RealReal (NASDAQ:REAL) Trading 6.9% Higher – What’s Next?

The RealReal, Inc. (NASDAQ:REAL) shares were up 6.9% during mid-day trading on Friday . The company traded as high as $10.08 and last traded at $9.93. Approximately 2,019,853 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 2,954,664 shares. The stock had previously closed at $9.29.

Analyst Upgrades and Downgrades

REAL has been the topic of several research analyst reports. UBS Group raised their price objective on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Northland Securities lifted 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, Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and increased their target price 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 issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.38.

RealReal Price Performance

The company has a market cap of $1.06 billion, a P/E ratio of -10.93 and a beta of 2.87. The business’s 50 day moving average price is $8.62 and its 200-day moving average price is $5.04.

Insiders Place Their Bets

In other news, CEO John E. Koryl sold 396,478 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction dated 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 of the company’s stock, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Park Edge Advisors LLC acquired a new position in shares of RealReal during the 3rd quarter worth about $41,000. R Squared Ltd bought a new position in RealReal during the 4th quarter worth approximately $49,000. XTX Topco Ltd acquired a new position in RealReal during the third quarter valued at approximately $63,000. Intech Investment Management LLC bought a new stake in RealReal in the third quarter valued at approximately $88,000. Finally, MetLife Investment Management LLC raised its holdings in RealReal by 43.9% in the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after purchasing an additional 10,981 shares during the period. 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.