RealReal (NASDAQ:REAL) Trading Down 4.9% – Here’s Why

The RealReal, Inc. (NASDAQ:REAL)’s stock price was down 4.9% during trading on Tuesday . The stock traded as low as $6.43 and last traded at $6.43. Approximately 756,645 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 3,329,022 shares. The stock had previously closed at $6.76.

Wall Street Analyst Weigh In

REAL has been the topic of several research analyst reports. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $4.00 to $15.00 in a report on Monday, December 9th. UBS Group reduced their target price on RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, Northland Securities raised their price target on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, RealReal presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.33.

RealReal Trading Down 4.6 %

The business’s fifty day moving average price is $7.49 and its 200-day moving average price is $6.14. The company has a market capitalization of $646.35 million, a P/E ratio of -4.50 and a beta of 3.00.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The business had revenue of $164.00 million during the quarter, compared to analysts’ expectations of $162.69 million. As a group, equities research analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Buying and Selling

In other news, insider Luke Thomas Friang sold 18,503 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the transaction, the insider now directly owns 556,557 shares of the company’s stock, valued at approximately $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Levesque Rati Sahi sold 113,917 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $786,027.30. Following the completion of the sale, the chief executive officer now directly owns 2,307,199 shares of the company’s stock, valued at approximately $15,919,673.10. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 654,761 shares of company stock worth $5,592,306 in the last quarter. 9.78% of the stock is owned by insiders.

Hedge Funds Weigh In On RealReal

Several institutional investors and hedge funds have recently bought and sold shares of REAL. Anchorage Capital Advisors L.P. purchased a new stake in shares of RealReal during the third quarter valued at approximately $10,675,000. Voloridge Investment Management LLC bought a new stake in RealReal during the 4th quarter valued at $17,138,000. Norges Bank purchased a new stake in RealReal during the 4th quarter valued at $11,989,000. Driehaus Capital Management LLC purchased a new stake in RealReal during the 4th quarter valued at $10,370,000. Finally, Invesco Ltd. grew its holdings in RealReal by 413.4% in the 4th quarter. Invesco Ltd. now owns 1,053,911 shares of the company’s stock worth $11,519,000 after acquiring an additional 848,640 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors.

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.