The RealReal, Inc. (NASDAQ:REAL) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $4.46.

A number of equities analysts have recently issued reports on REAL shares. UBS Group upped their price objective on RealReal from $3.00 to $3.25 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Wedbush cut their target price on RealReal from $4.50 to $4.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. Northland Capmk raised shares of RealReal to a "strong-buy" rating in a research note on Monday, September 16th. Northland Securities initiated coverage on shares of RealReal in a report on Monday, September 16th. They issued an "outperform" rating and a $6.00 price objective for the company. Finally, Robert W. Baird reduced their target price on shares of RealReal from $4.00 to $3.50 and set a "neutral" rating on the stock in a report on Wednesday, August 7th.

RealReal Stock Up 5.8 %

Shares of NASDAQ REAL traded up $0.26 during mid-day trading on Friday, reaching $4.74. 2,266,329 shares of the company were exchanged, compared to its average volume of 2,773,721. RealReal has a 52 week low of $1.52 and a 52 week high of $4.74. The company's 50 day moving average price is $3.38 and its 200 day moving average price is $3.33. The stock has a market capitalization of $519.93 million, a PE ratio of -5.39 and a beta of 2.79.

Insider Buying and Selling at RealReal

In other RealReal news, Director Karen Katz sold 33,000 shares of the firm's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total value of $86,460.00. Following the sale, the director now owns 201,301 shares of the company's stock, valued at $527,408.62. This trade represents a 14.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.78% of the company's stock.

Institutional Trading of RealReal

A number of institutional investors have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. bought a new position in RealReal during the 1st quarter valued at approximately $674,000. Anthracite Investment Company Inc. raised its holdings in shares of RealReal by 62.0% during the third quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company's stock valued at $2,340,000 after acquiring an additional 285,304 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of RealReal during the second quarter valued at approximately $1,563,000. Bank of New York Mellon Corp purchased a new stake in RealReal in the second quarter worth $915,000. Finally, Vanguard Group Inc. boosted its holdings in RealReal by 0.4% in the first quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company's stock valued at $16,039,000 after acquiring an additional 18,352 shares in the last quarter. 64.73% of the stock is currently owned by hedge funds and other 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.