RealReal (NASDAQ:REAL) Trading Up 4.8% – What’s Next?

Shares of The RealReal, Inc. (NASDAQ:REAL) rose 4.8% on Thursday . The stock traded as high as $9.44 and last traded at $9.44. Approximately 435,070 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 3,313,195 shares. The stock had previously closed at $9.01.

Analyst Upgrades and Downgrades

Several research firms have recently commented on REAL. UBS Group upped their price target on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Northland Securities raised their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Stock Up 5.2 %

The business’s 50 day moving average is $7.32 and its 200-day moving average is $4.55. The firm has a market cap of $1.04 billion, a P/E ratio of -10.80 and a beta of 2.87.

Insider Activity at RealReal

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

Hedge Funds Weigh In On RealReal

Several institutional investors have recently modified their holdings of the company. Evoke Wealth LLC acquired a new position in shares of RealReal during the second quarter valued at $36,000. Park Edge Advisors LLC acquired a new position in RealReal during the 3rd quarter valued at about $41,000. XTX Topco Ltd bought a new stake in shares of RealReal during the 3rd quarter worth about $63,000. Intech Investment Management LLC acquired a new stake in shares of RealReal in the 3rd quarter worth approximately $88,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of RealReal by 43.9% in the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock valued at $113,000 after acquiring an additional 10,981 shares in the last quarter. Institutional investors own 64.73% of the company’s stock.

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.