The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s stock price traded down 7% during trading on Thursday . The company traded as low as $5.43 and last traded at $5.45. 717,769 shares changed hands during trading, a decline of 79% from the average session volume of 3,414,672 shares. The stock had previously closed at $5.86.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on REAL shares. Northland Securities lifted their target price on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. Wells Fargo & Company upgraded RealReal from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $4.00 to $15.00 in a research report on Monday, December 9th. Finally, UBS Group cut their price objective on RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Two equities 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. According to MarketBeat, RealReal currently has an average rating of "Moderate Buy" and an average price target of $8.33.
Get Our Latest Analysis on RealReal
RealReal Stock Up 2.4 %
The firm has a 50-day moving average of $7.91 and a two-hundred day moving average of $5.96. The stock has a market capitalization of $639.11 million, a price-to-earnings ratio of -4.45 and a beta of 3.00.
RealReal (NASDAQ:REAL - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share 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 the consensus estimate of $162.69 million. As a group, sell-side analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.
Insider Activity at RealReal
In other news, CAO Steve Ming Lo sold 23,477 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $161,991.30. Following the transaction, the chief accounting officer now directly owns 330,117 shares in the company, valued at $2,277,807.30. The trade was a 6.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John E. Koryl sold 396,478 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 654,761 shares of company stock valued at $5,592,306. Corporate insiders own 9.78% of the company's stock.
Hedge Funds Weigh In On RealReal
Hedge funds have recently added to or reduced their stakes in the company. Quarry LP grew its position in RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after acquiring an additional 1,569 shares in the last quarter. R Squared Ltd acquired a new stake in shares of RealReal in the 4th quarter valued at $49,000. Harvest Fund Management Co. Ltd bought a new stake in RealReal in the fourth quarter worth $94,000. Jag Capital Management LLC acquired a new position in RealReal during the fourth quarter worth $126,000. Finally, PharVision Advisers LLC bought a new position in RealReal during the fourth quarter valued at about $133,000. Institutional investors and hedge funds own 64.73% of the company's stock.
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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