RealReal (NASDAQ:REAL) Reaches New 52-Week High – Should You Buy?

Shares of The RealReal, Inc. (NASDAQ:REAL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.57 and last traded at $9.39, with a volume of 851564 shares trading hands. The stock had previously closed at $9.06.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. UBS Group upped their price objective on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $4.00 to $15.00 in a report on Monday. Northland Capmk upgraded RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Northland Securities initiated coverage on shares of RealReal in a research report on Monday, September 16th. They set an “outperform” rating and a $6.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.29.

RealReal Trading Up 3.2 %

The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -10.84 and a beta of 3.09. The company has a 50 day moving average price of $4.16 and a 200 day moving average price of $3.51.

Insider Activity at RealReal

In related news, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the sale, the chief accounting officer now owns 391,525 shares in the company, valued at approximately $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 9.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On RealReal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of RealReal by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock valued at $16,039,000 after buying an additional 18,352 shares in the last quarter. Calamos Advisors LLC bought a new position in shares of RealReal during the 2nd quarter valued at about $34,000. Bank of New York Mellon Corp acquired a new position in shares of RealReal in the 2nd quarter valued at approximately $915,000. Principal Financial Group Inc. bought a new stake in RealReal during the 2nd quarter worth approximately $39,000. Finally, Fortis Group Advisors LLC raised its holdings in RealReal by 38.8% during the 2nd quarter. Fortis Group Advisors LLC now owns 69,949 shares of the company’s stock worth $223,000 after buying an additional 19,553 shares during the period. Institutional investors 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.