Shares of The RealReal, Inc. (NASDAQ:REAL – Get Rating) have earned an average recommendation of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $3.38.
REAL has been the subject of several recent research reports. Wells Fargo & Company downgraded RealReal from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $5.00 to $2.00 in a report on Friday, January 6th. Needham & Company LLC reissued a “buy” rating and issued a $6.00 price target on shares of RealReal in a report on Wednesday, March 1st. Robert W. Baird dropped their price target on RealReal from $3.75 to $2.75 and set an “outperform” rating for the company in a research report on Wednesday, March 1st. Piper Sandler dropped their target price on RealReal from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, March 1st. Finally, Credit Suisse Group dropped their target price on RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, March 2nd.
Institutional Trading of RealReal
Hedge funds have recently modified their holdings of the business. Bridgefront Capital LLC raised its holdings in shares of RealReal by 17.7% in the first quarter. Bridgefront Capital LLC now owns 19,479 shares of the company’s stock worth $141,000 after acquiring an additional 2,936 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of RealReal by 21.3% during the first quarter. MetLife Investment Management LLC now owns 34,031 shares of the company’s stock worth $247,000 after purchasing an additional 5,978 shares in the last quarter. Tudor Investment Corp Et Al lifted its stake in shares of RealReal by 2.9% during the third quarter. Tudor Investment Corp Et Al now owns 238,215 shares of the company’s stock worth $357,000 after purchasing an additional 6,699 shares in the last quarter. Empirical Capital Management LLC lifted its stake in shares of RealReal by 15.9% in the first quarter. Empirical Capital Management LLC now owns 51,000 shares of the company’s stock worth $370,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of RealReal by 80.1% in the third quarter. Tower Research Capital LLC TRC now owns 21,688 shares of the company’s stock worth $32,000 after acquiring an additional 9,647 shares in the last quarter. 65.44% of the stock is owned by institutional investors and hedge funds.
RealReal Price Performance
RealReal (NASDAQ:REAL – Get Rating) last posted its earnings results on Tuesday, February 28th. The company reported ($0.38) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.11. The business had revenue of $159.66 million during the quarter, compared to analysts’ expectations of $155.35 million. On average, sell-side analysts anticipate that RealReal will post -1.69 earnings per share for the current year.
About RealReal
The RealReal, Inc operates an online marketplace for consigned luxury goods. It engages in the consignment of luxury goods across multiple categories, including women’s, men’s, kids, jewelry, watches, home and art. It sells pieces from designers such as Chanel, Christian Louboutin, Gucci, Hermes, Louis Vuitton, Prada, Celine, Jimmy Choo, Burberry, and Valentino.
Further Reading
- Get a free copy of the StockNews.com research report on RealReal (REAL)
- 10 E-commerce Stocks to Consider for Long-Term Buys
- Joby Aviation Extends Deal With Air Force, Analysts Maintain Hold
- Meta’s Earnings; Time To Buckle Up
- Why Invest in High-Yield Dividend Stocks?
- Dividend Prince Automatic Data Processing Hits Bottom
Receive News & Ratings for RealReal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealReal and related companies with MarketBeat.com's FREE daily email newsletter.
