RealReal (NASDAQ:REAL) Trading Up 9.7% – Should You Buy?
by Teresa Graham · The Cerbat GemThe RealReal, Inc. (NASDAQ:REAL – Get Free Report)’s stock price was up 9.7% during trading on Tuesday . The company traded as high as $5.46 and last traded at $5.61. Approximately 2,027,627 shares changed hands during trading, a decline of 41% from the average daily volume of 3,441,539 shares. The stock had previously closed at $5.11.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Securities raised their target price on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, UBS Group dropped their target price on RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.33.
View Our Latest Analysis on RealReal
RealReal Trading Up 6.5 %
The company has a fifty day simple moving average of $8.29 and a two-hundred day simple moving average of $5.87. The company has a market cap of $605.18 million, a PE ratio of -4.22 and a beta of 3.00.
RealReal (NASDAQ:REAL – Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $162.69 million. On average, research analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.
Insider Activity
In related news, CEO John E. Koryl sold 396,478 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Luke Thomas Friang sold 18,503 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the sale, the insider now directly owns 556,557 shares in the company, valued at approximately $3,840,243.30. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 654,761 shares of company stock worth $5,592,306. 9.78% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Anchorage Capital Advisors L.P. purchased a new stake in RealReal in the third quarter valued at $10,675,000. Voloridge Investment Management LLC acquired a new stake in shares of RealReal during the fourth quarter worth about $17,138,000. Norges Bank purchased a new stake in shares of RealReal in the 4th quarter valued at about $11,989,000. Driehaus Capital Management LLC acquired a new stake in shares of RealReal in the 4th quarter valued at about $10,370,000. Finally, Invesco Ltd. grew its stake in RealReal by 413.4% during the 4th quarter. Invesco Ltd. now owns 1,053,911 shares of the company’s stock worth $11,519,000 after buying an additional 848,640 shares during the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.
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.
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