RealReal (NASDAQ:REAL) Shares Down 4.9% - Time to Sell?

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) traded down 4.9% during trading on Tuesday . The stock traded as low as $6.43 and last traded at $6.43. 756,645 shares were traded during trading, a decline of 77% from the average session volume of 3,329,022 shares. The stock had previously closed at $6.76.

Analysts Set New Price Targets

Several brokerages have issued reports on REAL. 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. Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, UBS Group decreased 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. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned 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 price target of $8.33.

RealReal Price Performance

The company has a market capitalization of $625.21 million, a price-to-earnings ratio of -4.36 and a beta of 3.00. The business's 50-day moving average price is $7.34 and its two-hundred day moving average price is $6.19.

RealReal (NASDAQ:REAL - Get Free Report) last released its 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 firm had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. As a group, research analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Transactions at RealReal

In related news, CEO John E. Koryl sold 396,478 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gopal Ajay Madan sold 102,386 shares of the firm'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 transaction of $706,463.40. Following the completion of the sale, the chief financial officer now owns 1,327,198 shares in the company, valued at $9,157,666.20. This represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 654,761 shares of company stock valued at $5,592,306. Company insiders own 9.78% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. AWM Investment Company Inc. boosted its position in RealReal by 40.3% during the 4th quarter. AWM Investment Company Inc. now owns 1,373,847 shares of the company's stock worth $15,016,000 after buying an additional 394,748 shares during the period. PharVision Advisers LLC acquired a new stake in RealReal in the fourth quarter valued at $133,000. Voloridge Investment Management LLC bought a new position in RealReal during the 4th quarter worth $17,138,000. Two Sigma Advisers LP lifted its holdings in RealReal by 8.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company's stock worth $24,867,000 after buying an additional 181,300 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in RealReal by 26.3% during the 4th quarter. Two Sigma Investments LP now owns 2,189,454 shares of the company's stock worth $23,931,000 after buying an additional 456,425 shares during the period. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.