Brokerages Set The RealReal, Inc. (NASDAQ:REAL) Price Target at $3.61

The RealReal, Inc. (NASDAQ:REAL) has received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $3.61.

A number of research firms recently commented on REAL. Needham & Company LLC reiterated a “buy” rating and set a $6.00 price objective on shares of RealReal in a research report on Friday, March 1st. Robert W. Baird reissued a “neutral” rating and set a $2.75 price target (down from $3.25) on shares of RealReal in a report on Thursday, January 4th. Finally, UBS Group upped their price objective on RealReal from $2.30 to $3.70 and gave the stock a “neutral” rating in a research note on Friday, April 12th.

Insider Activity

In other news, Director Karen Katz bought 6,500 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average cost of $3.85 per share, for a total transaction of $25,025.00. Following the completion of the transaction, the director now owns 183,476 shares of the company’s stock, valued at $706,382.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Levesque Rati Sahi sold 30,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were 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 $4,226,955.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen Katz purchased 6,500 shares of RealReal stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average price of $3.85 per share, for a total transaction of $25,025.00. Following the transaction, the director now directly owns 183,476 shares of the company’s stock, valued at approximately $706,382.60. The disclosure for this purchase can be found here. Company insiders own 9.34% of the company’s stock.

Institutional Investors Weigh In On RealReal

Several large investors have recently bought and sold shares of REAL. Bridgefront Capital LLC boosted its stake in shares of RealReal by 17.7% during the first quarter. Bridgefront Capital LLC now owns 19,479 shares of the company’s stock valued at $141,000 after purchasing an additional 2,936 shares during the period. MetLife Investment Management LLC lifted its stake in RealReal by 21.3% in the first quarter. MetLife Investment Management LLC now owns 34,031 shares of the company’s stock worth $247,000 after acquiring an additional 5,978 shares during the period. Game Plan Financial Advisors LLC lifted its stake in RealReal by 233.3% in the first quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock worth $39,000 after acquiring an additional 7,000 shares during the period. Empirical Capital Management LLC lifted its stake in RealReal by 15.9% in the first quarter. Empirical Capital Management LLC now owns 51,000 shares of the company’s stock worth $370,000 after acquiring an additional 7,000 shares during the period. Finally, Northern Trust Corp lifted its stake in RealReal by 5.5% in the third quarter. Northern Trust Corp now owns 161,173 shares of the company’s stock worth $340,000 after acquiring an additional 8,370 shares during the period. Institutional investors own 64.73% of the company’s stock.

RealReal Stock Down 0.3 %

NASDAQ:REAL opened at $3.15 on Friday. The stock has a market cap of $329.77 million, a price-to-earnings ratio of -1.89 and a beta of 2.99. The company’s 50 day moving average price is $2.96 and its 200-day moving average price is $2.29. RealReal has a 52 week low of $1.00 and a 52 week high of $4.10.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, February 29th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.04. The business had revenue of $143.37 million during the quarter, compared to the consensus estimate of $142.80 million. As a group, sell-side analysts anticipate that RealReal will post -0.79 earnings per share 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.