The RealReal, Inc. (NASDAQ:REAL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $4.46.

Several research firms recently weighed in on REAL. UBS Group upped their price target 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 assumed coverage on RealReal in a research note on Monday, September 16th. They set an “outperform” rating and a $6.00 target price on the stock. Northland Capmk upgraded RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Robert W. Baird dropped their price target on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Wedbush dropped their price target on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $4.74 on Friday. RealReal has a 52-week low of $1.52 and a 52-week high of $4.74. The firm has a market capitalization of $519.94 million, a P/E ratio of -5.39 and a beta of 2.79. The stock has a 50 day moving average price of $3.38 and a 200-day moving average price of $3.34.

Insider Buying and Selling at RealReal

In other RealReal news, Director Karen Katz sold 33,000 shares of the business’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 completion of the transaction, the director now owns 201,301 shares in the company, valued at $527,408.62. The trade was a 14.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Drive Wealth Management LLC bought a new stake in shares of RealReal during the second quarter valued at approximately $32,000. Calamos Advisors LLC bought a new stake in shares of RealReal during the second quarter valued at approximately $34,000. Evoke Wealth LLC bought a new stake in shares of RealReal during the second quarter valued at approximately $36,000. Principal Financial Group Inc. bought a new position in RealReal in the second quarter worth approximately $39,000. Finally, Park Edge Advisors LLC bought a new position in RealReal in the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

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.