The RealReal, Inc. (NASDAQ:REAL) Receives $7.38 Consensus Price Target from Brokerages

The RealReal, Inc. (NASDAQ:REAL) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $7.38.

Several analysts have recently weighed in on the company. Northland Securities lifted their target price on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. UBS Group lifted their price objective on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research note on Monday, September 16th.

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the company’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 completion of the sale, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. This represents a 19.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.78% of the company’s stock.

Hedge Funds Weigh In On RealReal

Large investors have recently bought and sold shares of the business. Calamos Advisors LLC bought a new position in RealReal in the second quarter worth about $34,000. Bank of New York Mellon Corp acquired a new stake in shares of RealReal in the 2nd quarter worth $915,000. Principal Financial Group Inc. purchased a new position in RealReal during the 2nd quarter worth $39,000. Fortis Group Advisors LLC increased its position in RealReal by 38.8% during 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. Finally, Drive Wealth Management LLC acquired a new position in RealReal during the 2nd quarter valued at about $32,000. Institutional investors own 64.73% of the company’s stock.

RealReal Stock Performance

Shares of REAL stock opened at $9.39 on Wednesday. The stock has a 50 day moving average price of $5.09 and a 200 day moving average price of $3.79. RealReal has a 52-week low of $1.52 and a 52-week high of $9.78. The firm has a market capitalization of $1.03 billion, a P/E ratio of -10.67 and a beta of 3.09.

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.