Raymond James analyst Aaron Kessler maintained a Hold rating on RealReal (REAL) yesterday. The company’s shares closed last Monday at $20.31.
According to TipRanks.com, Kessler is a top 100 analyst with an average return of 27.6% and a 72.5% success rate. Kessler covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Viant Technology.
Currently, the analyst consensus on RealReal is a Moderate Buy with an average price target of $30.14, a 32.1% upside from current levels. In a report released today, BTIG also downgraded the stock to Hold.
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Based on RealReal’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $86.27 million and GAAP net loss of $51.34 million. In comparison, last year the company earned revenue of $92.05 million and had a GAAP net loss of $23.06 million.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of REAL in relation to earlier this year.
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The RealReal, Inc. is an online luxury consignment site, which engages in the consignment of luxury goods across multiple categories, including women’s, men’s, kids’, jewelry, and watches, and home and art. The firm sells pieces from designers such as Cartier, Chanel, Christian Louboutin, Gucci, Hermes, Louis Vuitton, Prada, Rolex, Tiffany & Co., and Valentino. The company was founded by Julie Wainwright and Marcy Carmack in March 2011 and is headquartered in San Francisco, CA.