RealReal (NASDAQ:REAL) Stock Price Up 7.3% – Time to Buy?

The RealReal, Inc. (NASDAQ:REAL) shares rose 7.3% during trading on Monday . The company traded as high as $12.38 and last traded at $12.6320. Approximately 492,905 shares changed hands during trading, a decline of 84% from the average daily volume of 3,137,015 shares. The stock had previously closed at $11.77.

Wall Street Analysts Forecast Growth

REAL has been the subject of a number of recent research reports. Wall Street Zen downgraded RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Northland Securities set a $20.00 price objective on RealReal in a research note on Wednesday, January 14th. UBS Group upped their price objective on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. Finally, Robert W. Baird upped their price objective on RealReal from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.06.

RealReal Price Performance

The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -11.76 and a beta of 2.84. The company has a fifty day moving average price of $10.54 and a two-hundred day moving average price of $12.79.

Insiders Place Their Bets

In other news, CAO Steve Ming Lo sold 16,962 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $181,832.64. Following the completion of the sale, the chief accounting officer directly owned 170,236 shares of the company’s stock, valued at $1,824,929.92. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Luke Thomas Friang sold 19,609 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $210,208.48. Following the sale, the insider directly owned 479,656 shares of the company’s stock, valued at approximately $5,141,912.32. This represents a 3.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 286,883 shares of company stock valued at $3,001,619. 9.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RealReal

Several hedge funds have recently bought and sold shares of the business. Gables Capital Management Inc. purchased a new stake in RealReal in the 1st quarter worth about $35,000. Fifth Third Bancorp purchased a new stake in RealReal in the 1st quarter worth about $2,270,000. U S Global Investors Inc. purchased a new stake in RealReal in the 1st quarter worth about $291,000. Hsbc Holdings PLC purchased a new stake in RealReal in the 1st quarter worth about $332,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in RealReal in the 1st quarter worth about $4,475,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

About RealReal

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.