RealReal (NASDAQ:REAL) Stock Price Up 4.8% – Should You Buy?

Shares of The RealReal, Inc. (NASDAQ:REAL) were up 4.8% during trading on Thursday . The stock traded as high as $9.44 and last traded at $9.44. Approximately 435,070 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 3,313,195 shares. The stock had previously closed at $9.01.

Analysts Set New Price Targets

Several brokerages recently issued reports on REAL. Northland Securities increased their price objective on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. UBS Group increased their target price on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.38.

RealReal Price Performance

The firm’s fifty day simple moving average is $7.32 and its 200 day simple moving average is $4.55. The company has a market capitalization of $1.04 billion, a PE ratio of -10.80 and a beta of 2.87.

Insider Activity

In related news, CEO John E. Koryl sold 396,478 shares of the 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Steve Ming Lo sold 96,666 shares of the stock in a transaction dated Monday, December 2nd. The stock was 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 in the company, valued at $2,388,302.50. This represents a 19.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

A number of hedge funds and other institutional investors have recently modified their holdings of REAL. Anchorage Capital Advisors L.P. acquired a new stake in shares of RealReal in the 3rd quarter valued at about $10,675,000. Woodson Capital Management LP increased its holdings in shares of 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 acquiring an additional 150,000 shares during the period. Geode Capital Management LLC boosted 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 worth $7,204,000 after purchasing an additional 44,716 shares during the period. State Street Corp increased its stake in RealReal by 22.3% in the third quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after purchasing an additional 310,116 shares during the period. Finally, Capricorn Fund Managers Ltd raised its holdings 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 valued at $4,417,000 after buying an additional 404,949 shares during the last quarter. 64.73% of the stock is currently 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.