The RealReal, Inc. (NASDAQ:REAL) Receives $4.46 Consensus PT from Analysts

The RealReal, Inc. (NASDAQ:REAL) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $4.46.

Several research firms have weighed in on REAL. Wedbush lowered their price target on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Robert W. Baird lowered their target price on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Northland Securities started coverage on shares of RealReal in a research note on Monday, September 16th. They issued an “outperform” rating and a $6.00 price target for the company. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Finally, 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.

Institutional Trading of RealReal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fortis Group Advisors LLC grew its holdings in RealReal by 11.0% in the 3rd 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 bought a new stake in shares of RealReal in the second quarter valued at about $32,000. Quantum Private Wealth LLC grew its stake in shares of RealReal by 6.1% in the third 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 in the last quarter. Calamos Advisors LLC acquired a new position in shares of RealReal in the second quarter valued at about $34,000. Finally, MetLife Investment Management LLC increased 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. Institutional investors own 64.73% of the company’s stock.

RealReal Stock Performance

NASDAQ:REAL opened at $5.76 on Friday. The stock’s 50-day simple moving average is $3.52 and its 200 day simple moving average is $3.36. RealReal has a 52-week low of $1.52 and a 52-week high of $5.82. The company has a market cap of $631.82 million, a P/E ratio of -6.55 and a beta of 2.79.

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.