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

The RealReal, Inc. (NASDAQ:REAL)’s stock price hit a new 52-week high during 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group raised their price objective 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. Robert W. Baird reduced their price objective on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Wedbush reduced their price objective on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Northland Securities assumed coverage on shares of RealReal in a research report on Monday, September 16th. They issued an “outperform” rating and a $6.00 price objective for the company. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.46.

RealReal Trading Up 2.1 %

The firm has a market capitalization of $644.98 million, a PE ratio of -6.55 and a beta of 2.79. The stock’s 50 day moving average price is $3.57 and its two-hundred day moving average price is $3.38.

Hedge Funds Weigh In On RealReal

Hedge funds have recently made changes to their positions in the stock. Drive Wealth Management LLC acquired a new position in shares of RealReal in the 2nd quarter valued at $32,000. Calamos Advisors LLC acquired a new position in shares of RealReal during the 2nd quarter valued at $34,000. Evoke Wealth LLC acquired a new position in shares of RealReal during the 2nd quarter valued at $36,000. Principal Financial Group Inc. acquired a new position in RealReal in the 2nd quarter worth $39,000. Finally, Park Edge Advisors LLC acquired a new position in RealReal in the 3rd quarter worth $41,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

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.