RealReal (NASDAQ:REAL) Stock Price Up 7.8% – Should You Buy?

The RealReal, Inc. (NASDAQ:REAL)’s stock price traded up 7.8% during mid-day trading on Monday . The stock traded as high as $9.48 and last traded at $9.48. 833,746 shares traded hands during trading, a decline of 69% from the average session volume of 2,679,182 shares. The stock had previously closed at $8.79.

Analysts Set New Price Targets

Several research firms recently commented on REAL. UBS Group boosted 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. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Finally, Northland Securities increased their target price on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $7.38.

RealReal Trading Up 2.8 %

The stock has a market capitalization of $1.04 billion, a PE ratio of -10.81 and a beta of 3.09. The business’s 50-day moving average is $4.76 and its two-hundred day moving average is $3.68.

Insider Activity

In other news, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total value of $589,662.60. Following 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 can be accessed through this hyperlink. Insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Fortis Group Advisors LLC boosted its stake in RealReal by 11.0% in the third quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company’s stock valued at $244,000 after acquiring an additional 7,686 shares during the period. Drive Wealth Management LLC acquired a new position in RealReal during the 2nd quarter valued at approximately $32,000. Quantum Private Wealth LLC grew its stake 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 buying an additional 10,000 shares during the last quarter. Calamos Advisors LLC acquired a new stake in RealReal in the second quarter worth $34,000. Finally, MetLife Investment Management LLC increased its position in RealReal by 43.9% in the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after buying an additional 10,981 shares during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.

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.