RealReal (NASDAQ:REAL) Trading 3.8% Higher – Here’s What Happened

The RealReal, Inc. (NASDAQ:REAL)’s stock price traded up 3.8% on Tuesday . The company traded as high as $5.66 and last traded at $5.59. 583,057 shares were traded during trading, a decline of 78% from the average session volume of 2,609,710 shares. The stock had previously closed at $5.39.

Analyst Ratings Changes

REAL has been the topic of a number of recent research reports. UBS Group dropped their price objective on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Northland Securities boosted their price target on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.33.

RealReal Stock Up 5.6 %

The stock has a market capitalization of $654.13 million, a PE ratio of -4.56 and a beta of 3.00. The firm’s fifty day moving average is $7.10 and its 200-day moving average is $6.25.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The business had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. On average, analysts expect that The RealReal, Inc. will post -0.4 EPS for the current year.

Insiders Place Their Bets

In other news, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gopal Ajay Madan sold 102,386 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $706,463.40. Following the completion of the sale, the chief financial officer now owns 1,327,198 shares in the company, valued at approximately $9,157,666.20. This represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 654,761 shares of company stock worth $5,592,306. Corporate insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in REAL. Intech Investment Management LLC acquired a new stake in RealReal in the 3rd quarter valued at about $88,000. MetLife Investment Management LLC increased its stake in shares of RealReal by 43.9% during the 3rd quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after purchasing an additional 10,981 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of RealReal during the 3rd quarter worth approximately $1,163,000. Stifel Financial Corp lifted its stake in RealReal by 526.5% in the 3rd quarter. Stifel Financial Corp now owns 129,874 shares of the company’s stock valued at $408,000 after buying an additional 109,143 shares in the last quarter. Finally, State Street Corp lifted its stake in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after buying an additional 310,116 shares in the last quarter. Hedge funds and other 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.