The RealReal, Inc. (NASDAQ:REAL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of The RealReal, Inc. (NASDAQ:REAL) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Two equities research 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. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $7.38.

Several equities analysts have commented on REAL shares. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a report on Monday, September 16th. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $4.00 to $15.00 in a research note on Monday, December 9th. UBS Group boosted their price objective on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Northland Securities increased their target price on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th.

Insider Buying and Selling

In related news, CAO Steve Ming Lo sold 96,666 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction 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 trade represents a 19.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John E. Koryl sold 396,478 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. 9.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RealReal

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in RealReal by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company’s stock valued at $2,319,000 after buying an additional 97,700 shares in the last quarter. Barclays PLC lifted its holdings in shares of RealReal by 306.7% in the third quarter. Barclays PLC now owns 136,262 shares of the company’s stock worth $428,000 after acquiring an additional 102,759 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of RealReal by 2.0% during the 3rd 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 last quarter. XTX Topco Ltd acquired a new position in RealReal during the 3rd quarter worth approximately $63,000. Finally, Wexford Capital LP bought a new position in RealReal in the 3rd quarter valued at approximately $942,000. Institutional investors own 64.73% of the company’s stock.

RealReal Stock Performance

REAL stock opened at $8.73 on Friday. RealReal has a 1-year low of $1.52 and a 1-year high of $11.38. The business’s 50 day simple moving average is $7.12 and its 200 day simple moving average is $4.47. The firm has a market capitalization of $957.60 million, a PE ratio of -9.92 and a beta of 2.87.

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.