RealReal (NASDAQ:REAL) Sets New 12-Month High – Here’s Why

The RealReal, Inc. (NASDAQ:REAL) shares hit a new 52-week high on Friday . The stock traded as high as $4.64 and last traded at $4.57, with a volume of 803490 shares trading hands. The stock had previously closed at $4.48.

Analysts Set New Price Targets

Several brokerages recently commented on REAL. Robert W. Baird reduced their target price on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Wedbush dropped their price target on RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. UBS Group upped their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Northland Securities initiated coverage on shares of RealReal in a research note on Monday, September 16th. They issued an “outperform” rating and a $6.00 price target on the stock. Finally, Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, RealReal presently has an average rating of “Moderate Buy” and a consensus target price of $4.46.

RealReal Trading Up 5.8 %

The firm’s 50-day moving average price is $3.38 and its 200 day moving average price is $3.33. The company has a market capitalization of $519.93 million, a price-to-earnings ratio of -5.39 and a beta of 2.79.

Insider Buying and Selling at RealReal

In other RealReal news, Director Karen Katz sold 33,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total transaction of $86,460.00. Following the completion of the transaction, the director now owns 201,301 shares of the company’s stock, valued at approximately $527,408.62. The trade was a 14.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Drive Wealth Management LLC acquired a new position in shares of RealReal during the second quarter worth $32,000. Calamos Advisors LLC acquired a new position in RealReal in the 2nd quarter worth about $34,000. Evoke Wealth LLC bought a new position in RealReal in the second quarter valued at about $36,000. Principal Financial Group Inc. acquired a new stake in shares of RealReal during the second quarter valued at about $39,000. Finally, Park Edge Advisors LLC bought a new stake in shares of RealReal during the third quarter worth about $41,000. 64.73% of the stock is owned by institutional investors.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.