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

Shares of The RealReal, Inc. (NASDAQ:REAL) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $4.46.

A number of equities analysts have recently issued reports on REAL shares. Northland Capmk raised RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Robert W. Baird reduced their price target on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Wedbush reduced their price target on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. UBS Group upped their price target on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Northland Securities initiated coverage on shares of RealReal in a report on Monday, September 16th. They set an “outperform” rating and a $6.00 price objective on the stock.

RealReal Stock Up 5.8 %

Shares of NASDAQ:REAL opened at $4.74 on Friday. The company has a market capitalization of $519.94 million, a price-to-earnings ratio of -5.39 and a beta of 2.79. RealReal has a 52 week low of $1.52 and a 52 week high of $4.74. The firm has a 50 day moving average of $3.38 and a 200 day moving average of $3.34.

Insider Buying and Selling at RealReal

In other RealReal news, Director Karen Katz sold 33,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total value of $86,460.00. Following the sale, the director now directly owns 201,301 shares of the company’s stock, valued at approximately $527,408.62. This represents a 14.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RealReal

Hedge funds have recently added to or reduced their stakes in the business. Anchorage Capital Advisors L.P. acquired a new position in shares of RealReal in the third quarter worth about $10,675,000. Renaissance Technologies LLC acquired a new position in shares of RealReal in the second quarter worth about $1,563,000. AWM Investment Company Inc. acquired a new position in shares of RealReal in the first quarter worth about $1,862,000. Capricorn Fund Managers Ltd raised its position in shares of RealReal by 40.4% in the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock worth $4,417,000 after acquiring an additional 404,949 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of RealReal in the third quarter worth about $1,163,000. 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.