The RealReal, Inc. (NASDAQ:REAL) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of The RealReal, Inc. (NASDAQ:REAL) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $17.75.

REAL has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research report on Thursday, October 15th. UBS Group upped their price objective on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Roth Capital reaffirmed a “buy” rating and set a $19.00 price objective on shares of RealReal in a research report on Friday, October 16th. Finally, BTIG Research restated a “buy” rating and set a $17.00 price target on shares of RealReal in a research report on Thursday, September 17th.

RealReal Stock Down 3.0%

Shares of REAL opened at $10.63 on Thursday. RealReal has a 52-week low of $8.05 and a 52-week high of $17.39. The stock has a fifty day simple moving average of $10.01 and a two-hundred day simple moving average of $10.62.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, research analysts predict that RealReal will post -0.11 EPS for the current fiscal year.

Insider Activity at RealReal

In other RealReal news, CAO Steve Lo sold 12,559 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.97, for a total value of $137,772.23. Following the completion of the transaction, the chief accounting officer owned 176,910 shares of the company’s stock, valued at $1,940,702.70. This trade represents a 6.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Todd A. Suko sold 17,567 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.97, for a total value of $192,709.99. Following the sale, the insider directly owned 587,897 shares in the company, valued at $6,449,230.09. This represents a 2.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 173,004 shares of company stock valued at $1,899,283. 2.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of REAL. KBC Group NV purchased a new stake in RealReal during the 1st quarter worth about $26,000. Gables Capital Management Inc. acquired a new stake in RealReal in the first quarter valued at approximately $35,000. Persistent Asset Partners Ltd acquired a new stake in RealReal in the second quarter valued at approximately $46,000. Integrated Wealth Concepts LLC acquired a new stake in RealReal in the second quarter valued at approximately $50,000. Finally, Allworth Financial LP purchased a new position in RealReal in the second quarter worth approximately $53,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

About RealReal

The RealReal, Inc operates an online and physical marketplace for authenticated, pre-owned luxury goods. Through its platform, the company enables individuals and businesses to consign and purchase items across categories such as apparel, handbags, shoes, jewelry, watches, fine art, and home furnishings.

The company combines consignment services with in-house authentication, merchandising, photography, fulfillment, and customer support. Its authentication process is designed to assess the legitimacy and condition of products before they are offered for sale, helping connect sellers with buyers seeking luxury items through the resale market.

Founded in 2011 by Julie Wainwright, The RealReal serves customers primarily in the United States through its website, mobile applications, and retail locations.