RealReal (NASDAQ:REAL) Hits 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 Friday . The stock traded as high as $5.92 and last traded at $5.88, with a volume of 1936555 shares changing hands. The stock had previously closed at $5.76.

Analysts Set New Price Targets

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

RealReal Trading Up 2.1 %

The stock’s 50 day moving average price is $3.63 and its two-hundred day moving average price is $3.38. The firm has a market capitalization of $644.98 million, a price-to-earnings ratio of -6.68 and a beta of 2.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anchorage Capital Advisors L.P. purchased a new stake in shares of RealReal during the 3rd quarter worth approximately $10,675,000. Renaissance Technologies LLC acquired a new stake in RealReal in the second quarter valued at $1,563,000. Capricorn Fund Managers Ltd increased its position in shares of RealReal by 40.4% in the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock valued at $4,417,000 after buying an additional 404,949 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of RealReal during the 3rd quarter worth $1,163,000. Finally, NewEdge Advisors LLC boosted its position in shares of RealReal by 309.9% in the 2nd quarter. NewEdge Advisors LLC now owns 435,554 shares of the company’s stock worth $1,389,000 after buying an additional 329,303 shares in the last quarter. 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.