RealReal (NASDAQ:REAL) Stock Price Up 4.5% - Should You Buy?

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) shares were up 4.5% during mid-day trading on Monday . The company traded as high as $6.77 and last traded at $6.75. Approximately 1,595,980 shares were traded during trading, a decline of 52% from the average daily volume of 3,344,605 shares. The stock had previously closed at $6.46.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Northland Securities lifted their price target on shares of RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. UBS Group reduced their target price on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company raised shares of RealReal from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $8.33.

RealReal Price Performance

The firm has a market capitalization of $734.38 million, a price-to-earnings ratio of -5.19 and a beta of 2.83. The business's 50-day moving average price is $8.94 and its 200 day moving average price is $5.67.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $162.69 million. As a group, sell-side analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Remove Ads

Insider Buying and Selling at RealReal

In other news, CFO Gopal Ajay Madan sold 102,386 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the sale, the chief financial officer now owns 1,327,198 shares in the company, valued at approximately $9,157,666.20. This represents a 7.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of RealReal stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the transaction, the insider now owns 556,557 shares of the company's stock, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 751,427 shares of company stock worth $6,181,969 in the last 90 days. 9.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. State Street Corp increased its holdings in shares of RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company's stock valued at $5,342,000 after acquiring an additional 310,116 shares during the last quarter. Barclays PLC increased its stake in RealReal by 306.7% during the third quarter. Barclays PLC now owns 136,262 shares of the company's stock valued at $428,000 after purchasing an additional 102,759 shares during the last quarter. Crestwood Capital Management L.P. raised its holdings in shares of RealReal by 20.6% during the third quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company's stock worth $3,748,000 after purchasing an additional 204,226 shares during the period. Anthracite Investment Company Inc. lifted its position in shares of RealReal by 62.0% in the 3rd quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company's stock worth $2,340,000 after buying an additional 285,304 shares during the last quarter. Finally, Woodson Capital Management LP boosted its holdings in shares of RealReal by 2.9% in the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company's stock valued at $16,956,000 after buying an additional 150,000 shares during the period. Institutional investors own 64.73% of the company's stock.

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.