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

The RealReal, Inc. (NASDAQ:REAL) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.0625.

Several research firms have weighed in on REAL. B. Riley Financial upped their price target on RealReal from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Wall Street Zen raised shares of RealReal from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. KeyCorp upped their target price on shares of RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. William Blair started coverage on shares of RealReal in a research note on Monday, December 15th. They set an “outperform” rating for the company. Finally, UBS Group lifted their price target on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, January 8th.

Insider Activity

In other news, insider Todd A. Suko sold 45,947 shares of RealReal stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $10.72, for a total value of $492,551.84. Following the sale, the insider directly owned 560,563 shares of the company’s stock, valued at approximately $6,009,235.36. The trade was a 7.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Luke Thomas Friang sold 19,609 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $10.72, for a total value of $210,208.48. Following the completion of the sale, the insider owned 479,656 shares in the company, valued at $5,141,912.32. This represents a 3.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 286,883 shares of company stock valued at $3,001,619. 9.00% of the stock is owned by corporate insiders.

Institutional Trading of RealReal

Several hedge funds have recently modified their holdings of the company. Alpine Global Management LLC grew its holdings in shares of RealReal by 934.6% in the fourth quarter. Alpine Global Management LLC now owns 72,421 shares of the company’s stock valued at $1,143,000 after purchasing an additional 65,421 shares in the last quarter. Invesco Ltd. raised its stake in RealReal by 60.1% during the fourth quarter. Invesco Ltd. now owns 286,851 shares of the company’s stock valued at $4,527,000 after purchasing an additional 107,640 shares in the last quarter. Voloridge Investment Management LLC lifted its position in RealReal by 20.1% during the fourth quarter. Voloridge Investment Management LLC now owns 920,182 shares of the company’s stock valued at $14,520,000 after purchasing an additional 153,798 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in RealReal by 9.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 753,856 shares of the company’s stock valued at $11,896,000 after purchasing an additional 63,858 shares during the last quarter. Finally, Numerai GP LLC grew its stake in shares of RealReal by 370.6% in the 4th quarter. Numerai GP LLC now owns 56,947 shares of the company’s stock worth $899,000 after buying an additional 44,845 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Trading Down 4.8%

NASDAQ:REAL opened at $8.57 on Friday. RealReal has a 12-month low of $4.61 and a 12-month high of $17.39. The stock has a 50-day moving average price of $12.05 and a 200 day moving average price of $12.71. The stock has a market capitalization of $1.02 billion, a P/E ratio of -7.86 and a beta of 2.67.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.