RealReal (NASDAQ:REAL) Reaches New 1-Year High - Here's Why

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $10.04 and last traded at $10.04, with a volume of 907303 shares traded. The stock had previously closed at $9.33.

Analysts Set New Price Targets

Several research firms recently weighed in on REAL. Northland Securities upped their price objective on shares of RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. Northland Capmk raised RealReal to a "strong-buy" rating in a report on Monday, September 16th. Wells Fargo & Company raised shares of RealReal from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, UBS Group boosted their target price on shares of RealReal from $3.00 to $3.25 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Two research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $7.38.

RealReal Price Performance

The company has a market capitalization of $1.21 billion, a P/E ratio of -12.49 and a beta of 3.08. The stock has a 50-day moving average price of $5.46 and a 200-day moving average price of $3.91.

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the firm'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 transaction 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 $2,388,302.50. This trade represents a 19.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 9.78% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Drive Wealth Management LLC acquired a new stake in shares of RealReal in the 2nd quarter valued at about $32,000. Evoke Wealth LLC bought a new stake in shares of RealReal in the 2nd quarter worth $36,000. Principal Financial Group Inc. purchased a new stake in shares of RealReal in the second quarter valued at about $39,000. Park Edge Advisors LLC bought a new position in shares of RealReal during the third quarter valued at about $41,000. Finally, XTX Topco Ltd purchased a new position in RealReal during the third quarter worth about $63,000. 64.73% of the stock is owned by 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.