RealReal (NASDAQ:REAL) Trading Up 4.8% – Should You Buy?

The RealReal, Inc. (NASDAQ:REAL) was up 4.8% during mid-day trading on Thursday . The company traded as high as $9.44 and last traded at $9.44. Approximately 435,070 shares were traded during trading, a decline of 87% from the average daily volume of 3,313,195 shares. The stock had previously closed at $9.01.

Analyst Upgrades and Downgrades

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

RealReal Trading Up 0.7 %

The company has a market capitalization of $1.04 billion, a P/E ratio of -10.82 and a beta of 2.87. The company’s fifty day moving average is $7.54 and its 200 day moving average is $4.61.

Insider Transactions at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 391,525 shares in the company, valued at $2,388,302.50. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The disclosure for this sale can be found here. Corporate insiders own 9.78% of the company’s stock.

Institutional Trading of RealReal

Several institutional investors and hedge funds have recently modified their holdings of the business. Anchorage Capital Advisors L.P. purchased a new stake in shares of RealReal during the 3rd quarter valued at $10,675,000. Woodson Capital Management LP raised its stake in shares of RealReal by 2.9% during the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after acquiring an additional 150,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock worth $7,204,000 after acquiring an additional 44,716 shares during the last quarter. State Street Corp grew its holdings in shares of RealReal by 22.3% during the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after purchasing an additional 310,116 shares during the last quarter. Finally, Capricorn Fund Managers Ltd raised its position in 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. Hedge funds and other 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.