In a report released today, Lauren Cassel from Morgan Stanley maintained a Hold rating on RealReal (REAL), with a price target of $17.00. The company’s shares closed last Friday at $25.94, close to its 52-week high of $28.81.
According to TipRanks.com, Cassel ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -25.2% and a 68.8% success rate. Cassel covers the Consumer Goods sector, focusing on stocks such as Casper Sleep, Stitch Fix, and Chewy.
RealReal has an analyst consensus of Moderate Buy, with a price target consensus of $23.14, implying a -14.6% downside from current levels. In a report issued on January 8, Stifel Nicolaus also downgraded the stock to Hold with a $22.00 price target.
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The company has a one-year high of $28.81 and a one-year low of $5.00. Currently, RealReal has an average volume of 2.07M.
Based on the recent corporate insider activity of 93 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.