The RealReal, Inc. (NASDAQ:REAL - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $5.57, but opened at $5.36. RealReal shares last traded at $5.80, with a volume of 88,939 shares.
Analyst Ratings Changes
Several research firms recently commented on REAL. UBS Group cut their price target on RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company upgraded RealReal from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Finally, Northland Securities upped their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $8.33.
View Our Latest Report on REAL
RealReal Stock Performance
The business's 50 day moving average price is $6.93 and its 200-day moving average price is $6.30. The firm has a market capitalization of $561.24 million, a PE ratio of -3.96 and a beta of 2.90.
RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly 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 business had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. As a group, analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current year.
Insider Buying and Selling at RealReal
In related news, CEO Levesque Rati Sahi sold 113,917 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $786,027.30. Following the transaction, the chief executive officer now owns 2,307,199 shares of the company's stock, valued at $15,919,673.10. This trade represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 sale, the insider now directly owns 556,557 shares of the company's stock, valued at approximately $3,840,243.30. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 258,283 shares of company stock valued at $1,782,153. Insiders own 9.78% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Voloridge Investment Management LLC acquired a new position in RealReal during the 4th quarter worth approximately $17,138,000. Norges Bank purchased a new stake in RealReal in the 4th quarter valued at approximately $11,989,000. Driehaus Capital Management LLC acquired a new stake in shares of RealReal during the fourth quarter valued at $10,370,000. Invesco Ltd. lifted its stake in shares of RealReal by 413.4% during the 4th quarter. Invesco Ltd. now owns 1,053,911 shares of the company's stock worth $11,519,000 after purchasing an additional 848,640 shares during the period. Finally, Quinn Opportunity Partners LLC increased its stake in shares of RealReal by 233.3% during the 4th quarter. Quinn Opportunity Partners LLC now owns 1,066,057 shares of the company's stock valued at $11,652,000 after acquiring an additional 746,172 shares during the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.
About RealReal
(
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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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