings per share for the current year.
Insider Buying and Selling at RealReal
In related news, President Levesque Rati Sahi sold 30,000 shares of the stock in a transaction 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 sale, the president now owns 1,312,719 shares in the company, valued at approximately $4,226,955.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other RealReal news, President Levesque Rati Sahi sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $3.22, for a total transaction of $96,600.00. Following the completion of the sale, the president now directly owns 1,312,719 shares in the company, valued at $4,226,955.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Miller sold 21,060 shares of the stock in a transaction that occurred on 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 owns 160,492 shares in the company, valued at approximately $627,523.72. The disclosure for this sale can be found here. Corporate insiders own 9.34% of the company's stock.
Hedge Funds Weigh In On RealReal
Several institutional investors and hedge funds have recently modified their holdings of the business. Findell Capital Management LLC acquired a new position in shares of RealReal during the 4th quarter worth approximately $13,681,000. Fuller & Thaler Asset Management Inc. acquired a new position in RealReal in the 3rd quarter valued at $1,930,000. EAM Investors LLC bought a new stake in shares of RealReal during the 3rd quarter valued at $1,043,000. Anthracite Investment Company Inc. acquired a new stake in shares of RealReal during the 4th quarter worth $925,000. Finally, GSA Capital Partners LLP bought a new position in shares of RealReal in the first quarter worth $1,430,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.
RealReal Company Profile
(
Get Free Report)
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.
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