RealReal (NASDAQ:REAL) Reaches New 52-Week High on Analyst Upgrade

The RealReal, Inc. (NASDAQ:REAL)’s share price reached a new 52-week high during mid-day trading on Tuesday after Northland Securities raised their price target on the stock from $6.50 to $12.50. Northland Securities currently has an outperform rating on the stock. RealReal traded as high as $9.78 and last traded at $9.31, with a volume of 890400 shares changing hands. The stock had previously closed at $9.25.

Several other analysts have also recently issued reports on REAL. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Capmk upgraded RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Finally, UBS Group lifted their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, RealReal presently has a consensus rating of “Moderate Buy” and an average price target of $7.38.

Insider Buying and Selling

In other news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the transaction, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Institutional investors and hedge funds have recently bought and sold shares of the business. Drive Wealth Management LLC bought a new position in shares of RealReal during the second quarter valued at approximately $32,000. Calamos Advisors LLC acquired a new position in RealReal during the 2nd quarter valued at approximately $34,000. Evoke Wealth LLC acquired a new stake in shares of RealReal in the 2nd quarter worth about $36,000. Principal Financial Group Inc. bought a new stake in shares of RealReal during the second quarter valued at approximately $39,000. Finally, Park Edge Advisors LLC acquired a new position in RealReal during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Trading Up 2.8 %

The stock has a market cap of $1.04 billion, a P/E ratio of -10.81 and a beta of 3.09. The stock’s 50-day moving average is $4.76 and its 200-day moving average is $3.68.

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.