RealReal (NASDAQ:REAL) Hits New 1-Year High – Here’s Why

The RealReal, Inc. (NASDAQ:REAL)’s share price reached a new 52-week high on Friday . The company traded as high as $4.64 and last traded at $4.57, with a volume of 803490 shares traded. The stock had previously closed at $4.48.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on REAL. Northland Securities started coverage on shares of RealReal in a report on Monday, September 16th. They set an “outperform” rating and a $6.00 price objective on the stock. Wedbush lowered their price objective on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research note on Monday, September 16th. UBS Group lifted their price target on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird cut 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. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.46.

RealReal Trading Up 5.8 %

The firm’s fifty day moving average price is $3.34 and its 200-day moving average price is $3.33. The firm has a market cap of $519.94 million, a price-to-earnings ratio of -5.19 and a beta of 2.79.

Insiders Place Their Bets

In other RealReal news, Director Karen Katz sold 33,000 shares of RealReal stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total transaction of $86,460.00. Following the sale, the director now directly owns 201,301 shares in the company, valued at $527,408.62. The trade was a 14.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Anchorage Capital Advisors L.P. acquired a new position in shares of RealReal during the third quarter valued at approximately $10,675,000. Renaissance Technologies LLC bought a new stake in RealReal in the 2nd quarter valued at $1,563,000. AWM Investment Company Inc. bought a new position in shares of RealReal during the 1st quarter worth about $1,862,000. Capricorn Fund Managers Ltd increased its stake in RealReal by 40.4% during the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock valued at $4,417,000 after acquiring an additional 404,949 shares during the period. Finally, Walleye Capital LLC bought a new position in RealReal in the third quarter worth $1,163,000. 64.73% of the stock is 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.