RealReal (NASDAQ:REAL) Trading Down 5% – Time to Sell?

Shares of The RealReal, Inc. (NASDAQ:REAL) dropped 5% during trading on Wednesday . The stock traded as low as $8.78 and last traded at $8.77. Approximately 1,284,041 shares traded 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 Analyst Weigh In

REAL has been the topic of a number of recent analyst reports. Northland Securities raised their price target on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Finally, UBS Group raised their price objective on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Price Performance

The stock has a market capitalization of $918.11 million, a PE ratio of -9.51 and a beta of 2.83. The business’s fifty day moving average price is $8.98 and its two-hundred day moving average price is $5.22.

Insider Activity at RealReal

In other news, CEO John E. Koryl sold 396,478 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now 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 owned by insiders.

Institutional Trading of RealReal

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of RealReal by 22.3% in the third quarter. State Street Corp now owns 1,701,387 shares of the company’s stock worth $5,342,000 after acquiring an additional 310,116 shares during the period. Barclays PLC boosted its position in RealReal by 306.7% during the third quarter. Barclays PLC now owns 136,262 shares of the company’s stock worth $428,000 after purchasing an additional 102,759 shares in the last quarter. Crestwood Capital Management L.P. grew its holdings in RealReal by 20.6% in the third quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock valued at $3,748,000 after purchasing an additional 204,226 shares during the period. Anthracite Investment Company Inc. increased its position in shares of RealReal by 62.0% in the third quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock valued at $2,340,000 after buying an additional 285,304 shares in the last quarter. Finally, Woodson Capital Management LP raised its stake in shares of RealReal by 2.9% during the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after buying an additional 150,000 shares during the period. 64.73% of the stock is owned by hedge funds and other institutional investors.

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.