B.Riley FBR analyst Susan Anderson maintained a Hold rating on RealReal (REAL) today and set a price target of $7.00. The company’s shares closed last Tuesday at $7.99, close to its 52-week low of $5.00.
According to TipRanks.com, Anderson is ranked 0 out of 5 stars with an average return of -10.6% and a 32.0% success rate. Anderson covers the Consumer Goods sector, focusing on stocks such as Turning Point Brands, G-III Apparel Group, and Lululemon Athletica.
RealReal has an analyst consensus of Moderate Buy, with a price target consensus of $16.83, a 108.8% upside from current levels. In a report released today, Needham also maintained a Hold rating on the stock.
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The company has a one-year high of $30.05 and a one-year low of $5.00. Currently, RealReal has an average volume of 2.1M.
Based on the recent corporate insider activity of 28 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.
