RealReal (NASDAQ:REAL) Shares Down 3.6% - Here's Why

The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s share price traded down 3.6% during mid-day trading on Friday . The stock traded as low as $10.55 and last traded at $10.59. 436,711 shares were traded during mid-day trading, a decline of 84% from the average session volume of 2,709,436 shares. The stock had previously closed at $10.99.

Analysts Set New Price Targets

A number of equities research analysts recently commented on REAL shares. UBS Group upped their price target on shares of RealReal from $3.00 to $3.25 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Northland Capmk upgraded shares of RealReal to a "strong-buy" rating in a research report on Monday, September 16th. Northland Securities increased their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company upgraded RealReal from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $4.00 to $15.00 in a report on Monday, December 9th. Two research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.38.

RealReal Stock Performance

The company's 50-day moving average price is $5.77 and its 200 day moving average price is $4.01. The stock has a market capitalization of $1.19 billion, a PE ratio of -12.34 and a beta of 3.08.

Insiders Place Their Bets

In related news, CAO Steve Ming Lo sold 96,666 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the sale, the chief accounting officer now directly owns 391,525 shares of the company's stock, valued at $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RealReal

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in RealReal by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock worth $2,319,000 after purchasing an additional 97,700 shares during the period. Barclays PLC boosted its position in shares of RealReal by 306.7% in the 3rd quarter. Barclays PLC now owns 136,262 shares of the company's stock worth $428,000 after purchasing an additional 102,759 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company's stock worth $7,204,000 after purchasing an additional 44,716 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of RealReal in the 3rd quarter worth approximately $63,000. Finally, Wexford Capital LP bought a new position in RealReal during the 3rd quarter valued at approximately $942,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

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.