RealReal (NASDAQ:REAL) Hits New 52-Week High - What's Next?

The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $5.92 and last traded at $5.88, with a volume of 1936555 shares traded. The stock had previously closed at $5.76.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird lowered their target price on RealReal from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Northland Capmk upgraded shares of RealReal to a "strong-buy" rating in a report on Monday, September 16th. Wedbush reduced their target price on shares of RealReal from $4.50 to $4.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. Northland Securities began coverage on shares of RealReal in a research report on Monday, September 16th. They set an "outperform" rating and a $6.00 price target for the company. Finally, UBS Group upped their price objective on shares of RealReal from $3.00 to $3.25 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, RealReal currently has a consensus rating of "Moderate Buy" and an average target price of $4.46.

RealReal Trading Up 2.1 %

The firm has a market capitalization of $644.98 million, a P/E ratio of -6.68 and a beta of 2.79. The business's 50 day simple moving average is $3.63 and its two-hundred day simple moving average is $3.38.

Hedge Funds Weigh In On RealReal

Institutional investors and hedge funds have recently modified their holdings of the stock. Anchorage Capital Advisors L.P. bought a new stake in RealReal in the third quarter worth $10,675,000. Woodson Capital Management LP raised its stake in shares of RealReal by 2.9% in the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company's stock valued at $16,956,000 after acquiring an additional 150,000 shares during the period. Vanguard Group Inc. lifted its holdings in shares of RealReal by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company's stock worth $16,039,000 after acquiring an additional 18,352 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company's stock worth $7,204,000 after acquiring an additional 44,716 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of RealReal by 22.3% during the 3rd 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 during the period. Hedge funds and other institutional investors own 64.73% of the company's stock.

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.