RealReal (NASDAQ:REAL) Trading 8.2% Higher – Time to Buy?

The RealReal, Inc. (NASDAQ:REAL) rose 8.2% during trading on Thursday . The stock traded as high as $15.80 and last traded at $15.9180. Approximately 1,398,395 shares were traded during trading, a decline of 60% from the average daily volume of 3,506,524 shares. The stock had previously closed at $14.71.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on REAL shares. B. Riley boosted their price objective on shares of RealReal from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a report on Wednesday, October 8th. KeyCorp raised shares of RealReal from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research report on Wednesday, November 5th. Wells Fargo & Company raised their price target on RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, William Blair began coverage on shares of RealReal in a report on Monday. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.36.

RealReal Stock Up 8.0%

The firm has a 50 day moving average price of $12.86 and a 200 day moving average price of $9.12. The stock has a market cap of $1.85 billion, a PE ratio of -11.51 and a beta of 2.68.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The company had revenue of $173.57 million for the quarter, compared to the consensus estimate of $169.01 million. Equities analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Insider Transactions at RealReal

In other RealReal news, insider Luke Thomas Friang sold 18,619 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $13.06, for a total transaction of $243,164.14. Following the completion of the sale, the insider owned 499,265 shares in the company, valued at $6,520,400.90. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd A. Suko sold 72,933 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $14.10, for a total value of $1,028,355.30. Following the sale, the insider directly owned 606,510 shares in the company, valued at $8,551,791. This trade represents a 10.73% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 15,823,249 shares of company stock worth $209,258,341. Insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On RealReal

A number of institutional investors have recently added to or reduced their stakes in the stock. Jump Financial LLC raised its stake in shares of RealReal by 129.4% during the 1st quarter. Jump Financial LLC now owns 460,200 shares of the company’s stock worth $2,480,000 after acquiring an additional 259,600 shares in the last quarter. Vanguard Group Inc. boosted its stake in RealReal by 3.9% in the first quarter. Vanguard Group Inc. now owns 5,097,765 shares of the company’s stock valued at $27,477,000 after acquiring an additional 192,633 shares in the last quarter. Algert Global LLC increased its position in shares of RealReal by 182.2% during the first quarter. Algert Global LLC now owns 529,770 shares of the company’s stock worth $2,855,000 after purchasing an additional 342,030 shares in the last quarter. Kanen Wealth Management LLC increased its position in shares of RealReal by 26.2% during the second quarter. Kanen Wealth Management LLC now owns 4,708,623 shares of the company’s stock worth $22,554,000 after purchasing an additional 978,660 shares in the last quarter. Finally, Swiss National Bank purchased a new stake in shares of RealReal during the 1st quarter valued at $859,000. 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.