RealReal (NASDAQ:REAL) Sets New 12-Month High – What’s Next?

The RealReal, Inc. (NASDAQ:REAL)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $10.04 and last traded at $10.04, with a volume of 907303 shares traded. The stock had previously closed at $9.33.

Analysts Set New Price Targets

A number of brokerages recently weighed in on REAL. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a report on Monday, September 16th. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $4.00 to $15.00 in a 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 report on Tuesday, December 17th. Finally, UBS Group boosted 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. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, RealReal has a consensus rating of “Moderate Buy” and an average target price of $7.38.

RealReal Trading Up 10.0 %

The business’s fifty day moving average price is $5.46 and its 200 day moving average price is $3.91. The company has a market capitalization of $1.13 billion, a P/E ratio of -11.66 and a beta of 3.08.

Insider Activity

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of the business’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 transaction, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Drive Wealth Management LLC acquired a new stake in RealReal in the second quarter valued at approximately $32,000. Evoke Wealth LLC acquired a new position in RealReal during the 2nd quarter valued at about $36,000. Principal Financial Group Inc. bought a new position in RealReal during the 2nd quarter valued at $39,000. Park Edge Advisors LLC purchased a new position in RealReal in the third quarter worth $41,000. Finally, XTX Topco Ltd purchased a new position in RealReal during the 3rd quarter valued at about $63,000. 64.73% of the stock is owned by institutional investors and hedge funds.

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.