RealReal (NASDAQ:REAL) Sets New 1-Year High – Time to Buy?

The RealReal, Inc. (NASDAQ:REAL)’s share price hit a new 52-week high during mid-day trading on Thursday . The company 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

Several analysts recently issued reports on REAL shares. UBS Group raised their target price on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Northland Securities upped their target price on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Finally, Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, RealReal has an average rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Trading Up 10.0 %

The stock has a 50-day simple moving average of $5.46 and a two-hundred day simple moving average of $3.91. The firm has a market capitalization of $1.13 billion, a P/E ratio of -11.66 and a beta of 3.08.

Insiders Place Their Bets

In other news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the sale, the chief accounting officer now directly owns 391,525 shares in the company, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

RealReal Company Profile

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.