RealReal (NASDAQ:REAL) Trading Down 4.8% – Time to Sell?

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

Analyst Ratings Changes

REAL has been the subject of a number of research analyst reports. Northland Capmk raised RealReal to a “strong-buy” rating in a report on Monday, September 16th. UBS Group lifted their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Northland Securities lifted their price target 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 raised shares of RealReal from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.38.

RealReal Stock Down 3.5 %

The firm has a 50 day moving average of $6.39 and a two-hundred day moving average of $4.21. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -10.80 and a beta of 3.09.

Insider Activity

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of the business’s stock in a transaction that occurred 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 directly 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 legal filing with the SEC, which can be accessed through this link. 9.78% of the stock is owned by corporate insiders.

Institutional Trading of RealReal

Several institutional investors have recently modified their holdings of REAL. Anchorage Capital Advisors L.P. bought a new stake in shares of RealReal in the 3rd quarter valued at about $10,675,000. Woodson Capital Management LP boosted its holdings in RealReal by 2.9% in the third 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 last quarter. Geode Capital Management LLC increased its position in RealReal by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock valued at $7,204,000 after purchasing an additional 44,716 shares during the period. State Street Corp raised its holdings in RealReal by 22.3% during the 3rd 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 during the last quarter. Finally, Capricorn Fund Managers Ltd lifted its position 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 worth $4,417,000 after purchasing an additional 404,949 shares during the period. 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.