RealReal (NASDAQ:REAL) Trading Down 4.8% - Here's What Happened

Shares of The RealReal, Inc. (NASDAQ:REAL - Get Free Report) were down 4.8% on Thursday . The stock traded as low as $10.39 and last traded at $10.40. Approximately 1,616,038 shares changed hands during trading, a decline of 41% from the average daily volume of 2,738,459 shares. The stock had previously closed at $10.93.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Capmk raised shares of RealReal to a "strong-buy" rating in a research note on Monday, September 16th. UBS Group raised their target price on RealReal from $3.00 to $3.25 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Finally, Northland Securities upped their price target on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $7.38.

RealReal Stock Performance

The stock has a market capitalization of $1.08 billion, a PE ratio of -11.18 and a beta of 3.09. The stock's 50 day moving average is $6.39 and its two-hundred day moving average is $4.21.

Insider Transactions at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 391,525 shares in the company, valued at $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.78% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Anchorage Capital Advisors L.P. purchased a new stake in RealReal in the 3rd quarter valued at about $10,675,000. Woodson Capital Management LP raised its stake 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 acquiring an additional 150,000 shares during the period. Geode Capital Management LLC lifted its holdings in shares of RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company's stock worth $7,204,000 after acquiring an additional 44,716 shares during the last quarter. State Street Corp lifted its stake in 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 in the last quarter. Finally, Capricorn Fund Managers Ltd raised its holdings in shares of RealReal by 40.4% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company's stock valued at $4,417,000 after buying an additional 404,949 shares during the period. Hedge funds and other 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.