RealReal (NASDAQ:REAL) Sets New 52-Week High – Still a Buy?

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

Analyst Ratings Changes

A number of analysts have recently commented on REAL shares. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $4.00 to $15.00 in a research note on Monday. 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 shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Northland Securities started coverage on RealReal in a report on Monday, September 16th. They issued 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.29.

RealReal Stock Performance

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 firm’s 50 day simple moving average is $4.16 and its 200-day simple moving average is $3.51.

Insider Activity

In other news, CAO Steve Ming Lo sold 96,666 shares of the 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 transaction, the chief accounting officer now owns 391,525 shares in the company, valued at $2,388,302.50. This represents a 19.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.78% of the stock is owned by corporate insiders.

Institutional Trading of RealReal

Several large investors have recently modified their holdings of REAL. Barclays PLC lifted its stake in shares of RealReal by 306.7% in the third quarter. Barclays PLC now owns 136,262 shares of the company’s stock valued at $428,000 after buying an additional 102,759 shares during the period. Geode Capital Management LLC raised its position in RealReal by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock worth $7,204,000 after purchasing an additional 44,716 shares in the last quarter. XTX Topco Ltd bought a new position in RealReal during the third quarter worth about $63,000. Wexford Capital LP acquired a new stake in RealReal during the third quarter valued at approximately $942,000. Finally, State Street Corp raised its holdings in shares of RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock worth $5,342,000 after buying an additional 310,116 shares in the last quarter. 64.73% of the stock is owned by institutional investors.

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.