RealReal (NASDAQ:REAL) Sets New 12-Month High – Time to Buy?

The RealReal, Inc. (NASDAQ:REAL)’s stock price hit a new 52-week high on Friday . The stock traded as high as $4.64 and last traded at $4.57, with a volume of 803490 shares traded. The stock had previously closed at $4.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wedbush dropped their price target on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Northland Securities started coverage on RealReal in a report on Monday, September 16th. They set an “outperform” rating and a $6.00 price objective on the stock. Robert W. Baird cut their price target on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. UBS Group increased their price objective on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, RealReal has a consensus rating of “Moderate Buy” and an average price target of $4.46.

RealReal Stock Up 5.8 %

The stock’s fifty day moving average price is $3.38 and its 200-day moving average price is $3.33. The company has a market capitalization of $519.93 million, a price-to-earnings ratio of -5.39 and a beta of 2.79.

Insider Activity

In other news, Director Karen Katz sold 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total transaction of $86,460.00. Following the sale, the director now owns 201,301 shares in the company, valued at $527,408.62. This represents a 14.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 9.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RealReal

A number of institutional investors have recently added to or reduced their stakes in REAL. Anchorage Capital Advisors L.P. bought a new position in shares of RealReal in the 3rd quarter valued at about $10,675,000. Renaissance Technologies LLC acquired a new stake in RealReal in the 2nd quarter valued at about $1,563,000. AWM Investment Company Inc. bought a new position in RealReal during the first quarter worth about $1,862,000. Capricorn Fund Managers Ltd increased its position in RealReal by 40.4% during the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock worth $4,417,000 after buying an additional 404,949 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in RealReal in the third quarter valued at approximately $1,163,000. 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.