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

Shares of The RealReal, Inc. (NASDAQ:REAL) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $7.38.

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

RealReal Stock Up 0.5 %

Shares of RealReal stock opened at $9.33 on Wednesday. RealReal has a fifty-two week low of $1.52 and a fifty-two week high of $9.78. The business’s fifty day moving average is $5.21 and its two-hundred day moving average is $3.83. The firm has a market cap of $1.02 billion, a PE ratio of -10.60 and a beta of 3.08.

Insider Transactions at RealReal

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of the business’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 transaction, the chief accounting officer now owns 391,525 shares in the company, valued at $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Large investors have recently modified their holdings of the stock. Calamos Advisors LLC acquired a new stake in RealReal in the second quarter valued at approximately $34,000. Bank of New York Mellon Corp purchased a new position in shares of RealReal in the second quarter valued at $915,000. Principal Financial Group Inc. acquired a new stake in RealReal during the 2nd quarter valued at $39,000. Fortis Group Advisors LLC increased its stake in RealReal by 38.8% during the 2nd quarter. Fortis Group Advisors LLC now owns 69,949 shares of the company’s stock worth $223,000 after buying an additional 19,553 shares during the period. Finally, Drive Wealth Management LLC acquired a new position in RealReal in the 2nd quarter worth $32,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

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.