Investors Buy High Volume of RealReal Call Options (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 5,038 call options on the company. This is an increase of approximately 122% compared to the typical daily volume of 2,274 call options.

Insiders Place Their Bets

In related news, insider Luke Thomas Friang sold 21,183 shares of RealReal stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $195,942.75. Following the sale, the insider directly owned 530,676 shares in the company, valued at $4,908,753. This trade represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Steve Ming Lo sold 12,077 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $111,712.25. Following the transaction, the chief accounting officer directly owned 189,469 shares of the company’s stock, valued at $1,752,588.25. The trade was a 5.99% 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 166,830 shares of company stock worth $1,543,178. 2.66% of the stock is owned by company insiders.

Institutional Trading of RealReal

Several institutional investors have recently modified their holdings of REAL. Comerica Bank grew its holdings in RealReal by 0.3% during the third quarter. Comerica Bank now owns 351,156 shares of the company’s stock worth $3,733,000 after acquiring an additional 1,156 shares during the period. Larson Financial Group LLC lifted its holdings in RealReal by 40.7% in the 4th quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock valued at $65,000 after acquiring an additional 1,185 shares during the last quarter. Evoke Wealth LLC lifted its holdings in RealReal by 2.9% in the 4th quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock valued at $692,000 after acquiring an additional 1,240 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of RealReal by 25.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after purchasing an additional 1,253 shares in the last quarter. Finally, DRW Securities LLC boosted its position in shares of RealReal by 10.3% during the 4th quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock valued at $280,000 after purchasing an additional 1,650 shares in the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Price Performance

NASDAQ REAL opened at $10.94 on Friday. RealReal has a 12 month low of $7.21 and a 12 month high of $17.39. The firm has a market capitalization of $1.33 billion, a PE ratio of -9.77 and a beta of 2.69. The company’s 50 day simple moving average is $11.43 and its 200 day simple moving average is $11.10.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. Sell-side analysts anticipate that RealReal will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Robert W. Baird set a $13.00 price objective on RealReal in a report on Friday, May 8th. BTIG Research reaffirmed a “buy” rating and set a $17.00 target price on shares of RealReal in a research note on Wednesday, June 3rd. UBS Group lifted their target price on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Roth Capital reiterated a “buy” rating and set a $19.00 price target on shares of RealReal in a research report on Friday, August 7th. Finally, Wall Street Zen cut RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.75.

RealReal Company Profile

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.