Roth MKM Remains a Buy on RealReal (REAL)
In a report released today, Matt Koranda from Roth MKM maintained a Buy rating on RealReal, with a price target of $18.50.
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Koranda covers the Consumer Cyclical sector, focusing on stocks such as Gentherm, RealReal, and Kits Eyecare. According to TipRanks, Koranda has an average return of 0.1% and a 39.16% success rate on recommended stocks.
Currently, the analyst consensus on RealReal is a Strong Buy with an average price target of $17.93.
Based on RealReal’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $194.05 million and a GAAP net loss of $38.78 million. In comparison, last year the company earned a revenue of $164 million and had a GAAP net loss of $68.46 million
Based on the recent corporate insider activity of 57 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. Last month, Ajay Madan Gopal, the CFO of REAL sold 51,585.00 shares for a total of $479,224.65.
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