RealReal (NASDAQ:REAL) Price Target Raised to $3.25

RealReal (NASDAQ:REAL) had its price objective increased by UBS Group from $3.00 to $3.25 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on REAL. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a report on Monday, September 16th. Robert W. Baird reduced their price objective on RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Wedbush dropped their target price on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Northland Securities initiated coverage on RealReal in a report on Monday, September 16th. They set an “outperform” rating and a $6.00 price target for the company. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $4.18.

RealReal Trading Up 0.5 %

Shares of NASDAQ:REAL traded up $0.02 during trading on Tuesday, reaching $3.76. 1,689,166 shares of the company traded hands, compared to its average volume of 2,602,450. RealReal has a 52-week low of $1.52 and a 52-week high of $4.64. The business’s fifty day moving average is $3.03 and its 200-day moving average is $3.31. The firm has a market capitalization of $412.43 million, a price-to-earnings ratio of -4.27 and a beta of 2.79.

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, topping analysts’ consensus estimates of ($0.24) by $0.02. The firm had revenue of $144.93 million during the quarter, compared to the consensus estimate of $139.85 million. On average, sell-side analysts predict that RealReal will post -0.82 earnings per share for the current fiscal year.

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 20,610 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $53,792.10. Following the completion of the sale, the chief accounting officer now owns 508,528 shares of the company’s stock, valued at $1,327,258.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Steve Ming Lo sold 20,610 shares of RealReal stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $53,792.10. Following the transaction, the chief accounting officer now owns 508,528 shares in the company, valued at approximately $1,327,258.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Luke Thomas Friang sold 16,239 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total value of $42,383.79. Following the completion of the sale, the insider now owns 517,598 shares of the company’s stock, valued at $1,350,930.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 116,337 shares of company stock worth $303,970 in the last three months. 9.78% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in RealReal by 0.4% during the first quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock valued at $16,039,000 after purchasing an additional 18,352 shares in the last quarter. Capricorn Fund Managers Ltd raised its position in shares of RealReal by 40.4% during the 3rd quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock valued at $4,417,000 after buying an additional 404,949 shares in the last quarter. Anthracite Investment Company Inc. raised its position in shares of RealReal by 62.0% during the 3rd quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock valued at $2,340,000 after buying an additional 285,304 shares in the last quarter. Renaissance Technologies LLC purchased a new position in RealReal in the second quarter worth about $1,563,000. Finally, AWM Investment Company Inc. bought a new stake in RealReal during the first quarter worth approximately $1,862,000. 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.