RealReal (NASDAQ:REAL) Price Target Cut to $3.50

RealReal (NASDAQ:REAL) had its price target reduced by Robert W. Baird from $4.00 to $3.50 in a report released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company boosted their price objective on shares of RealReal from $2.00 to $4.00 and gave the stock an equal weight rating in a research note on Wednesday, May 8th. UBS Group boosted their price objective on shares of RealReal from $2.30 to $3.70 and gave the stock a neutral rating in a research note on Friday, April 12th. Wedbush cut their target price on shares of RealReal from $4.50 to $4.00 and set an outperform rating for the company in a research note on Wednesday. Finally, Needham & Company LLC reiterated a buy rating and set a $6.00 target price on shares of RealReal in a research note on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $4.03.

RealReal Price Performance

Shares of REAL remained flat at $2.38 during mid-day trading on Wednesday. 3,542,816 shares of the stock traded hands, compared to its average volume of 2,866,152. The company has a fifty day moving average of $3.42 and a 200-day moving average of $3.22. The company has a market cap of $252.21 million, a PE ratio of -2.09 and a beta of 2.90. RealReal has a 12 month low of $1.26 and a 12 month high of $4.64.

RealReal (NASDAQ:REAL) last released its earnings results on Tuesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.04. The firm had revenue of $143.80 million during the quarter, compared to analysts’ expectations of $138.90 million. Equities research analysts forecast that RealReal will post -0.8 EPS for the current fiscal year.

Insider Buying and Selling at RealReal

In other RealReal news, Director Caretha Coleman sold 10,354 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $4.33, for a total value of $44,832.82. Following the sale, the director now owns 174,833 shares of the company’s stock, valued at approximately $757,026.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Steve Ming Lo sold 20,330 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $4.25, for a total value of $86,402.50. Following the sale, the chief accounting officer now directly owns 529,138 shares in the company, valued at approximately $2,248,836.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Caretha Coleman sold 10,354 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $4.33, for a total transaction of $44,832.82. Following the completion of the sale, the director now owns 174,833 shares in the company, valued at $757,026.89. The disclosure for this sale can be found here. Insiders have sold 237,132 shares of company stock valued at $933,131 in the last 90 days. 9.78% of the stock is currently owned by company insiders.

Institutional Trading of RealReal

A number of hedge funds have recently modified their holdings of REAL. Game Plan Financial Advisors LLC increased its stake in RealReal by 233.3% during the 1st quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock worth $39,000 after purchasing an additional 7,000 shares in the last quarter. Crown Wealth Group LLC bought a new stake in RealReal during the 1st quarter worth approximately $39,000. Searle & CO. bought a new stake in RealReal during the 1st quarter worth approximately $39,000. Drive Wealth Management LLC bought a new stake in RealReal during the 2nd quarter worth approximately $32,000. Finally, Calamos Advisors LLC bought a new stake in RealReal during the 2nd quarter worth approximately $34,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.