Analysts Set The RealReal, Inc. (NASDAQ:REAL) Target Price at $7.38

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

A number of equities analysts recently weighed in on the stock. Northland Securities boosted 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. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $4.00 to $15.00 in a report 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 report on Tuesday, November 5th.

RealReal Stock Up 1.8 %

Shares of RealReal stock opened at $7.81 on Thursday. The company has a 50-day simple moving average of $9.10 and a two-hundred day simple moving average of $5.35. RealReal has a 52-week low of $1.52 and a 52-week high of $11.38.

Insider Buying and Selling at RealReal

In related news, CEO John E. Koryl sold 396,478 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction that occurred on 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 directly owns 391,525 shares of the company’s stock, valued at approximately $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. Company insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

A number of hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company purchased a new position in RealReal during the second quarter valued at $123,000. Capricorn Fund Managers Ltd raised its stake in shares of RealReal by 40.4% in the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock worth $4,417,000 after buying an additional 404,949 shares during the period. Fortis Group Advisors LLC lifted its position in shares of RealReal by 11.0% during 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. Park Edge Advisors LLC bought a new position in shares of RealReal during the 3rd quarter valued at approximately $41,000. Finally, Chicago Partners Investment Group LLC grew its stake in shares of RealReal by 53.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 55,464 shares of the company’s stock valued at $163,000 after acquiring an additional 19,215 shares during the period. Institutional investors 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.