UBS Group Has Lowered Expectations for RealReal (NASDAQ:REAL) Stock Price

RealReal (NASDAQ:REAL) had its price objective decreased by UBS Group from $10.00 to $9.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 32.45% from the stock’s current price.

A number of other brokerages also recently commented on REAL. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Securities raised their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $8.33.

RealReal Price Performance

NASDAQ REAL traded up $0.06 on Wednesday, hitting $6.80. The stock had a trading volume of 1,325,863 shares, compared to its average volume of 3,360,773. RealReal has a 52-week low of $1.56 and a 52-week high of $11.38. The business’s fifty day moving average price is $8.97 and its 200 day moving average price is $5.66. The stock has a market cap of $745.35 million, a price-to-earnings ratio of -5.26 and a beta of 2.83.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. As a group, sell-side analysts anticipate that RealReal will post -0.4 EPS for the current year.

Insider Transactions at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the sale, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of RealReal stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $127,670.70. Following the sale, the insider now owns 556,557 shares in the company, valued at approximately $3,840,243.30. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 751,427 shares of company stock worth $6,181,969 in the last three months. Company insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anchorage Capital Advisors L.P. bought a new stake in RealReal in the third quarter valued at $10,675,000. Voloridge Investment Management LLC acquired a new position in RealReal in the fourth quarter worth $17,138,000. Norges Bank acquired a new position in shares of RealReal during the fourth quarter valued at $11,989,000. Driehaus Capital Management LLC acquired a new position in RealReal in the fourth quarter valued at about $10,370,000. Finally, Invesco Ltd. increased its holdings in shares of RealReal by 413.4% in the fourth quarter. Invesco Ltd. now owns 1,053,911 shares of the company’s stock worth $11,519,000 after acquiring an additional 848,640 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.