RealReal (NASDAQ:REAL) Trading Up 9.9% – Time to Buy?

The RealReal, Inc. (NASDAQ:REAL) shot up 9.9% during mid-day trading on Monday . The stock traded as high as $5.22 and last traded at $5.21. 1,612,248 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 2,594,634 shares. The stock had previously closed at $4.74.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on REAL. Wedbush reduced their target price on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Robert W. Baird reduced their price objective on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. UBS Group lifted their price objective on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Northland Securities assumed coverage on shares of RealReal in a research note on Monday, September 16th. They set an “outperform” rating and a $6.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4.46.

RealReal Price Performance

The stock’s 50 day simple moving average is $3.38 and its two-hundred day simple moving average is $3.33. The stock has a market cap of $584.65 million, a P/E ratio of -5.85 and a beta of 2.79.

Insider Buying and Selling at RealReal

In other news, Director Karen Katz sold 33,000 shares of RealReal stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total value of $86,460.00. Following the sale, the director now directly owns 201,301 shares in the company, valued at $527,408.62. This trade represents a 14.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.78% of the company’s stock.

Institutional Trading of RealReal

Hedge funds and other institutional investors have recently made changes to their positions in the business. Drive Wealth Management LLC acquired a new stake in shares of RealReal in the second quarter valued at approximately $32,000. Calamos Advisors LLC acquired a new stake in shares of RealReal in the second quarter valued at approximately $34,000. Evoke Wealth LLC acquired a new stake in shares of RealReal in the second quarter valued at approximately $36,000. Principal Financial Group Inc. acquired a new stake in shares of RealReal in the second quarter valued at approximately $39,000. Finally, Park Edge Advisors LLC acquired a new stake in shares of RealReal in the third quarter valued at approximately $41,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.