RealReal Inc (NASDAQ:REAL) Given Consensus Rating of “Buy” by Brokerages

RealReal Inc (NASDAQ:REAL) has earned an average rating of “Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $29.50.

REAL has been the topic of several research reports. Cowen initiated coverage on RealReal in a research report on Tuesday, July 23rd. They issued an “outperform” rating and a $32.00 price objective on the stock. KeyCorp initiated coverage on RealReal in a research report on Tuesday, July 23rd. They issued an “overweight” rating and a $31.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price objective on shares of RealReal in a research report on Wednesday, August 14th. Credit Suisse Group initiated coverage on RealReal in a research report on Tuesday, July 23rd. They issued an “outperform” rating and a $30.00 price objective on the stock. Finally, Bank of America cut their price objective on RealReal from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th.

Several institutional investors have recently made changes to their positions in REAL. Magnetar Financial LLC acquired a new position in RealReal in the second quarter valued at approximately $1,012,000. Point72 Europe London LLP acquired a new position in RealReal in the second quarter valued at approximately $289,000. York Capital Management Global Advisors LLC acquired a new position in RealReal in the second quarter valued at approximately $1,011,000. Bamco Inc. NY acquired a new position in RealReal in the second quarter valued at approximately $25,374,000. Finally, Waddell & Reed Financial Inc. acquired a new position in RealReal in the second quarter valued at approximately $8,018,000. Institutional investors own 13.29% of the company’s stock.



NASDAQ:REAL traded down $0.24 during mid-day trading on Friday, hitting $16.99. The company had a trading volume of 14,858 shares, compared to its average volume of 1,690,180. The business has a fifty day simple moving average of $22.92. RealReal has a 1 year low of $14.09 and a 1 year high of $30.05.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.06. The company had revenue of $71.00 million during the quarter, compared to analysts’ expectations of $70.10 million. RealReal’s revenue was up 51.1% compared to the same quarter last year. On average, research analysts predict that RealReal will post -1.24 EPS for the current fiscal year.

About RealReal

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Analyst Recommendations for RealReal (NASDAQ:REAL)

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