RealReal (NASDAQ:REAL) Trading Up 9.7% – Here’s What Happened

Shares of The RealReal, Inc. (NASDAQ:REAL) rose 9.7% on Tuesday . The company traded as high as $5.46 and last traded at $5.61. Approximately 2,027,627 shares changed hands during trading, a decline of 41% from the average daily volume of 3,441,539 shares. The stock had previously closed at $5.11.

Wall Street Analyst Weigh In

REAL has been the topic of several analyst reports. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Northland Securities boosted their target price on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Finally, UBS Group cut their price target on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Two investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $8.33.

RealReal Price Performance

The company has a market capitalization of $605.18 million, a price-to-earnings ratio of -4.22 and a beta of 3.00. The firm has a fifty day simple moving average of $8.29 and a 200 day simple moving average of $5.87.

RealReal (NASDAQ:REAL) last announced 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 firm had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. Research analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Transactions at RealReal

In related news, CEO Levesque Rati Sahi sold 113,917 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $786,027.30. Following the completion of the sale, the chief executive officer now owns 2,307,199 shares of the company’s stock, valued at approximately $15,919,673.10. This represents a 4.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Steve Ming Lo sold 23,477 shares of the firm’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 transaction of $161,991.30. Following the completion of the transaction, the chief accounting officer now directly owns 330,117 shares in the company, valued at $2,277,807.30. This trade represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 654,761 shares of company stock valued at $5,592,306 over the last 90 days. 9.78% of the stock is currently owned by corporate insiders.

Institutional Trading of RealReal

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP grew its holdings in shares of RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after purchasing an additional 1,569 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in RealReal by 6.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company’s stock valued at $622,000 after purchasing an additional 3,236 shares during the last quarter. R Squared Ltd purchased a new stake in shares of RealReal in the 4th quarter valued at approximately $49,000. Price T Rowe Associates Inc. MD increased its holdings in shares of RealReal by 8.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 101,035 shares of the company’s stock worth $1,105,000 after buying an additional 7,645 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal during the 4th quarter valued at approximately $94,000. 64.73% of the stock is owned by institutional investors and hedge funds.

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.