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

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $7.38.

A number of equities analysts have commented on the stock. 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 report on Tuesday, November 5th. Northland Capmk upgraded shares of RealReal to a "strong-buy" rating in a report on Monday, September 16th. Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Finally, Northland Securities boosted their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a report on Tuesday, December 17th.

Insiders Place Their Bets

In other news, CAO Steve Ming Lo sold 96,666 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction 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 approximately $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John E. Koryl sold 396,478 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The disclosure for this sale can be found here. Corporate insiders own 9.78% of the company's stock.

Institutional Investors Weigh In On RealReal

Large investors have recently modified their holdings of the stock. Fortis Group Advisors LLC grew its holdings in RealReal by 11.0% during the third quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company's stock worth $244,000 after acquiring an additional 7,686 shares during the period. Quantum Private Wealth LLC lifted its position in shares of RealReal by 6.1% in the third quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company's stock valued at $544,000 after acquiring an additional 10,000 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of RealReal by 43.9% in the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company's stock valued at $113,000 after acquiring an additional 10,981 shares in the last quarter. Evoke Wealth LLC purchased a new position in RealReal during the second quarter worth about $36,000. Finally, Principal Financial Group Inc. purchased a new position in RealReal during the second quarter worth about $39,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

RealReal Stock Performance

Shares of REAL remained flat at $8.73 during trading hours on Friday. 2,489,329 shares of the stock were exchanged, compared to its average volume of 4,103,087. The stock has a 50-day moving average of $7.12 and a two-hundred day moving average of $4.47. The stock has a market capitalization of $957.60 million, a price-to-earnings ratio of -9.92 and a beta of 2.87. RealReal has a 1 year low of $1.52 and a 1 year high of $11.38.

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.