BidaskClub Upgrades RealReal (NASDAQ:REAL) to Hold

RealReal (NASDAQ:REAL) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday, BidAskClub reports.

A number of other analysts have also recently weighed in on the company. DA Davidson assumed coverage on RealReal in a research report on Tuesday, December 10th. They issued a “buy” rating and a $22.00 price target for the company. BMO Capital Markets assumed coverage on RealReal in a research report on Monday, February 3rd. They issued an “outperform” rating and a $19.00 price target for the company. Zacks Investment Research raised RealReal from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, January 8th. Credit Suisse Group reissued an “outperform” rating on shares of RealReal in a research report on Friday, November 15th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $30.00 price objective on shares of RealReal in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $24.21.

REAL traded down $0.02 during trading on Friday, reaching $14.95. 284,017 shares of the stock traded hands, compared to its average volume of 1,237,801. RealReal has a fifty-two week low of $12.58 and a fifty-two week high of $30.05. The stock’s 50-day simple moving average is $15.96 and its two-hundred day simple moving average is $17.63.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The firm had revenue of $97.30 million for the quarter, compared to analyst estimates of $91.43 million. RealReal’s revenue for the quarter was up 56.7% compared to the same quarter last year. As a group, sell-side analysts forecast that RealReal will post -1.17 earnings per share for the current fiscal year.

In related news, CEO Julie Wainwright sold 30,000 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $14.22, for a total transaction of $426,600.00. Following the transaction, the chief executive officer now directly owns 4,448,190 shares in the company, valued at $63,253,261.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Rati Sahi Levesque sold 5,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $18.03, for a total value of $90,150.00. Following the transaction, the chief operating officer now owns 265,540 shares in the company, valued at $4,787,686.20. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock valued at $1,847,250 in the last three months.

A number of institutional investors and hedge funds have recently modified their holdings of REAL. Great Hill Partners L.P. bought a new position in RealReal during the fourth quarter valued at about $187,873,000. Canaan Partners IX LLC bought a new position in RealReal during the fourth quarter valued at about $166,010,000. FMR LLC increased its stake in RealReal by 64.3% during the fourth quarter. FMR LLC now owns 12,662,197 shares of the company’s stock valued at $238,683,000 after acquiring an additional 4,955,828 shares during the period. TimesSquare Capital Management LLC increased its stake in RealReal by 353.9% during the third quarter. TimesSquare Capital Management LLC now owns 960,020 shares of the company’s stock valued at $21,466,000 after acquiring an additional 748,520 shares during the period. Finally, UBS Group AG increased its stake in RealReal by 114.8% during the fourth quarter. UBS Group AG now owns 66,673 shares of the company’s stock valued at $1,257,000 after acquiring an additional 518,106 shares during the period. Hedge funds and other institutional investors own 76.91% of the company’s stock.

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Analyst Recommendations for RealReal (NASDAQ:REAL)

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