RealReal (NASDAQ:REAL) Stock Price Expected to Rise, Northland Securities Analyst Says

RealReal (NASDAQ:REAL) had its price objective hoisted by stock analysts at Northland Securities from $6.50 to $12.50 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price target would indicate a potential upside of 46.03% from the stock’s current price.

Several other brokerages have also issued reports on REAL. Northland Capmk upgraded RealReal to a “strong-buy” rating in a report on Monday, September 16th. UBS Group increased 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. Finally, Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $4.00 to $15.00 in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, RealReal has an average rating of “Moderate Buy” and a consensus price target of $7.38.

RealReal Trading Down 10.0 %

Shares of NASDAQ:REAL opened at $8.56 on Tuesday. RealReal has a 1 year low of $1.52 and a 1 year high of $9.78. The business has a fifty day simple moving average of $4.86 and a 200 day simple moving average of $3.72. The firm has a market cap of $938.95 million, a price-to-earnings ratio of -9.73 and a beta of 3.09.

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Institutional investors have recently added to or reduced their stakes in the company. Drive Wealth Management LLC acquired a new stake in RealReal during the second quarter worth about $32,000. Calamos Advisors LLC acquired a new stake in RealReal during the second quarter worth about $34,000. Evoke Wealth LLC acquired a new stake in RealReal during the second quarter worth about $36,000. Principal Financial Group Inc. acquired a new stake in RealReal during the second quarter worth about $39,000. Finally, Park Edge Advisors LLC acquired a new stake in RealReal during the third quarter worth about $41,000. 64.73% of the stock is owned by institutional investors and hedge funds.

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.