The RealReal, Inc. (NASDAQ:REAL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The RealReal, Inc. (NASDAQ:REAL) have been assigned an average rating of “Moderate Buy” from the seven analysts 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 1 year price target among analysts that have covered the stock in the last year is $7.38.

Several equities analysts have recently issued reports on the stock. Northland Securities raised their price target on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Capmk upgraded RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Finally, UBS Group raised their price objective on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th.

Insider Activity

In related news, CAO Steve Ming Lo sold 96,666 shares of the stock in a transaction on Monday, December 2nd. The stock was 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 directly owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. This represents a 19.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction 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

Institutional investors and hedge funds have recently made changes to their positions in the company. Evoke Wealth LLC bought a new stake in RealReal in the 2nd quarter worth about $36,000. Principal Financial Group Inc. purchased a new stake in shares of RealReal during the second quarter valued at approximately $39,000. Park Edge Advisors LLC bought a new stake in RealReal during the third quarter worth $41,000. XTX Topco Ltd purchased a new position in RealReal in the third quarter worth $63,000. Finally, Intech Investment Management LLC bought a new position in RealReal in the 3rd quarter valued at $88,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Stock Performance

NASDAQ:REAL opened at $8.73 on Friday. The stock’s 50-day moving average is $7.12 and its 200-day moving average is $4.47. RealReal has a 1-year low of $1.52 and a 1-year high of $11.38. The stock has a market cap of $957.60 million, a P/E ratio of -9.92 and a beta of 2.87.

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.