RealReal (NASDAQ:REAL) Shares Up 6.6% – Still a Buy?

Shares of The RealReal, Inc. (NASDAQ:REAL) shot up 6.6% during mid-day trading on Wednesday . The stock traded as high as $6.02 and last traded at $6.08. 1,202,186 shares were traded during mid-day trading, a decline of 53% from the average session volume of 2,559,759 shares. The stock had previously closed at $5.70.

Wall Street Analyst Weigh In

Several research firms recently issued reports on REAL. Northland Securities upped their price objective on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. UBS Group decreased their target price on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, RealReal currently has an average rating of “Moderate Buy” and a consensus price target of $8.33.

RealReal Stock Performance

The company has a market cap of $693.07 million, a P/E ratio of -4.83 and a beta of 3.00. The firm’s fifty day moving average is $7.67 and its two-hundred day moving average is $6.00.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. On average, equities research analysts expect that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Buying and Selling

In other RealReal news, CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the transaction, the chief accounting officer now owns 330,117 shares of the company’s stock, valued at $2,277,807.30. This represents a 6.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gopal Ajay Madan sold 102,386 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $706,463.40. Following the transaction, the chief financial officer now directly owns 1,327,198 shares of the company’s stock, valued at $9,157,666.20. This trade represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 654,761 shares of company stock valued at $5,592,306. Company insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in REAL. State Street Corp lifted its holdings in shares of RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after acquiring an additional 310,116 shares during the last quarter. Barclays PLC lifted its holdings in shares of RealReal by 306.7% in the 3rd quarter. Barclays PLC now owns 136,262 shares of the company’s stock valued at $428,000 after acquiring an additional 102,759 shares during the last quarter. Crestwood Capital Management L.P. lifted its holdings in shares of RealReal by 20.6% in the 3rd quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock valued at $3,748,000 after acquiring an additional 204,226 shares during the last quarter. 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 valued at $16,956,000 after acquiring an additional 150,000 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of RealReal by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company’s stock valued at $2,319,000 after acquiring an additional 97,700 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

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.