Analysts Set The RealReal, Inc. (NASDAQ:REAL) Price Target at $17.75

Shares of The RealReal, Inc. (NASDAQ:REAL) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat Ratings 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 twelve-month price target among analysts that have issued a report on the stock in the last year is $17.75.

Several research firms have recently weighed in on REAL. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. BTIG Research restated a “buy” rating and issued a $17.00 price target on shares of RealReal in a research report on Thursday, September 17th. Roth Capital reaffirmed a “buy” rating and set a $19.00 price objective on shares of RealReal in a research note on Friday, August 7th. Finally, UBS Group boosted their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 7th.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $9.90 on Friday. The stock’s 50-day simple moving average is $10.97 and its two-hundred day simple moving average is $10.63. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -8.84 and a beta of 2.71. RealReal has a 52-week low of $8.05 and a 52-week high of $17.39.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $192.57 million during the quarter, compared to the consensus estimate of $188.11 million. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts forecast that RealReal will post -0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Todd A. Suko sold 17,567 shares of the stock in a transaction that occurred 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 approximately $6,449,230.09. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gopal Madan sold 36,418 shares of the business’s stock in a transaction 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 transaction, the chief financial officer owned 1,108,860 shares of the company’s stock, valued at approximately $12,175,282.80. The trade was a 3.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 173,004 shares of company stock valued at $1,899,283 over the last quarter. Corporate insiders own 2.66% of the company’s stock.

Institutional Trading of RealReal

Large investors have recently made changes to their positions in the stock. Tidal Investments LLC acquired a new position in RealReal during the second quarter worth about $713,000. Integrated Wealth Concepts LLC acquired a new stake in RealReal during the 2nd quarter valued at $50,000. Allworth Financial LP lifted its stake in RealReal by 211.3% in the 2nd quarter. Allworth Financial LP now owns 4,504 shares of the company’s stock worth $53,000 after acquiring an additional 3,057 shares in the last quarter. Arizona State Retirement System lifted its position in shares of RealReal by 12.9% in the second quarter. Arizona State Retirement System now owns 30,369 shares of the company’s stock worth $358,000 after purchasing an additional 3,464 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new stake in shares of RealReal during the 2nd quarter valued at $142,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

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.