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

Shares of The RealReal, Inc. (NASDAQ:REAL) have received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $7.38.

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

RealReal Stock Performance

REAL stock opened at $8.59 on Thursday. RealReal has a one year low of $1.52 and a one year high of $11.38. The company has a 50 day moving average price of $8.87 and a two-hundred day moving average price of $5.18. The stock has a market capitalization of $942.24 million, a P/E ratio of -9.76 and a beta of 2.83.

Insider Activity

In related news, CAO Steve Ming Lo sold 96,666 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Company insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Anchorage Capital Advisors L.P. purchased a new stake in shares of RealReal in the 3rd quarter valued at approximately $10,675,000. Woodson Capital Management LP grew its stake in RealReal by 2.9% in the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock valued at $16,956,000 after buying an additional 150,000 shares during the last quarter. Geode Capital Management LLC grew its position in RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock worth $7,204,000 after purchasing an additional 44,716 shares during the last quarter. State Street Corp grew its position in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock worth $5,342,000 after purchasing an additional 310,116 shares during the last quarter. Finally, Capricorn Fund Managers Ltd lifted its holdings in shares of RealReal by 40.4% during the 3rd quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock worth $4,417,000 after acquiring an additional 404,949 shares during the period. 64.73% of the stock is currently owned by institutional investors.

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.