RealReal (NASDAQ:REAL) Rating Reiterated by Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of RealReal (NASDAQ:REAL) in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has a $6.00 price objective on the stock.

Separately, UBS Group increased their price target on RealReal from $2.30 to $3.70 and gave the company a neutral rating in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, RealReal has an average rating of Hold and an average target price of $3.76.

RealReal Stock Performance

NASDAQ REAL traded up $0.07 during trading hours on Wednesday, reaching $4.15. The company’s stock had a trading volume of 82,684 shares, compared to its average volume of 3,249,222. The company’s 50-day moving average is $3.45 and its two-hundred day moving average is $2.48. RealReal has a fifty-two week low of $1.10 and a fifty-two week high of $4.35. The stock has a market cap of $439.69 million, a PE ratio of -2.44 and a beta of 2.94.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, February 29th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.04. The business had revenue of $143.37 million for the quarter, compared to analyst estimates of $142.80 million. Equities analysts expect that RealReal will post -0.79 earnings per share for the current fiscal year.

Insider Activity at RealReal

In other RealReal news, President Levesque Rati Sahi sold 30,000 shares of RealReal stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $3.22, for a total value of $96,600.00. Following the sale, the president now owns 1,312,719 shares of the company’s stock, valued at approximately $4,226,955.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Levesque Rati Sahi sold 30,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $3.22, for a total value of $96,600.00. Following the completion of the sale, the president now directly owns 1,312,719 shares in the company, valued at approximately $4,226,955.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James R. Miller sold 21,060 shares of the 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 sale, the director now 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 company insiders.

Institutional Trading of RealReal

A number of institutional investors have recently bought and sold shares of the business. Freedom Wealth Alliance LLC acquired a new position in shares of RealReal in the third quarter valued at $29,000. Atria Wealth Solutions Inc. purchased a new stake in shares of RealReal in the 3rd quarter worth approximately $37,000. Game Plan Financial Advisors LLC boosted its holdings in RealReal by 233.3% in the first quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock worth $39,000 after purchasing an additional 7,000 shares during the last quarter. Crown Wealth Group LLC purchased a new position in shares of RealReal during the 1st quarter valued at $39,000. Finally, Chicago Partners Investment Group LLC bought a new stake in RealReal in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds 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.