The RealReal, Inc. (NASDAQ:REAL) Receives $7.38 Average PT from Brokerages

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

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised shares of RealReal from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $4.00 to $15.00 in a research report on Monday, December 9th. UBS Group upped their target price on RealReal from $3.00 to $3.25 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, Northland Securities raised their price target on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a report on Tuesday, December 17th.

Insider Activity

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the transaction, the chief accounting officer now owns 391,525 shares of the company's stock, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction 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 Trading of RealReal

Several institutional investors have recently modified their holdings of the company. Park Edge Advisors LLC bought a new stake in shares of RealReal in the 3rd quarter worth approximately $41,000. R Squared Ltd bought a new position in shares of RealReal in the fourth quarter valued at $49,000. XTX Topco Ltd acquired a new stake in shares of RealReal during the 3rd quarter valued at $63,000. Intech Investment Management LLC bought a new stake in shares of RealReal during the 3rd quarter worth $88,000. Finally, MetLife Investment Management LLC raised its position in shares of RealReal by 43.9% during the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company's stock worth $113,000 after purchasing an additional 10,981 shares during the period. Institutional investors and hedge funds own 64.73% of the company's stock.

RealReal Stock Down 0.6 %

REAL stock traded down $0.05 during trading on Thursday, hitting $8.54. 1,735,915 shares of the company's stock traded hands, compared to its average volume of 2,897,770. The stock has a market capitalization of $936.75 million, a price-to-earnings ratio of -9.70 and a beta of 2.83. RealReal has a 52 week low of $1.52 and a 52 week high of $11.38. The stock has a fifty day moving average price of $8.92 and a two-hundred day moving average price of $5.20.

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.