RealReal (NASDAQ:REAL) Stock Price Target Cut by UBS Group

by · The Markets Daily

RealReal (NASDAQ:REAL – Get Free Report) had its price target decreased by stock analysts at UBS Group from $16.00 to $14.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group‘s price target would suggest a potential upside of 33.59% from the stock’s current price.

REAL has been the topic of a number of other research reports. Roth Capital reiterated a “buy” rating and set a $19.00 price objective on shares of RealReal in a research note on Friday, October 16th. BTIG Research restated a “buy” rating and issued a $17.00 target price on shares of RealReal in a research report on Thursday, September 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Thursday, October 15th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.50.

Get Our Latest Analysis on RealReal

RealReal Stock Down 1.4%

RealReal stock traded down $0.15 during trading hours on Thursday, hitting $10.48. 2,918,579 shares of the company traded hands, compared to its average volume of 3,230,751. RealReal has a 1-year low of $8.05 and a 1-year high of $17.39. The firm has a market cap of $1.28 billion, a P/E ratio of -9.36 and a beta of 2.81. The firm’s 50-day simple moving average is $10.01 and its two-hundred day simple moving average is $10.62.

RealReal (NASDAQ:REAL – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities research analysts predict that RealReal will post -0.11 earnings per share for the current year.

Insider Transactions at RealReal

In other RealReal news, insider Luke Friang sold 22,028 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $241,867.44. Following the sale, the insider directly owned 508,648 shares in the company, valued at approximately $5,584,955.04. The trade was a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Todd Suko sold 17,567 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.97, for a total transaction of $192,709.99. Following the completion of the sale, the insider directly owned 587,897 shares of the company’s stock, valued at $6,449,230.09. The trade was a 2.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 173,004 shares of company stock valued at $1,899,283 in the last quarter. 2.66% of the stock is owned by company insiders.

Institutional Trading of RealReal

A number of hedge funds and other institutional investors have recently made changes to their positions in REAL. KBC Group NV bought a new stake in shares of RealReal in the 1st quarter worth approximately $26,000. Gables Capital Management Inc. bought a new stake in RealReal during the first quarter worth approximately $35,000. Persistent Asset Partners Ltd bought a new stake in RealReal during the second quarter worth approximately $46,000. Integrated Wealth Concepts LLC bought a new stake in RealReal during the second quarter worth approximately $50,000. Finally, Allworth Financial LP acquired a new position in RealReal in the second quarter worth approximately $53,000. 64.73% of the stock is currently owned by institutional investors.

RealReal Company Profile

(Get Free Report)

The RealReal, Inc operates an online and physical marketplace for authenticated, pre-owned luxury goods. Through its platform, the company enables individuals and businesses to consign and purchase items across categories such as apparel, handbags, shoes, jewelry, watches, fine art, and home furnishings.

The company combines consignment services with in-house authentication, merchandising, photography, fulfillment, and customer support. Its authentication process is designed to assess the legitimacy and condition of products before they are offered for sale, helping connect sellers with buyers seeking luxury items through the resale market.

Founded in 2011 by Julie Wainwright, The RealReal serves customers primarily in the United States through its website, mobile applications, and retail locations.

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