Brokerages Set The RealReal, Inc. (NASDAQ:REAL) PT at $7.38

Shares of The RealReal, Inc. (NASDAQ:REAL) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $7.38.

REAL has been the subject of several research analyst reports. UBS Group upped their target price on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Securities raised their price objective on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Northland Capmk raised RealReal to a “strong-buy” rating in a report on Monday, September 16th.

RealReal Stock Up 6.5 %

Shares of REAL opened at $9.39 on Wednesday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -10.67 and a beta of 3.09. RealReal has a 52-week low of $1.52 and a 52-week high of $9.78. The stock has a 50 day moving average price of $5.09 and a 200 day moving average price of $3.79.

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 391,525 shares in the company, valued at $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RealReal

Several institutional investors have recently bought and sold shares of the company. Anchorage Capital Advisors L.P. acquired a new stake in shares of RealReal in the 3rd quarter worth $10,675,000. Woodson Capital Management LP lifted its position in RealReal by 2.9% in the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock valued at $16,956,000 after purchasing an additional 150,000 shares during the period. Geode Capital Management LLC lifted its position in RealReal by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock valued at $7,204,000 after purchasing an additional 44,716 shares during the period. State Street Corp boosted its holdings in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after purchasing an additional 310,116 shares in the last quarter. Finally, Capricorn Fund Managers Ltd increased 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 purchasing an additional 404,949 shares during the period. 64.73% of the stock is owned by institutional investors and hedge funds.

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.