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

Shares of The RealReal, Inc. (NASDAQ:REAL) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $7.38.

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

Insider Activity

In other 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 transaction 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 represents a 19.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 9.78% of the company’s stock.

Hedge Funds Weigh In On RealReal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortis Group Advisors LLC grew its position in RealReal by 11.0% during the 3rd quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company’s stock worth $244,000 after purchasing an additional 7,686 shares during the period. Drive Wealth Management LLC acquired a new stake in RealReal during the 2nd quarter worth about $32,000. Quantum Private Wealth LLC grew its position 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 purchasing an additional 10,000 shares during the period. Calamos Advisors LLC acquired a new stake in RealReal during the 2nd quarter worth about $34,000. Finally, MetLife Investment Management LLC grew its position in RealReal by 43.9% during the 3rd quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after purchasing an additional 10,981 shares during the period. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Stock Up 2.8 %

Shares of NASDAQ:REAL opened at $9.51 on Wednesday. RealReal has a 52-week low of $1.52 and a 52-week high of $9.78. The stock has a market cap of $1.04 billion, a P/E ratio of -10.81 and a beta of 3.09. The business’s 50 day moving average is $4.76 and its 200 day moving average is $3.68.

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.