RealReal Target of Unusually Large Options Trading (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) was the target of some unusual options trading activity on Thursday. Investors acquired 8,840 call options on the company. This represents an increase of 282% compared to the average volume of 2,316 call options.

Insider Activity

In other news, insider Luke Thomas Friang sold 18,503 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $127,670.70. Following the sale, the insider now directly owns 556,557 shares in the company, valued at approximately $3,840,243.30. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John E. Koryl sold 396,478 shares of RealReal 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 disclosure for this sale can be found here. In the last three months, insiders have sold 654,761 shares of company stock worth $5,592,306. 9.78% of the stock is currently owned by corporate insiders.

Institutional Trading of RealReal

Several hedge funds and other institutional investors have recently made changes to their positions in REAL. Quarry LP boosted its holdings in shares of RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after acquiring an additional 1,569 shares in the last quarter. R Squared Ltd purchased a new stake in shares of RealReal in the fourth quarter valued at about $49,000. XTX Topco Ltd purchased a new stake in shares of RealReal in the third quarter valued at about $63,000. Intech Investment Management LLC purchased a new stake in shares of RealReal in the third quarter valued at about $88,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal in the fourth quarter valued at about $94,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

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RealReal Stock Performance

RealReal stock traded up $0.08 during midday trading on Friday, hitting $5.40. 2,980,470 shares of the company's stock were exchanged, compared to its average volume of 3,472,344. RealReal has a 12-month low of $2.24 and a 12-month high of $11.38. The stock has a market cap of $600.73 million, a price-to-earnings ratio of -4.19 and a beta of 3.00. The firm's 50 day simple moving average is $8.41 and its 200 day simple moving average is $5.83.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $162.69 million. On average, equities research analysts forecast that RealReal will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on REAL shares. UBS Group cut their price target on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Northland Securities lifted their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Two investment 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's stock. According to MarketBeat, RealReal has a consensus rating of "Moderate Buy" and a consensus target price of $8.33.

About RealReal

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.