RealReal (NASDAQ:REAL) Trading Down 5% – Here’s What Happened

The RealReal, Inc. (NASDAQ:REAL)’s share price was down 5% on Wednesday . The company traded as low as $8.78 and last traded at $8.77. Approximately 1,284,041 shares changed hands during trading, a decline of 56% from the average daily volume of 2,902,344 shares. The stock had previously closed at $9.23.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on REAL shares. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. UBS Group increased their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Northland Securities boosted their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $7.38.

RealReal Stock Down 6.9 %

The stock has a fifty day simple moving average of $8.87 and a 200-day simple moving average of $5.18. The company has a market capitalization of $942.24 million, a P/E ratio of -9.76 and a beta of 2.83.

Insider Activity

In related news, CEO John E. Koryl sold 396,478 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the transaction, the chief accounting officer now directly owns 391,525 shares in the company, valued at approximately $2,388,302.50. This represents a 19.80 % decrease in their position. The disclosure for this sale can be found here. 9.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Park Edge Advisors LLC bought a new position in RealReal during the third quarter worth about $41,000. R Squared Ltd acquired a new stake in RealReal in the fourth quarter worth $49,000. XTX Topco Ltd bought a new position in shares of RealReal during the third quarter worth $63,000. Intech Investment Management LLC bought a new stake in shares of RealReal in the 3rd quarter valued at $88,000. Finally, MetLife Investment Management LLC raised its stake in 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 buying an additional 10,981 shares during the period. 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.