The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s stock price dropped 11.1% on Tuesday . The stock traded as low as $5.60 and last traded at $5.54. Approximately 1,830,025 shares traded hands during trading, a decline of 44% from the average daily volume of 3,293,875 shares. The stock had previously closed at $6.23.
Analysts Set New Price Targets
REAL has been the topic of several recent analyst reports. Northland Securities raised their price objective on RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a research note on Tuesday, December 17th. Wells Fargo & Company upgraded RealReal from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, UBS Group dropped their price objective on RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, RealReal has an average rating of "Moderate Buy" and a consensus price target of $8.33.
View Our Latest Stock Analysis on REAL
RealReal Stock Performance
The company has a market capitalization of $600.73 million, a P/E ratio of -4.19 and a beta of 3.00. The stock has a 50 day moving average price of $8.41 and a 200 day moving average price of $5.83.
RealReal (NASDAQ:REAL - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. As a group, sell-side analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current year.
Insider Buying and Selling at RealReal
In other RealReal news, CEO John E. Koryl sold 396,478 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 556,557 shares of the company's stock, valued at approximately $3,840,243.30. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 654,761 shares of company stock valued at $5,592,306 in the last quarter. 9.78% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On RealReal
Institutional investors have recently modified their holdings of the stock. State Street Corp lifted its holdings in RealReal by 22.3% in the third quarter. State Street Corp now owns 1,701,387 shares of the company's stock valued at $5,342,000 after acquiring an additional 310,116 shares during the period. Barclays PLC grew its holdings in RealReal by 306.7% during the 3rd quarter. Barclays PLC now owns 136,262 shares of the company's stock valued at $428,000 after buying an additional 102,759 shares in the last quarter. Crestwood Capital Management L.P. grew its holdings in RealReal by 20.6% during the 3rd quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company's stock valued at $3,748,000 after buying an additional 204,226 shares in the last quarter. Anthracite Investment Company Inc. grew its holdings in RealReal by 62.0% during the 3rd quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company's stock valued at $2,340,000 after buying an additional 285,304 shares in the last quarter. Finally, Woodson Capital Management LP boosted its holdings in shares of RealReal by 2.9% in the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company's stock worth $16,956,000 after purchasing an additional 150,000 shares during the period. 64.73% of the stock is owned by hedge funds and other institutional investors.
About RealReal
(
Get Free Report)
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.
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