RealReal (NASDAQ:REAL) Sets New 52-Week High – What’s Next?

Shares of The RealReal, Inc. (NASDAQ:REAL) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $5.92 and last traded at $5.88, with a volume of 1936555 shares changing hands. The stock had previously closed at $5.76.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on REAL. Wedbush dropped their price target on RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Northland Securities started coverage on RealReal in a research report on Monday, September 16th. They issued an “outperform” rating and a $6.00 price target for the company. UBS Group upped their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Robert W. Baird decreased their price objective on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, Northland Capmk upgraded RealReal to a “strong-buy” rating in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, RealReal presently has an average rating of “Moderate Buy” and a consensus price target of $4.46.

RealReal Stock Up 2.1 %

The stock has a market cap of $644.98 million, a PE ratio of -6.55 and a beta of 2.79. The firm has a fifty day moving average of $3.57 and a 200 day moving average of $3.38.

Hedge Funds Weigh In On RealReal

Several large investors have recently bought and sold shares of the business. Anchorage Capital Advisors L.P. purchased a new position in shares of RealReal during the third quarter worth about $10,675,000. Woodson Capital Management LP grew its holdings 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 during the last quarter. Vanguard Group Inc. grew its holdings in shares of RealReal by 0.4% during the first quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock worth $16,039,000 after purchasing an additional 18,352 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of RealReal by 2.0% during the third 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. Finally, State Street Corp grew its holdings in shares of RealReal by 22.3% during the third 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. Hedge funds and other 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.