RealReal (NASDAQ:REAL) Price Target Raised to $12.50

RealReal (NASDAQ:REAL) had its price objective upped by Northland Securities from $6.50 to $12.50 in a report published on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. UBS Group lifted their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Stock Performance

Shares of RealReal stock opened at $8.82 on Tuesday. The firm has a 50-day moving average of $4.97 and a 200-day moving average of $3.75. RealReal has a 52-week low of $1.52 and a 52-week high of $9.78. The stock has a market cap of $967.47 million, a PE ratio of -10.02 and a beta of 3.09.

Insider Buying and Selling at RealReal

In other RealReal 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 transaction of $589,662.60. Following the completion of the transaction, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Several hedge funds and other institutional investors have recently made changes to their positions in REAL. Anchorage Capital Advisors L.P. bought a new position in RealReal in the 3rd quarter valued at approximately $10,675,000. Woodson Capital Management LP increased its holdings in shares of RealReal by 2.9% during the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after buying an additional 150,000 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock valued at $7,204,000 after acquiring an additional 44,716 shares during the last quarter. State Street Corp boosted its holdings in shares of 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 in the last quarter. Finally, Capricorn Fund Managers Ltd grew its position in RealReal by 40.4% during the 3rd quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock worth $4,417,000 after acquiring an additional 404,949 shares during the last quarter. 64.73% of the stock is owned by institutional investors.

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.