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

The RealReal, Inc. (NASDAQ:REAL) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $7.38.

REAL has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Securities raised their price target on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Finally, UBS Group upped their price objective 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 RealReal news, CEO John E. Koryl sold 396,478 shares of RealReal 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 filing with the SEC, which is accessible through this link. Also, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the transaction, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. The trade was 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 Trading of RealReal

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

RealReal Stock Performance

REAL opened at $9.45 on Friday. The company’s 50-day simple moving average is $7.43 and its two-hundred day simple moving average is $4.58. RealReal has a 52-week low of $1.52 and a 52-week high of $11.38. The stock has a market capitalization of $1.04 billion, a P/E ratio of -10.74 and a beta of 2.87.

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.