UBS Group Issues Positive Forecast for RealReal (NASDAQ:REAL) Stock Price

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

Other equities research analysts also recently issued research reports about the company. Northland Securities assumed coverage on RealReal in a report on Monday, September 16th. They set an “outperform” rating and a $6.00 price objective on the stock. Northland Capmk raised RealReal to a “strong-buy” rating in a report on Monday, September 16th. Wedbush cut their price objective on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Robert W. Baird cut their price objective on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Four equities research 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 data from MarketBeat.com, RealReal presently has an average rating of “Moderate Buy” and a consensus price target of $4.18.

RealReal Stock Performance

Shares of REAL opened at $3.74 on Tuesday. 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 $2.99 and its 200-day moving average is $3.30. The firm has a market cap of $405.79 million, a price-to-earnings ratio of -4.25 and a beta of 2.79.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.02. The business had revenue of $144.93 million during the quarter, compared to the consensus estimate of $139.85 million. As a group, research analysts forecast that RealReal will post -0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other RealReal news, insider Luke Thomas Friang sold 16,239 shares of RealReal stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total transaction of $42,383.79. Following the transaction, the insider now directly owns 517,598 shares of the company’s stock, valued at approximately $1,350,930.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Levesque Rati Sahi sold 46,488 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total value of $121,333.68. Following the transaction, the president now directly owns 1,210,375 shares of the company’s stock, valued at $3,159,078.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Luke Thomas Friang sold 16,239 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $42,383.79. Following the completion of the transaction, the insider now directly owns 517,598 shares in the company, valued at $1,350,930.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,337 shares of company stock valued at $303,970. 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 business. Drive Wealth Management LLC acquired a new position in shares of RealReal in the 2nd quarter valued at about $32,000. Calamos Advisors LLC acquired a new position in shares of RealReal in the 2nd quarter valued at about $34,000. Evoke Wealth LLC acquired a new position in shares of RealReal in the 2nd quarter valued at about $36,000. Searle & CO. acquired a new position in shares of RealReal in the 1st quarter valued at about $39,000. Finally, Principal Financial Group Inc. acquired a new position in shares of RealReal in the 2nd quarter valued at about $39,000. 64.73% of the stock is 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.