RealReal (NASDAQ:REAL) Trading 5.7% Higher - What's Next?

The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s share price rose 5.7% on Friday . The company traded as high as $6.47 and last traded at $6.47. Approximately 210,478 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 2,603,414 shares. The stock had previously closed at $6.12.

Analyst Ratings Changes

REAL has been the subject of several recent analyst reports. Northland Securities assumed coverage on RealReal in a research report on Monday, September 16th. They set an "outperform" rating and a $6.00 target price for the company. UBS Group upped their price objective 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 Capmk upgraded RealReal to a "strong-buy" rating in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, RealReal has an average rating of "Moderate Buy" and an average price target of $4.46.

RealReal Stock Performance

The company has a market capitalization of $706.40 million, a PE ratio of -7.32 and a beta of 3.09. The firm has a fifty day simple moving average of $3.92 and a 200 day simple moving average of $3.44.

Insider Activity at RealReal

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the sale, the chief accounting officer now owns 391,525 shares of the company's stock, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of REAL. Crestwood Capital Management L.P. raised its stake in RealReal by 20.6% in the third quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company's stock valued at $3,748,000 after buying an additional 204,226 shares during the last quarter. Anthracite Investment Company Inc. raised 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 valued at $2,340,000 after purchasing an additional 285,304 shares during the last quarter. Woodson Capital Management LP boosted its stake in RealReal by 2.9% in the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company's stock worth $16,956,000 after purchasing an additional 150,000 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in RealReal during the 2nd quarter worth approximately $1,563,000. Finally, Walleye Capital LLC acquired a new position in RealReal during the 3rd quarter valued at approximately $1,163,000. 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.