Analysts Set The RealReal, Inc. (NASDAQ:REAL) Target Price at $4.46

The RealReal, Inc. (NASDAQ:REAL) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $4.46.

REAL has been the topic of several recent analyst reports. Robert W. Baird cut their target price on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Northland Securities started coverage on shares of RealReal in a research note on Monday, September 16th. They set an “outperform” rating and a $6.00 price objective on the stock. Wedbush decreased their target price on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Finally, UBS Group upped their price target on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th.

RealReal Trading Up 12.4 %

NASDAQ:REAL opened at $5.33 on Friday. The stock has a 50 day moving average of $3.43 and a 200-day moving average of $3.34. The firm has a market capitalization of $584.65 million, a PE ratio of -6.06 and a beta of 2.79. RealReal has a 52 week low of $1.52 and a 52 week high of $5.34.

Insider Transactions at RealReal

In related news, Director Karen Katz sold 33,000 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total value of $86,460.00. Following the completion of the sale, the director now owns 201,301 shares in the company, valued at approximately $527,408.62. This trade represents a 14.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.78% of the company’s stock.

Hedge Funds Weigh In On RealReal

Several large investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new stake in RealReal in the first quarter valued at about $674,000. Anthracite Investment Company Inc. grew its stake in shares of RealReal by 62.0% in the 3rd quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock valued at $2,340,000 after purchasing an additional 285,304 shares during the period. Renaissance Technologies LLC bought a new stake in shares of RealReal in the 2nd quarter valued at approximately $1,563,000. Bank of New York Mellon Corp acquired a new position in shares of RealReal in the 2nd quarter worth approximately $915,000. Finally, Vanguard Group Inc. lifted its position in shares of RealReal by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock worth $16,039,000 after buying an additional 18,352 shares during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Company Profile

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.