RealReal (NASDAQ:REAL) Stock Price Up 7.4% After Analyst Upgrade

Key Points

• RealReal's stock price rose by 7.4% following an upgrade from BTIG Research, which increased its price target for the stock from $9.00 to $11.00, maintaining a buy rating.
• The company recently reported quarterly earnings of ($0.13) per share, outperforming analysts' expectations and generating revenue of $165.19 million.
• Insider trading activity includes CEO Levesque Rati Sahi selling over 260,000 shares, representing a 12.61% decrease in his stake in the company.

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) shares traded up 7.4% during mid-day trading on Wednesday after BTIG Research raised their price target on the stock from $9.00 to $11.00. BTIG Research currently has a buy rating on the stock. RealReal traded as high as $9.01 and last traded at $8.92. 1,918,402 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 3,390,083 shares. The stock had previously closed at $8.30.

Several other equities research analysts have also recently commented on REAL. B. Riley reaffirmed a "buy" rating and set a $9.00 price objective (up from $8.00) on shares of RealReal in a research report on Friday, August 8th. UBS Group raised their target price on RealReal from $7.00 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $11.10.

Insider Activity

In related news, CEO Levesque Rati Sahi sold 260,171 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.94, for a total value of $2,065,757.74. Following the sale, the chief executive officer owned 1,803,044 shares in the company, valued at $14,316,169.36. This represents a 12.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 9.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Voloridge Investment Management LLC bought a new stake in RealReal in the fourth quarter valued at about $17,138,000. Kanen Wealth Management LLC increased its stake in shares of RealReal by 26.2% in the second quarter. Kanen Wealth Management LLC now owns 4,708,623 shares of the company's stock worth $22,554,000 after acquiring an additional 978,660 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in RealReal during the first quarter valued at about $4,958,000. Think Investments LP bought a new stake in shares of RealReal in the second quarter valued at about $4,299,000. Finally, Driehaus Capital Management LLC raised its position in RealReal by 90.8% in the first quarter. Driehaus Capital Management LLC now owns 1,810,651 shares of the company's stock worth $9,759,000 after purchasing an additional 861,902 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Stock Up 7.0%

The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -8.38 and a beta of 2.50. The company's 50-day moving average is $6.57 and its 200-day moving average is $5.95.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.02. The firm had revenue of $165.19 million for the quarter, compared to analyst estimates of $159.17 million. RealReal has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.