Analysts Set The RealReal, Inc. (NASDAQ:REAL) PT at $4.46

The RealReal, Inc. (NASDAQ:REAL) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $4.46.

REAL has been the subject of a number of research analyst reports. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a report on Monday, September 16th. Wedbush reduced their price target on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Northland Securities started coverage on RealReal in a report on Monday, September 16th. They issued an “outperform” rating and a $6.00 price target on the stock. Robert W. Baird reduced their price objective on RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, UBS Group upped their target price on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th.

RealReal Stock Performance

NASDAQ:REAL opened at $5.33 on Friday. RealReal has a 1 year low of $1.52 and a 1 year high of $5.34. The stock has a fifty day moving average price of $3.43 and a two-hundred day moving average price of $3.34. The stock has a market capitalization of $584.65 million, a price-to-earnings ratio of -6.06 and a beta of 2.79.

Insiders Place Their Bets

In related news, Director Karen Katz sold 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were 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 of the company’s stock, valued at approximately $527,408.62. This represents a 14.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.78% of the company’s stock.

Hedge Funds Weigh In On RealReal

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC increased its holdings in RealReal by 306.7% during the 3rd quarter. Barclays PLC now owns 136,262 shares of the company’s stock worth $428,000 after purchasing an additional 102,759 shares during the last quarter. Geode Capital Management LLC grew its position in shares of RealReal by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock worth $7,204,000 after buying an additional 44,716 shares in the last quarter. XTX Topco Ltd acquired a new stake in RealReal in the third quarter valued at $63,000. Wexford Capital LP acquired a new stake in RealReal in the third quarter valued at $942,000. Finally, State Street Corp boosted its stake in RealReal by 22.3% during the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after acquiring an additional 310,116 shares during the last quarter. 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.