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

Shares of The RealReal, Inc. (NASDAQ:REAL) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $7.38.

Several research firms have weighed in on REAL. Northland Securities increased their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, UBS Group lifted their target price on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th.

Insider Buying and Selling

In other news, CAO Steve Ming Lo sold 96,666 shares of the business’s 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John E. Koryl sold 396,478 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The disclosure for this sale can be found here. Company insiders own 9.78% of the company’s stock.

Institutional Trading of RealReal

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in RealReal in the second quarter valued at $915,000. Principal Financial Group Inc. acquired a new position in shares of RealReal during the 2nd quarter worth about $39,000. Rhumbline Advisers boosted its stake in shares of RealReal by 4,275.4% during the 2nd quarter. Rhumbline Advisers now owns 125,267 shares of the company’s stock worth $400,000 after buying an additional 122,404 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of RealReal in the 2nd quarter valued at about $1,563,000. Finally, Evoke Wealth LLC acquired a new stake in shares of RealReal in the second quarter valued at about $36,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Trading Up 0.7 %

Shares of NASDAQ:REAL opened at $9.52 on Friday. The firm’s 50 day simple moving average is $7.66 and its 200 day simple moving average is $4.66. RealReal has a fifty-two week low of $1.52 and a fifty-two week high of $11.38.

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.