The RealReal, Inc. (NASDAQ:REAL) Receives Average Recommendation of “Hold” from Brokerages

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $4.17.

A number of equities analysts recently issued reports on REAL shares. Robert W. Baird dropped their price objective on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Wedbush dropped their price objective on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th.

RealReal Stock Up 7.6 %

Shares of NASDAQ REAL opened at $2.69 on Monday. The firm’s 50-day moving average price is $2.95 and its 200-day moving average price is $3.37. RealReal has a 52-week low of $1.26 and a 52-week high of $4.64.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The company had revenue of $144.93 million for the quarter, compared to analysts’ expectations of $139.85 million. As a group, equities research analysts forecast that RealReal will post -0.74 EPS for the current year.

Insider Activity

In other news, Director James R. Miller sold 53,526 shares of RealReal stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $3.24, for a total transaction of $173,424.24. Following the sale, the director now owns 157,891 shares in the company, valued at $511,566.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Karen Katz sold 33,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total value of $86,460.00. Following the sale, the director now owns 201,301 shares in the company, valued at $527,408.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Miller sold 53,526 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $3.24, for a total transaction of $173,424.24. Following the completion of the sale, the director now owns 157,891 shares in the company, valued at approximately $511,566.84. The disclosure for this sale can be found here. Insiders have sold a total of 169,863 shares of company stock worth $477,394 over the last quarter. Insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its stake in RealReal by 309.9% during the second quarter. NewEdge Advisors LLC now owns 435,554 shares of the company’s stock worth $1,389,000 after buying an additional 329,303 shares during the period. The Manufacturers Life Insurance Company purchased a new position in RealReal during the second quarter worth $123,000. Evoke Wealth LLC purchased a new position in RealReal during the second quarter worth $36,000. Renaissance Technologies LLC purchased a new position in RealReal during the second quarter worth $1,563,000. Finally, Rhumbline Advisers boosted its stake in RealReal by 4,275.4% during the second quarter. Rhumbline Advisers now owns 125,267 shares of the company’s stock worth $400,000 after buying an additional 122,404 shares during the period. Institutional investors own 64.73% of the company’s stock.

About RealReal

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.