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

The RealReal, Inc. (NASDAQ:REAL) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $7.38.

Several equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Finally, Northland Securities raised their price objective on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th.

RealReal Price Performance

Shares of REAL stock opened at $8.58 on Friday. The firm has a fifty day moving average price of $7.32 and a 200-day moving average price of $4.55. The company has a market cap of $941.15 million, a price-to-earnings ratio of -9.75 and a beta of 2.87. RealReal has a 1 year low of $1.52 and a 1 year high of $11.38.

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the stock in a transaction on 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 $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The disclosure for this sale can be found here. Insiders own 9.78% of the company’s stock.

Institutional Trading of RealReal

Several institutional investors have recently bought and sold shares of the business. Evoke Wealth LLC purchased a new stake in shares of RealReal during the second quarter worth approximately $36,000. Principal Financial Group Inc. purchased a new stake in shares of RealReal in the 2nd quarter valued at approximately $39,000. Park Edge Advisors LLC acquired a new position in RealReal during the third quarter worth $41,000. XTX Topco Ltd acquired a new position in RealReal in the 3rd quarter valued at about $63,000. Finally, Intech Investment Management LLC purchased a new stake in RealReal during the 3rd quarter worth approximately $88,000. 64.73% of the stock is owned by institutional investors and hedge funds.

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.