B. Riley Securities Sticks to Its Buy Rating for RealReal (REAL)
In a report released today, Anna Glaessgen from B. Riley Securities maintained a Buy rating on RealReal, with a price target of $17.00.
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Glaessgen covers the Consumer Cyclical sector, focusing on stocks such as RealReal, Ulta Beauty, and Malibu Boats. According to TipRanks, Glaessgen has an average return of -9.1% and a 37.18% success rate on recommended stocks.
RealReal has an analyst consensus of Strong Buy, with a price target consensus of $15.50.
Based on RealReal’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $173.57 million and a GAAP net loss of $54.05 million. In comparison, last year the company earned a revenue of $147.76 million and had a GAAP net loss of $17.94 million
Based on the recent corporate insider activity of 59 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. Earlier this month, Steve Ming Lo, the CAO of REAL sold 62,355.00 shares for a total of $896,422.79.
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