The RealReal, Inc. (NASDAQ:REAL) Receives $7.38 Consensus Target Price from Brokerages

The RealReal, Inc. (NASDAQ:REAL) has been given an average rating of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.38.

REAL has been the topic of a number of recent analyst reports. Northland Securities raised their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, UBS Group upped their price target on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th.

Insider Activity

In other news, CEO John E. Koryl sold 396,478 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total value of $589,662.60. Following the sale, the chief accounting officer now owns 391,525 shares in the company, valued at $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of REAL. R Squared Ltd purchased a new stake in RealReal in the fourth quarter worth about $49,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal in the 4th quarter worth approximately $94,000. Jag Capital Management LLC purchased a new stake in shares of RealReal in the 4th quarter worth approximately $126,000. Olympiad Research LP bought a new position in RealReal during the 4th quarter valued at approximately $136,000. Finally, Park Edge Advisors LLC purchased a new position in RealReal during the third quarter valued at $41,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Stock Performance

Shares of RealReal stock opened at $7.81 on Thursday. RealReal has a 52-week low of $1.52 and a 52-week high of $11.38. The company’s 50 day moving average price is $9.10 and its 200-day moving average price is $5.35.

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.