Morgan Stanley Raises RealReal (NASDAQ:REAL) Price Target to $2.50

RealReal (NASDAQ:REAL) had its price target hoisted by Morgan Stanley from $1.50 to $2.50 in a research report report published on Thursday, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also commented on the stock. Robert W. Baird upped their target price on shares of RealReal from $2.75 to $3.25 in a research note on Wednesday, August 9th. Needham & Company LLC reaffirmed a buy rating and set a $6.00 target price on shares of RealReal in a research note on Wednesday. BMO Capital Markets cut their target price on shares of RealReal from $6.00 to $5.50 and set a market perform rating on the stock in a research note on Monday, October 23rd. Finally, Piper Sandler upped their target price on shares of RealReal from $2.00 to $3.00 in a research note on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $3.40.

RealReal Price Performance

NASDAQ:REAL opened at $2.08 on Thursday. The company’s 50-day moving average is $1.91 and its two-hundred day moving average is $1.93. RealReal has a 1-year low of $1.00 and a 1-year high of $2.94. The firm has a market capitalization of $212.37 million, a price-to-earnings ratio of -1.12 and a beta of 2.70.

Insider Activity at RealReal

In related news, President Levesque Rati Sahi sold 43,162 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $2.41, for a total transaction of $104,020.42. Following the completion of the sale, the president now owns 1,064,733 shares in the company, valued at approximately $2,566,006.53. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other RealReal news, CEO John E. Koryl purchased 43,251 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average price of $2.30 per share, for a total transaction of $99,477.30. Following the purchase, the chief executive officer now directly owns 2,793,251 shares in the company, valued at $6,424,477.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Levesque Rati Sahi sold 43,162 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $2.41, for a total transaction of $104,020.42. Following the sale, the president now owns 1,064,733 shares of the company’s stock, valued at approximately $2,566,006.53. The disclosure for this sale can be found here. Insiders own 9.34% of the company’s stock.

Institutional Trading of RealReal

Several hedge funds and other institutional investors have recently made changes to their positions in REAL. Raymond James & Associates boosted its holdings in RealReal by 222.5% during the first quarter. Raymond James & Associates now owns 32,692 shares of the company’s stock worth $237,000 after buying an additional 22,555 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of RealReal by 7.6% in the first quarter. Bank of New York Mellon Corp now owns 282,263 shares of the company’s stock valued at $2,049,000 after buying an additional 20,037 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of RealReal in the first quarter valued at approximately $89,000. MetLife Investment Management LLC raised its position in shares of RealReal by 21.3% in the first quarter. MetLife Investment Management LLC now owns 34,031 shares of the company’s stock valued at $247,000 after buying an additional 5,978 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its position in shares of RealReal by 30.2% in the first quarter. Vontobel Holding Ltd. now owns 250,082 shares of the company’s stock valued at $1,963,000 after buying an additional 58,056 shares during the last quarter. Hedge funds and other institutional investors own 49.60% of the company’s stock.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. It offers various product categories, including women's fashion, men's fashion, jewelry, and watches. The company was incorporated in 2011 and is headquartered in San Francisco, California.