Brokerages Set The RealReal, Inc. (NASDAQ:REAL) PT at $4.46

The RealReal, Inc. (NASDAQ:REAL) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $4.46.

REAL has been the topic of several recent research reports. UBS Group raised their target price on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Wedbush dropped their target price on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Northland Capmk upgraded RealReal to a “strong-buy” rating in a report on Monday, September 16th. Robert W. Baird decreased their target price on RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Northland Securities started coverage on shares of RealReal in a research report on Monday, September 16th. They issued an “outperform” rating and a $6.00 price target on the stock.

RealReal Stock Up 8.9 %

RealReal stock opened at $5.76 on Friday. The business’s 50-day simple moving average is $3.52 and its 200 day simple moving average is $3.36. The stock has a market cap of $631.82 million, a price-to-earnings ratio of -6.55 and a beta of 2.79. RealReal has a 12-month low of $1.52 and a 12-month high of $5.82.

Institutional Trading of RealReal

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

About RealReal

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.