RealReal (NASDAQ:REAL) Research Coverage Started at Northland Securities

Northland Securities initiated coverage on shares of RealReal (NASDAQ:REAL) in a research report released on Monday morning, MarketBeat reports. The firm issued an outperform rating and a $6.00 target price on the stock.

REAL has been the topic of a number of other research reports. Robert W. Baird reduced their price objective on RealReal from $4.00 to $3.50 and set a neutral rating on the stock in a research note on Wednesday, August 7th. Wedbush reduced their price target on shares of RealReal from $4.50 to $4.00 and set an outperform rating on the stock in a research report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, RealReal currently has an average rating of Moderate Buy and a consensus price target of $4.40.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $3.21 on Monday. The firm has a market cap of $340.16 million, a price-to-earnings ratio of -2.82 and a beta of 2.81. The firm has a fifty day moving average price of $2.93 and a 200 day moving average price of $3.38. RealReal has a fifty-two week low of $1.26 and a fifty-two week high of $4.64.

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

Insider Activity at RealReal

In related news, CAO Steve Ming Lo sold 20,610 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total value of $53,792.10. Following the completion of the sale, the chief accounting officer now directly owns 508,528 shares in the company, valued at $1,327,258.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Steve Ming Lo sold 20,610 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $53,792.10. Following the sale, the chief accounting officer now owns 508,528 shares of the company’s stock, valued at $1,327,258.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James R. Miller sold 53,526 shares of RealReal stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $3.24, for a total transaction of $173,424.24. Following the transaction, the director now directly owns 157,891 shares of the company’s stock, valued at $511,566.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 169,863 shares of company stock worth $477,394. Company insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in RealReal in the 1st quarter valued at $880,000. Jacobs Levy Equity Management Inc. bought a new position in shares of RealReal in the first quarter worth about $674,000. Findell Capital Management LLC purchased a new position in RealReal in the 4th quarter worth about $13,681,000. GSA Capital Partners LLP bought a new stake in RealReal during the 1st quarter valued at about $1,430,000. Finally, Vanguard Group Inc. lifted its holdings in RealReal by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock valued at $16,039,000 after buying an additional 18,352 shares in the last quarter. 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.