RealReal (NASDAQ:REAL) Trading Up 3.8% - Still a Buy?

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) shares were up 3.8% during mid-day trading on Tuesday . The company traded as high as $5.66 and last traded at $5.59. Approximately 583,057 shares were traded during trading, a decline of 78% from the average daily volume of 2,609,710 shares. The stock had previously closed at $5.39.

Analysts Set New Price Targets

Several research firms recently commented on REAL. Northland Securities raised their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research note on Tuesday, December 17th. UBS Group decreased their price target on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. 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 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $8.33.

RealReal Price Performance

The company has a market capitalization of $588.50 million, a PE ratio of -4.10 and a beta of 2.90. The company's fifty day moving average is $6.93 and its 200-day moving average is $6.28.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. Equities research analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Remove Ads

Insiders Place Their Bets

In related news, CEO John E. Koryl sold 396,478 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gopal Ajay Madan sold 102,386 shares of RealReal stock in a transaction that occurred on Thursday, February 20th. The stock was 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 of the company's stock, valued at $9,157,666.20. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 654,761 shares of company stock worth $5,592,306. 9.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RealReal

Institutional investors and hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC purchased a new position in RealReal in the 3rd quarter worth $88,000. MetLife Investment Management LLC increased its holdings in shares of RealReal by 43.9% in the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company's stock valued at $113,000 after purchasing an additional 10,981 shares during the period. Stifel Financial Corp raised its stake in shares of RealReal by 526.5% in the third quarter. Stifel Financial Corp now owns 129,874 shares of the company's stock worth $408,000 after purchasing an additional 109,143 shares during the last quarter. State Street Corp lifted its holdings in shares of RealReal by 22.3% during the third quarter. State Street Corp now owns 1,701,387 shares of the company's stock worth $5,342,000 after purchasing an additional 310,116 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of RealReal during the third quarter worth about $63,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

About RealReal

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.