The RealReal, Inc. (NASDAQ:REAL) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $7.38.

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their target price on RealReal from $3.00 to $3.25 and gave the stock a "neutral" rating in a research 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 company from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Capmk upgraded shares of RealReal to a "strong-buy" rating in a research report on Monday, September 16th. Finally, Northland Securities increased their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a report on Tuesday.

Insiders Place Their Bets

In related news, CAO Steve Ming Lo sold 96,666 shares of the firm's stock in a transaction 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 sale, the chief accounting officer now directly owns 391,525 shares in the company, valued at $2,388,302.50. This trade represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.78% of the company's stock.

Institutional Trading of RealReal

Hedge funds and other institutional investors have recently modified their holdings of the company. Anchorage Capital Advisors L.P. acquired a new stake in RealReal in the 3rd quarter valued at approximately $10,675,000. Renaissance Technologies LLC acquired a new stake in shares of RealReal in the second quarter valued at approximately $1,563,000. Capricorn Fund Managers Ltd lifted its position in shares of RealReal by 40.4% in 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 in the last quarter. Walleye Capital LLC acquired a new position in RealReal during the third quarter worth $1,163,000. Finally, NewEdge Advisors LLC grew its position in RealReal by 309.9% in the second quarter. NewEdge Advisors LLC now owns 435,554 shares of the company's stock valued at $1,389,000 after purchasing an additional 329,303 shares in the last quarter. Institutional investors and hedge funds own 64.73% of the company's stock.

RealReal Stock Performance

Shares of NASDAQ REAL traded down $0.95 during trading on Wednesday, reaching $8.56. The company had a trading volume of 3,872,869 shares, compared to its average volume of 2,696,561. RealReal has a 52 week low of $1.52 and a 52 week high of $9.78. The business's 50 day moving average price is $4.86 and its 200-day moving average price is $3.72. The stock has a market cap of $938.95 million, a PE ratio of -9.73 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.