RealReal (NASDAQ:REAL) Reaches New 12-Month High – Time to Buy?

The RealReal, Inc. (NASDAQ:REAL) shares reached a new 52-week high during trading on Thursday . The company traded as high as $6.16 and last traded at $6.15, with a volume of 2487644 shares changing hands. The stock had previously closed at $5.90.

Analyst Ratings Changes

Several brokerages have commented on REAL. UBS Group upped their price objective on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Northland Securities started coverage on RealReal in a research report on Monday, September 16th. They issued an “outperform” rating and a $6.00 target price for the company. Finally, Northland Capmk raised 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4.46.

RealReal Trading Up 5.2 %

The stock has a market capitalization of $706.40 million, a PE ratio of -7.32 and a beta of 3.09. The business’s 50 day moving average is $3.86 and its 200 day moving average is $3.44.

Insider Buying and Selling at RealReal

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the sale, the chief accounting officer now owns 391,525 shares in the company, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.78% of the company’s stock.

Institutional Trading of RealReal

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of RealReal by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock valued at $16,039,000 after buying an additional 18,352 shares in the last quarter. Calamos Advisors LLC purchased a new position in RealReal during the second quarter valued at $34,000. Bank of New York Mellon Corp purchased a new position in RealReal during the second quarter valued at $915,000. Principal Financial Group Inc. purchased a new position in RealReal in the 2nd quarter valued at about $39,000. Finally, Fortis Group Advisors LLC lifted its stake in RealReal by 38.8% in the 2nd quarter. Fortis Group Advisors LLC now owns 69,949 shares of the company’s stock valued at $223,000 after buying an additional 19,553 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

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.