Northland Securities Forecasts Strong Price Appreciation for RealReal (NASDAQ:REAL) Stock

RealReal (NASDAQ:REAL - Get Free Report) had its price objective upped by investment analysts at Northland Securities from $6.50 to $12.50 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Northland Securities' price objective would suggest a potential upside of 31.44% from the stock's current price.

A number of other research firms have also recently weighed in on REAL. UBS Group raised their price target 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 raised RealReal from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $4.00 to $15.00 in a research report on Monday, December 9th. Finally, Northland Capmk raised RealReal to a "strong-buy" rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.38.

RealReal Price Performance

RealReal stock traded up $0.26 during mid-day trading on Tuesday, reaching $9.51. The stock had a trading volume of 2,500,297 shares, compared to its average volume of 2,691,719. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -10.51 and a beta of 3.09. RealReal has a one year low of $1.52 and a one year high of $9.78. The company has a 50-day moving average price of $4.64 and a two-hundred day moving average price of $3.65.

Insiders Place Their Bets

In other news, CAO Steve Ming Lo sold 96,666 shares of RealReal 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 directly owns 391,525 shares in the company, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Anchorage Capital Advisors L.P. purchased a new position in RealReal during the third quarter worth approximately $10,675,000. Woodson Capital Management LP grew its stake in RealReal by 2.9% during the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company's stock worth $16,956,000 after buying an additional 150,000 shares during the period. Geode Capital Management LLC grew its stake in RealReal by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company's stock worth $7,204,000 after purchasing an additional 44,716 shares in the last quarter. State Street Corp grew its stake in shares of RealReal by 22.3% in the third quarter. State Street Corp now owns 1,701,387 shares of the company's stock worth $5,342,000 after purchasing an additional 310,116 shares in the last quarter. Finally, Capricorn Fund Managers Ltd raised its position in shares of RealReal by 40.4% during the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company's stock worth $4,417,000 after purchasing an additional 404,949 shares during the period. 64.73% of the stock is currently owned by 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.