RealReal (NASDAQ:REAL) Shares Gap Down - Here's What Happened

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $8.37, but opened at $8.20. RealReal shares last traded at $7.97, with a volume of 1,098,085 shares trading hands.

Analyst Upgrades and Downgrades

REAL has been the subject of a number of research analyst reports. UBS Group upped their price target on RealReal from $3.00 to $3.25 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Wells Fargo & Company raised RealReal from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $4.00 to $15.00 in a report on Monday, December 9th. Finally, Northland Securities increased their price objective on RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, RealReal presently has an average rating of "Moderate Buy" and a consensus target price of $7.38.

RealReal Stock Down 4.5 %

The company has a fifty day moving average of $9.07 and a two-hundred day moving average of $5.32. The stock has a market capitalization of $841.32 million, a price-to-earnings ratio of -8.72 and a beta of 2.83.

Insider Buying and Selling

In related news, CEO John E. Koryl sold 396,478 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Steve Ming Lo sold 96,666 shares of the 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 approximately $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.78% of the company's stock.

Institutional Investors Weigh In On RealReal

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Anchorage Capital Advisors L.P. acquired a new stake in RealReal in the third quarter valued at $10,675,000. Woodson Capital Management LP raised its stake in shares of RealReal by 2.9% during the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company's stock worth $16,956,000 after buying an additional 150,000 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of RealReal by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company's stock worth $53,613,000 after buying an additional 121,626 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of RealReal by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company's stock worth $7,204,000 after buying an additional 44,716 shares during the last quarter. Finally, State Street Corp raised its stake in shares of RealReal by 22.3% during the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company's stock worth $5,342,000 after buying an additional 310,116 shares during the last quarter. Institutional investors and hedge funds 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.