RealReal’s (REAL) Buy Rating Reaffirmed at BTIG Research

RealReal (NASDAQ:REAL)‘s stock had its “buy” rating reaffirmed by stock analysts at BTIG Research in a report released on Thursday, Benzinga reports. They presently have a $17.00 price objective on the stock. BTIG Research’s price target indicates a potential upside of 79.32% from the stock’s previous close.

REAL has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a report on Friday, July 17th. UBS Group boosted their price target on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Roth Capital reissued a “buy” rating and issued a $19.00 price objective on shares of RealReal in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.75.

RealReal Stock Up 0.4%

REAL stock opened at $9.48 on Thursday. The stock has a market capitalization of $1.15 billion, a P/E ratio of -8.46 and a beta of 2.71. The firm has a 50-day simple moving average of $11.06 and a 200-day simple moving average of $10.69. RealReal has a 52 week low of $8.05 and a 52 week high of $17.39.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $192.57 million for the quarter, compared to analyst estimates of $188.11 million. The business’s revenue was up 16.6% on a year-over-year basis. On average, analysts expect that RealReal will post -0.13 earnings per share for the current year.

Insider Activity at RealReal

In other news, CEO Levesque Sahi sold 84,432 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.98, for a total transaction of $927,063.36. Following the transaction, the chief executive officer directly owned 1,496,844 shares in the company, valued at $16,435,347.12. The trade was a 5.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gopal Madan sold 36,418 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $399,869.64. Following the completion of the sale, the chief financial officer owned 1,108,860 shares of the company’s stock, valued at $12,175,282.80. This trade represents a 3.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 173,004 shares of company stock worth $1,899,283 in the last 90 days. 2.66% of the stock is owned by insiders.

Hedge Funds Weigh In On RealReal

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV acquired a new stake in shares of RealReal in the 1st quarter worth $26,000. Gables Capital Management Inc. acquired a new stake in RealReal during the first quarter worth about $35,000. Persistent Asset Partners Ltd acquired a new stake in RealReal during the second quarter worth about $46,000. Larson Financial Group LLC raised its stake in RealReal by 40.7% during the fourth quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock worth $65,000 after purchasing an additional 1,185 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in RealReal during the second quarter worth about $50,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

About RealReal

The RealReal, Inc (NASDAQ: REAL) operates an online and brick-and-mortar marketplace for authenticated, pre-owned luxury goods. The company connects individuals and businesses seeking to sell luxury items with consumers looking to purchase them, handling consignment, authentication, merchandising, and fulfillment.

Its marketplace offers products across categories including women’s and men’s fashion, handbags, shoes, jewelry, watches, fine art, and home goods. The RealReal sells through its website and mobile applications, as well as through physical retail locations and other selling channels.