Brokerages Set The RealReal, Inc. (NASDAQ:REAL) Target Price at $8.33

Shares of The RealReal, Inc. (NASDAQ:REAL) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $8.33.

A number of equities research analysts have recently commented on REAL shares. UBS Group reduced their price objective on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Northland Securities increased their price target on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $4.00 to $15.00 in a research report on Monday, December 9th.

Insider Activity

In other news, insider Luke Thomas Friang sold 18,503 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the sale, the insider now owns 556,557 shares in the company, valued at $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $161,991.30. Following the transaction, the chief accounting officer now directly owns 330,117 shares in the company, valued at $2,277,807.30. The trade was a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 654,761 shares of company stock worth $5,592,306. Company insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC lifted its position in RealReal by 53.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 55,464 shares of the company’s stock valued at $163,000 after acquiring an additional 19,215 shares in the last quarter. Quantum Private Wealth LLC lifted its holdings in shares of RealReal by 6.1% in the third quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock valued at $544,000 after purchasing an additional 10,000 shares in the last quarter. River Global Investors LLP boosted its position in shares of RealReal by 4.9% during the third quarter. River Global Investors LLP now owns 359,623 shares of the company’s stock valued at $1,127,000 after buying an additional 16,896 shares during the last quarter. Versor Investments LP bought a new stake in RealReal during the third quarter worth $243,000. Finally, Anthracite Investment Company Inc. raised its position in RealReal by 62.0% in the 3rd quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock valued at $2,340,000 after buying an additional 285,304 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Trading Up 1.5 %

Shares of REAL opened at $5.40 on Monday. The stock’s 50-day moving average price is $8.41 and its two-hundred day moving average price is $5.86. RealReal has a 12 month low of $2.24 and a 12 month high of $11.38. The company has a market capitalization of $600.73 million, a PE ratio of -4.19 and a beta of 3.00.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The company had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. Equities research analysts predict that RealReal will post -0.4 EPS for the current fiscal 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.