RealReal (NASDAQ: REAL – Get a rating) saw its price target lowered by Needham & Company LLC stock research analysts from $10.00 to $6.00 in a research note released Wednesday, Target Stock Advisor reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 89.87% from the company’s current price.
Other equity research analysts have also released reports on the stock. Robert W. Baird lowered his price target on RealReal shares from $12.00 to $6.00 and set an “outperform” rating on the stock in a Wednesday, June 8 report. Credit Suisse Group lowered its price target on RealReal shares from $8.00 to $4.00 and set a “neutral” rating on the stock in a report on Wednesday. Piper Sandler reaffirmed a “neutral” rating and issued a $4.00 price target on RealReal shares in a Friday, July 22 report. KeyCorp began covering RealReal shares in a Wednesday, July 20, report. They issued a “sector weight” rating on the stock. Finally, B. Riley set a $3.00 price target on RealReal shares in a Tuesday, July 19 report. One research analyst rated the stock with a sell rating, six assigned a hold rating and eight assigned the company a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.36.
Actual stock performance
Shares of REAL action opened at $3.16 on Wednesday. The company’s fifty-day simple moving average is $2.73 and its 200-day simple moving average is $5.38. The company has a market capitalization of $298.22 million, a PE ratio of -1.34 and a beta of 2.30. The company has a current ratio of 2.58, a quick ratio of 2.17 and a debt ratio of 4.76. RealReal has a 12-month low of $2.12 and a 12-month high of $17.09.
RealReal (NASDAQ: REAL – Get a rating) last reported its quarterly earnings data on Tuesday, August 9. The company reported ($0.40) earnings per share for the quarter, beating analyst consensus estimates of ($0.43) by $0.03. The company posted revenue of $154.44 million for the quarter, versus analyst estimates of $153.99 million. RealReal had a negative net margin of 38.93% and a negative return on equity of 565.71%. The company’s quarterly revenue increased by 47.2% compared to the same quarter last year. During the same period of the previous year, the company made ($0.64) earnings per share. Analysts expect RealReal to post earnings per share of -2.03 for the current fiscal year.
Insider buying and selling
In related news, the President Levesque Rati Sahi sold 14,082 shares of the company in a transaction dated Tuesday, May 24. The shares were sold at an average price of $2.75, for a total transaction of $38,725.50. Following completion of the transaction, the president now owns 696,144 shares of the company, valued at approximately $1,914,396. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC website. In other RealReal news, insider Todd A. Suko sold 11,129 shares in a trade dated Friday, May 20. The shares were sold at an average price of $3.06, for a total value of $34,054.74. Following the completion of the sale, the insider now owns 396,408 shares of the company, valued at approximately $1,213,008.48. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Also, the president Levesque Rati Sahi sold 14,082 shares in a trade dated Tuesday, May 24. The shares were sold at an average price of $2.75, for a total transaction of $38,725.50. Following the completion of the sale, the president now owns 696,144 shares of the company, valued at approximately $1,914,396. Disclosure of this sale can be found here. Insiders sold a total of 68,995 shares of the company worth $202,532 in the past 90 days. Insiders hold 13.06% of the shares of the company.
RealReal Institutional Trading
Hedge funds have recently been buying and selling shares of the company. Parallel Advisors LLC increased its stake in RealReal by 758.9% in Q1. Parallel Advisors LLC now owns 3,178 shares of the company valued at $25,000 after acquiring 2,808 additional shares in the last quarter. Advisor Group Holdings Inc. increased its stake in RealReal shares by 56.5% in Q4. Advisor Group Holdings Inc. now owns 9,394 shares of the company valued at $108,000 after purchasing an additional 3,391 shares during the period. Gofen & Glossberg LLC IL bought a new equity stake in RealReal in Q2 valued at around $25,000. Shay Capital LLC purchased a new equity stake in RealReal in Q1 worth approximately $73,000. Finally, Raymond James & Associates bought a new equity stake in RealReal in Q4 valued at around $118,000. Institutional investors and hedge funds hold 89.19% of the company’s shares.
The RealReal, Inc operates an online marketplace for returnable luxury goods in the United States. It offers various product categories, including women’s, men’s, children’s, jewelry and watches, as well as home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California.
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