RealReal (NASDAQ:REAL) Given New $4.00 Price Target at Wells Fargo & Company

RealReal (NASDAQ:REAL) had its price target increased by equities research analysts at Wells Fargo & Company from $2.00 to $4.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 5.21% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. UBS Group upped their target price on RealReal from $2.30 to $3.70 and gave the stock a “neutral” rating in a report on Friday, April 12th. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price target on shares of RealReal in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, RealReal currently has a consensus rating of “Hold” and an average price target of $3.76.

RealReal Price Performance

RealReal stock remained flat at $4.22 during trading hours on Wednesday. 264,806 shares of the company’s stock were exchanged, compared to its average volume of 3,246,135. The company has a market cap of $447.10 million, a price-to-earnings ratio of -3.70 and a beta of 2.94. The business’s fifty day moving average price is $3.50 and its 200 day moving average price is $2.49. RealReal has a 52 week low of $1.10 and a 52 week high of $4.40.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, February 29th. The company reported ($0.15) earnings per share (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, analysts forecast that RealReal will post -0.79 EPS for the current fiscal year.

Insider Activity

In other RealReal news, President Levesque Rati Sahi sold 30,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $3.22, for a total transaction of $96,600.00. Following the sale, the president now directly owns 1,312,719 shares of the company’s stock, valued at $4,226,955.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Karen Katz purchased 6,500 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average price 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 in the company, valued at approximately $706,382.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Levesque Rati Sahi sold 30,000 shares of RealReal 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 sale, the president now directly owns 1,312,719 shares of the company’s stock, valued at approximately $4,226,955.18. The disclosure for this sale can be found here. Insiders own 9.34% of the company’s stock.

Hedge Funds Weigh In On RealReal

Several institutional investors and hedge funds have recently bought and sold shares of REAL. Game Plan Financial Advisors LLC boosted its holdings in RealReal by 233.3% in the first quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock valued at $39,000 after purchasing an additional 7,000 shares during the last quarter. Crown Wealth Group LLC acquired a new position in shares of RealReal during the 1st quarter worth about $39,000. Searle & CO. purchased a new stake in RealReal during the 1st quarter valued at about $39,000. Strata Wealth Advisors LLC purchased a new stake in RealReal during the 1st quarter valued at about $43,000. Finally, Freedom Wealth Alliance LLC purchased a new stake in shares of RealReal in the 3rd quarter valued at approximately $29,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

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.