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

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) reached a new 52-week high 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 equities analysts have also issued reports on the stock. Northland Capmk raised shares of 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 lifted their price objective for the company from $4.00 to $15.00 in a report on Monday, December 9th. Finally, 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 research note on Tuesday, November 5th. Two research 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.38.

Insider Activity at RealReal

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction dated Monday, December 2nd. The stock was 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 $2,388,302.50. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 9.78% of the stock is owned by insiders.

Hedge Funds Weigh In On RealReal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Drive Wealth Management LLC purchased a new position in RealReal in the second quarter worth approximately $32,000. Calamos Advisors LLC acquired a new stake in RealReal during the 2nd quarter worth $34,000. Evoke Wealth LLC acquired a new position in RealReal in the 2nd quarter valued at about $36,000. Principal Financial Group Inc. purchased a new stake in shares of RealReal during the second quarter worth approximately $39,000. Finally, Park Edge Advisors LLC purchased a new position in RealReal during the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

RealReal Stock Performance

The firm has a fifty day moving average price of $4.76 and a 200 day moving average price of $3.68. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -10.81 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.