RealReal (NASDAQ:REAL) Trading 9.9% Higher – What’s Next?

The RealReal, Inc. (NASDAQ:REAL)’s stock price was up 9.9% on Monday . The company traded as high as $5.22 and last traded at $5.21. Approximately 1,612,248 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 2,594,634 shares. The stock had previously closed at $4.74.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird lowered their price objective on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Wedbush dropped their price target on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a report on Monday, September 16th. UBS Group lifted their target price on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Northland Securities assumed coverage on shares of RealReal in a report on Monday, September 16th. They set an “outperform” rating and a $6.00 price target for the company. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, RealReal presently has an average rating of “Moderate Buy” and a consensus price target of $4.46.

RealReal Trading Up 8.9 %

The stock has a market capitalization of $631.82 million, a P/E ratio of -6.55 and a beta of 2.79. The business’s fifty day simple moving average is $3.52 and its two-hundred day simple moving average is $3.36.

Institutional Investors Weigh In On RealReal

Hedge funds have recently made changes to their positions in the stock. Fortis Group Advisors LLC raised its holdings in RealReal by 11.0% in the 3rd quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company’s stock valued at $244,000 after acquiring an additional 7,686 shares in the last quarter. Drive Wealth Management LLC acquired a new position in shares of RealReal in the second quarter valued at $32,000. Quantum Private Wealth LLC lifted its position in RealReal by 6.1% in the third quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock worth $544,000 after purchasing an additional 10,000 shares during the period. Calamos Advisors LLC bought a new position in RealReal in the second quarter worth $34,000. Finally, MetLife Investment Management LLC boosted its stake in RealReal by 43.9% during the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after buying an additional 10,981 shares in the last quarter. 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.