RealReal (NASDAQ:REAL) Price Target Lowered to $9.00 at UBS Group

RealReal (NASDAQ:REAL) had its price objective reduced by UBS Group from $10.00 to $9.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also recently weighed in on REAL. Northland Securities raised their price objective on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.33.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $6.84 on Wednesday. The company’s fifty day moving average price is $8.94 and its 200-day moving average price is $5.67. The firm has a market capitalization of $750.29 million, a price-to-earnings ratio of -5.30 and a beta of 2.83. RealReal has a one year low of $1.56 and a one year high of $11.38.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The company had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. As a group, equities research analysts expect that RealReal will post -0.4 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Steve Ming Lo sold 96,666 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total value of $589,662.60. Following the transaction, the chief accounting officer now owns 391,525 shares in the company, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction on Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Insiders have sold 751,427 shares of company stock valued at $6,181,969 in the last ninety days. Company insiders own 9.78% of the company’s stock.

Institutional Trading of RealReal

Institutional investors have recently modified their holdings of the company. Quarry LP increased its holdings in RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after purchasing an additional 1,569 shares during the period. R Squared Ltd bought a new stake in shares of RealReal in the 4th quarter worth approximately $49,000. XTX Topco Ltd purchased a new position in shares of RealReal during the third quarter valued at approximately $63,000. Intech Investment Management LLC bought a new position in shares of RealReal during the third quarter valued at approximately $88,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of RealReal during the fourth quarter valued at approximately $94,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

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.