RealReal (NASDAQ:REAL) Stock Price Up 3.8% – Here’s Why

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

Wall Street Analysts Forecast Growth

REAL has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $4.00 to $15.00 in a report on Monday, December 9th. UBS Group dropped their target price on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, Northland Securities increased their price target on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Two 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.33.

RealReal Price Performance

The company has a fifty day moving average of $7.25 and a 200-day moving average of $6.23. The firm has a market cap of $634.66 million, a P/E ratio of -4.42 and a beta of 3.00.

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

Insider Buying and Selling

In other news, CAO Steve Ming Lo sold 23,477 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now owns 330,117 shares of the company’s stock, valued at $2,277,807.30. This represents a 6.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Levesque Rati Sahi sold 113,917 shares of RealReal stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 2,307,199 shares of the company’s stock, valued at $15,919,673.10. This represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 654,761 shares of company stock valued at $5,592,306. 9.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On RealReal

Institutional investors have recently made changes to their positions in the stock. Voloridge Investment Management LLC purchased a new position in RealReal in the 4th quarter worth $17,138,000. Norges Bank bought a new position in RealReal during the 4th quarter worth approximately $11,989,000. Driehaus Capital Management LLC purchased a new position in RealReal in the 4th quarter worth approximately $10,370,000. Invesco Ltd. lifted its position in RealReal by 413.4% in the fourth quarter. Invesco Ltd. now owns 1,053,911 shares of the company’s stock valued at $11,519,000 after purchasing an additional 848,640 shares during the last quarter. Finally, Quinn Opportunity Partners LLC grew its holdings in shares of RealReal by 233.3% in the fourth quarter. Quinn Opportunity Partners LLC now owns 1,066,057 shares of the company’s stock worth $11,652,000 after purchasing an additional 746,172 shares during the last quarter. 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.