RealReal (NASDAQ:REAL) Given New $12.50 Price Target at Northland Securities

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

Several other brokerages have also issued reports on REAL. Northland Capmk raised RealReal to a “strong-buy” rating in a research report on Monday, September 16th. UBS Group upped their price objective on shares of 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 upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, RealReal currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.38.

RealReal Trading Up 2.8 %

NASDAQ REAL opened at $9.51 on Tuesday. RealReal has a 12-month low of $1.52 and a 12-month high of $9.78. The firm’s fifty day simple moving average is $4.76 and its two-hundred day simple moving average is $3.68. The firm has a market capitalization of $1.04 billion, a P/E ratio of -10.81 and a beta of 3.09.

Insider Buying and Selling

In related news, CAO Steve Ming Lo sold 96,666 shares of the firm’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 sale, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at $2,388,302.50. This trade 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 at this hyperlink. 9.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of REAL. Fortis Group Advisors LLC increased its holdings in RealReal by 11.0% in the third quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company’s stock valued at $244,000 after buying an additional 7,686 shares in the last quarter. Drive Wealth Management LLC purchased a new position in shares of RealReal during the 2nd quarter valued at approximately $32,000. Quantum Private Wealth LLC grew its stake in RealReal by 6.1% in the 3rd quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock valued at $544,000 after acquiring an additional 10,000 shares during the period. Calamos Advisors LLC purchased a new stake in RealReal in the 2nd quarter worth $34,000. Finally, MetLife Investment Management LLC raised its position in RealReal by 43.9% during the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after acquiring an additional 10,981 shares during the period. 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.