The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s share price rose 6.6% on Wednesday . The company traded as high as $6.02 and last traded at $6.08. Approximately 1,202,186 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 2,559,759 shares. The stock had previously closed at $5.70.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Wells Fargo & Company upgraded RealReal from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Securities increased their price objective on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. Finally, UBS Group reduced their target price on RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, RealReal currently has an average rating of "Moderate Buy" and a consensus price target of $8.33.
View Our Latest Report on REAL
RealReal Price Performance
The company has a 50 day moving average of $7.62 and a 200-day moving average of $6.05. The company has a market cap of $693.07 million, a P/E ratio of -4.83 and a beta of 3.00.
RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly 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 analysts' expectations of $162.69 million. Research analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current year.
Insiders Place Their Bets
In other RealReal news, CFO Gopal Ajay Madan sold 102,386 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value 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 represents a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John E. Koryl sold 396,478 shares of the business's stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 654,761 shares of company stock valued at $5,592,306 in the last quarter. Corporate insiders own 9.78% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Quarry LP boosted its holdings in RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after acquiring an additional 1,569 shares during the period. R Squared Ltd purchased a new stake in shares of RealReal during the fourth quarter valued at approximately $49,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal during the fourth quarter valued at approximately $94,000. Jag Capital Management LLC bought a new position in shares of RealReal in the fourth quarter worth approximately $126,000. Finally, PharVision Advisers LLC purchased a new position in shares of RealReal in the fourth quarter worth $133,000. Hedge funds and other institutional investors own 64.73% of the company's stock.
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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