RealReal Target of Unusually High Options Trading (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) saw some unusual options trading on Thursday. Stock traders bought 6,048 call options on the stock. This is an increase of 243% compared to the typical daily volume of 1,763 call options.

Insider Buying and Selling at RealReal

In related news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction on Monday, December 2nd. The shares were 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 $2,388,302.50. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. State Street Corp raised 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 acquiring an additional 310,116 shares during the period. Crestwood Capital Management L.P. raised its position in shares of RealReal by 20.6% during the 3rd 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. raised its position in shares of RealReal by 62.0% during the 3rd quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company's stock worth $2,340,000 after purchasing an additional 285,304 shares during the period. Woodson Capital Management LP lifted 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 worth $16,956,000 after purchasing an additional 150,000 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in RealReal during the 2nd quarter valued at approximately $1,563,000. 64.73% of the stock is currently owned by institutional investors.

RealReal Price Performance

REAL traded down $1.09 during trading hours on Thursday, hitting $9.84. 6,577,303 shares of the stock were exchanged, compared to its average volume of 2,738,459. RealReal has a 12 month low of $1.52 and a 12 month high of $11.38. The stock has a 50-day simple moving average of $6.39 and a 200-day simple moving average of $4.21. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -11.18 and a beta of 3.09.

Analyst Ratings Changes

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

RealReal Company Profile

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.