The RealReal, Inc. (NASDAQ:REAL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $7.38.

Several equities analysts have recently issued reports on REAL shares. Northland Securities boosted their target price on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. UBS Group boosted their price objective on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $4.00 to $15.00 in a research report on Monday, December 9th.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $9.45 on Friday. The stock’s 50-day moving average is $7.43 and its 200 day moving average is $4.58. The company has a market cap of $1.04 billion, a PE ratio of -10.74 and a beta of 2.87. RealReal has a 1 year low of $1.52 and a 1 year high of $11.38.

Insider Buying and Selling

In other news, CEO John E. Koryl sold 396,478 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Steve Ming Lo sold 96,666 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total value of $589,662.60. Following the transaction, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their position. The disclosure for this sale can be found here. 9.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On RealReal

A number of institutional investors have recently modified their holdings of the stock. Anchorage Capital Advisors L.P. bought a new position in RealReal in the 3rd quarter worth about $10,675,000. Renaissance Technologies LLC bought a new position in shares of RealReal in the second quarter worth approximately $1,563,000. Capricorn Fund Managers Ltd grew its holdings in shares of RealReal by 40.4% during the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock valued at $4,417,000 after buying an additional 404,949 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of RealReal during the third quarter valued at approximately $1,163,000. Finally, NewEdge Advisors LLC raised its holdings in RealReal by 309.9% in the 2nd quarter. NewEdge Advisors LLC now owns 435,554 shares of the company’s stock worth $1,389,000 after acquiring an additional 329,303 shares during the last quarter. 64.73% of the stock is owned by hedge funds and other 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.