Analysts Set The RealReal, Inc. (NASDAQ:REAL) PT at $7.38

The RealReal, Inc. (NASDAQ:REAL) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $7.38.

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

RealReal Price Performance

REAL opened at $8.03 on Thursday. The firm has a market capitalization of $880.81 million, a PE ratio of -9.13 and a beta of 2.83. The business’s 50-day moving average is $9.03 and its two-hundred day moving average is $5.28. RealReal has a 1 year low of $1.52 and a 1 year high of $11.38.

Insider Buying and Selling

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 391,525 shares in the company, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John E. Koryl sold 396,478 shares of the company’s stock in a transaction on Monday, January 6th. The shares were 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. 9.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RealReal

A number of institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company acquired a new stake in RealReal during the second quarter valued at $123,000. Capricorn Fund Managers Ltd boosted its stake in shares of RealReal by 40.4% during the 3rd quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock worth $4,417,000 after acquiring an additional 404,949 shares in the last quarter. Fortis Group Advisors LLC grew its position in shares of RealReal by 11.0% during the 3rd quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company’s stock valued at $244,000 after acquiring an additional 7,686 shares during the period. Park Edge Advisors LLC purchased a new position in shares of RealReal in the 3rd quarter valued at about $41,000. Finally, Chicago Partners Investment Group LLC raised its holdings in RealReal by 53.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 55,464 shares of the company’s stock worth $163,000 after purchasing an additional 19,215 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.