The RealReal, Inc. (NASDAQ:REAL) Receives $7.38 Average Target Price from Analysts

Shares of The RealReal, Inc. (NASDAQ:REAL) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are 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 given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $7.38.

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

Insider Transactions at RealReal

In related news, CEO John E. Koryl sold 396,478 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were 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 $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.78% of the company’s stock.

Institutional Trading of RealReal

A number of institutional investors and hedge funds have recently modified their holdings of REAL. Fortis Group Advisors LLC boosted 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 in the last quarter. Quantum Private Wealth LLC grew its holdings in RealReal by 6.1% during the 3rd quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock worth $544,000 after acquiring an additional 10,000 shares during the last quarter. MetLife Investment Management LLC increased its holdings 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 purchasing an additional 10,981 shares in the last quarter. Evoke Wealth LLC bought a new stake in shares of RealReal during the second quarter worth $36,000. Finally, Principal Financial Group Inc. acquired a new position in RealReal during the 2nd quarter valued at about $39,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Stock Performance

RealReal stock opened at $8.58 on Friday. The company has a market capitalization of $941.15 million, a P/E ratio of -9.75 and a beta of 2.87. RealReal has a fifty-two week low of $1.52 and a fifty-two week high of $11.38. The stock has a 50-day simple moving average of $7.32 and a 200-day simple moving average of $4.55.

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.