In a report released yesterday, Stephen J McManus from Nomura maintained a Buy rating on RealReal (REAL), with a price target of $13.00. The company’s shares closed last Wednesday at $11.89.
According to TipRanks.com, McManus is a 3-star analyst with an average return of 19.8% and a 100.0% success rate. McManus covers the Consumer Goods sector, focusing on stocks such as Revolve Group, Carvana Co, and Stitch Fix.
Currently, the analyst consensus on RealReal is a Moderate Buy with an average price target of $16.86.
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Based on RealReal’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $97.32 million and GAAP net loss of $21.38 million. In comparison, last year the company earned revenue of $68.45 million and had a GAAP net loss of $22.18 million.
Based on the recent corporate insider activity of 34 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.
