Northland Securities Issues Positive Forecast for RealReal (NASDAQ:REAL) Stock Price

RealReal (NASDAQ:REAL) had its price target upped by Northland Securities from $6.50 to $12.50 in a report released on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued research reports about the company. Northland Capmk upgraded RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $4.00 to $15.00 in a report on Monday, December 9th. Finally, UBS Group boosted their target price on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, RealReal currently has an average rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $9.51 on Tuesday. RealReal has a 1 year low of $1.52 and a 1 year high of $9.78. The firm has a market capitalization of $1.04 billion, a PE ratio of -10.81 and a beta of 3.09. The business’s 50 day moving average price is $4.76 and its 200-day moving average price is $3.68.

Insider Buying and Selling at RealReal

In related 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 value of $589,662.60. Following the completion of the sale, the chief accounting officer now owns 391,525 shares in the company, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Anchorage Capital Advisors L.P. purchased a new stake in shares of RealReal in the 3rd quarter valued at $10,675,000. Renaissance Technologies LLC acquired a new position in shares of RealReal in the second quarter valued at approximately $1,563,000. Capricorn Fund Managers Ltd grew its holdings in shares of RealReal by 40.4% in the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock valued at $4,417,000 after purchasing an additional 404,949 shares in the last quarter. Walleye Capital LLC purchased a new stake in RealReal during the 3rd quarter worth approximately $1,163,000. Finally, NewEdge Advisors LLC lifted its holdings in RealReal by 309.9% during the 2nd quarter. NewEdge Advisors LLC now owns 435,554 shares of the company’s stock worth $1,389,000 after buying an additional 329,303 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.