RealReal (NASDAQ:REAL) Trading 6.9% Higher – Here’s Why

The RealReal, Inc. (NASDAQ:REAL) rose 6.9% during mid-day trading on Friday . The stock traded as high as $10.08 and last traded at $9.93. Approximately 2,019,853 shares traded hands during trading, a decline of 32% from the average daily volume of 2,954,664 shares. The stock had previously closed at $9.29.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on REAL. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. UBS Group lifted their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Northland Securities lifted their price target on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, RealReal currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Trading Up 3.6 %

The firm has a market capitalization of $1.06 billion, a P/E ratio of -10.93 and a beta of 2.87. The business’s fifty day moving average is $8.62 and its 200 day moving average is $5.04.

Insider Transactions at RealReal

In other RealReal news, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the transaction, the chief accounting officer now owns 391,525 shares in the company, valued at $2,388,302.50. This represents a 19.80 % decrease in their position. The disclosure for this sale can be found here. 9.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of RealReal during the 4th quarter valued at $49,000. Fortis Group Advisors LLC raised its holdings in RealReal by 11.0% during the third quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company’s stock valued at $244,000 after buying an additional 7,686 shares in the last quarter. Rhumbline Advisers lifted its position in shares of RealReal by 7.4% in the fourth quarter. Rhumbline Advisers now owns 143,743 shares of the company’s stock worth $1,571,000 after buying an additional 9,893 shares during the last quarter. Quantum Private Wealth LLC boosted its stake in shares of RealReal by 6.1% during the 3rd quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock worth $544,000 after acquiring an additional 10,000 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of RealReal by 43.9% during the 3rd quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock valued at $113,000 after acquiring an additional 10,981 shares during the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

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.