RealReal (NASDAQ:REAL) Price Target Increased to $4.00 by Analysts at Wells Fargo & Company

RealReal (NASDAQ:REAL) had its price objective boosted by Wells Fargo & Company from $2.00 to $4.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other research analysts have also recently issued reports about the company. Needham & Company LLC reissued a buy rating and set a $6.00 target price on shares of RealReal in a research note on Wednesday. UBS Group lifted their price target on RealReal from $2.30 to $3.70 and gave the stock a neutral rating in a report on Friday, April 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, RealReal presently has an average rating of Hold and an average target price of $3.76.

RealReal Stock Up 5.4 %

Shares of NASDAQ REAL traded up $0.22 during midday trading on Wednesday, hitting $4.30. The stock had a trading volume of 487,171 shares, compared to its average volume of 3,250,993. The company has a market capitalization of $455.59 million, a PE ratio of -2.44 and a beta of 2.94. The stock has a 50 day simple moving average of $3.45 and a 200-day simple moving average of $2.48. RealReal has a 1 year low of $1.10 and a 1 year high of $4.35.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.04. The company had revenue of $143.37 million for the quarter, compared to analysts’ expectations of $142.80 million. As a group, analysts expect that RealReal will post -0.79 earnings per share for the current fiscal year.

Insider Activity at RealReal

In other RealReal news, Director James R. Miller sold 21,060 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $3.91, for a total transaction of $82,344.60. Following the transaction, the director now owns 160,492 shares in the company, valued at approximately $627,523.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RealReal news, Director Karen Katz bought 6,500 shares of the business’s stock in a transaction on Friday, March 8th. The shares were purchased at an average price of $3.85 per share, with a total value of $25,025.00. Following the completion of the acquisition, the director now directly owns 183,476 shares of the company’s stock, valued at approximately $706,382.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Miller sold 21,060 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $3.91, for a total transaction of $82,344.60. Following the completion of the transaction, the director now directly owns 160,492 shares in the company, valued at approximately $627,523.72. The disclosure for this sale can be found here. 9.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RealReal

Hedge funds have recently made changes to their positions in the business. Game Plan Financial Advisors LLC raised its holdings in shares of RealReal by 233.3% during the first quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock valued at $39,000 after buying an additional 7,000 shares during the last quarter. Crown Wealth Group LLC acquired a new position in shares of RealReal during the first quarter valued at approximately $39,000. Strata Wealth Advisors LLC acquired a new position in shares of RealReal during the first quarter valued at approximately $43,000. Freedom Wealth Alliance LLC acquired a new position in shares of RealReal during the third quarter valued at approximately $29,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of RealReal during the third quarter valued at approximately $37,000. Institutional investors own 64.73% of the company’s stock.

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.