Traders Buy Large Volume of Call Options on RealReal (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL) was the target of unusually large options trading activity on Wednesday. Stock traders purchased 41,630 call options on the company. This represents an increase of 1,429% compared to the average daily volume of 2,723 call options.

Insiders Place Their Bets

In other news, CFO Gopal Ajay Madan sold 51,585 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $9.29, for a total transaction of $479,224.65. Following the completion of the transaction, the chief financial officer directly owned 1,179,307 shares in the company, valued at approximately $10,955,762.03. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Steve Ming Lo sold 16,962 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $181,832.64. Following the completion of the transaction, the chief accounting officer owned 170,236 shares of the company’s stock, valued at $1,824,929.92. The trade was a 9.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 286,883 shares of company stock worth $3,001,619 over the last 90 days. Insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On RealReal

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank raised its position in shares of RealReal by 0.3% during the third quarter. Comerica Bank now owns 351,156 shares of the company’s stock worth $3,733,000 after acquiring an additional 1,156 shares during the last quarter. Larson Financial Group LLC increased its position in RealReal by 40.7% during the 4th quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock valued at $65,000 after purchasing an additional 1,185 shares during the period. Evoke Wealth LLC increased its position in RealReal by 2.9% during the 4th quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock valued at $692,000 after purchasing an additional 1,240 shares during the period. DRW Securities LLC raised its holdings in RealReal by 10.3% during the 4th quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock worth $280,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in RealReal by 4.0% during the 4th quarter. Royal Bank of Canada now owns 44,367 shares of the company’s stock worth $700,000 after purchasing an additional 1,694 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on REAL shares. Robert W. Baird boosted their price objective on RealReal from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. UBS Group increased their target price on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. BTIG Research reissued a “buy” rating and set a $18.00 price target on shares of RealReal in a research note on Friday, February 27th. Wall Street Zen upgraded RealReal from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.06.

RealReal Stock Down 1.6%

NASDAQ REAL opened at $9.00 on Friday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -8.26 and a beta of 2.67. RealReal has a twelve month low of $4.61 and a twelve month high of $17.39. The stock has a fifty day simple moving average of $12.21 and a 200 day simple moving average of $12.68.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.