RealReal (NASDAQ:REAL) Trading 8.2% Higher – What’s Next?

The RealReal, Inc. (NASDAQ:REAL) shot up 8.2% on Thursday . The stock traded as high as $15.80 and last traded at $15.9180. 1,398,395 shares changed hands during trading, a decline of 60% from the average session volume of 3,506,524 shares. The stock had previously closed at $14.71.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on REAL shares. BTIG Research raised their price target on RealReal from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Roth Capital set a $17.50 price target on RealReal and gave the company a “buy” rating in a research note on Wednesday, October 29th. William Blair initiated coverage on shares of RealReal in a research report on Monday. They set an “outperform” rating for the company. UBS Group raised their price objective on shares of RealReal from $10.50 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Finally, KeyCorp upgraded shares of RealReal from a “sector weight” rating to an “overweight” rating and set a $16.00 target price for the company in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, RealReal has an average rating of “Moderate Buy” and a consensus price target of $16.36.

RealReal Stock Performance

The stock has a 50-day moving average price of $12.86 and a two-hundred day moving average price of $9.12. The stock has a market capitalization of $1.85 billion, a PE ratio of -11.51 and a beta of 2.68.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The business had revenue of $173.57 million for the quarter, compared to analyst estimates of $169.01 million. As a group, equities analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Insiders Place Their Bets

In other RealReal news, insider Todd A. Suko sold 75,693 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $14.08, for a total value of $1,065,757.44. Following the completion of the transaction, the insider directly owned 711,054 shares in the company, valued at $10,011,640.32. This represents a 9.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Steve Ming Lo sold 59,789 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $14.46, for a total transaction of $864,548.94. Following the sale, the chief accounting officer directly owned 249,553 shares of the company’s stock, valued at approximately $3,608,536.38. This trade represents a 19.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 15,823,249 shares of company stock valued at $209,258,341. Insiders own 9.00% of the company’s stock.

Institutional Trading of RealReal

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of RealReal by 7.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,929,807 shares of the company’s stock worth $63,034,000 after acquiring an additional 425,674 shares in the last quarter. Kanen Wealth Management LLC lifted its position in RealReal by 26.2% during the second quarter. Kanen Wealth Management LLC now owns 4,708,623 shares of the company’s stock valued at $22,554,000 after purchasing an additional 978,660 shares during the last quarter. Marshall Wace LLP lifted its position in RealReal by 3.4% during the second quarter. Marshall Wace LLP now owns 4,321,577 shares of the company’s stock valued at $20,700,000 after purchasing an additional 143,165 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of RealReal by 6.6% in the 3rd quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company’s stock worth $27,944,000 after buying an additional 162,804 shares in the last quarter. Finally, Divisadero Street Capital Management LP increased its holdings in shares of RealReal by 652.5% in the 3rd quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock worth $27,636,000 after buying an additional 2,254,300 shares during the last quarter. 64.73% of the stock is currently owned by 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.