RealReal Target of Unusually Large Options Trading (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL) was the recipient of some unusual options trading on Thursday. Investors acquired 6,048 call options on the company. This represents an increase of 243% compared to the average volume of 1,763 call options.

Analyst Upgrades and Downgrades

REAL has been the topic of a number of recent analyst reports. Northland Capmk upgraded RealReal to a “strong-buy” rating in a report on Monday, September 16th. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Securities increased their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, UBS Group lifted their target price on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Two investment 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.38.

RealReal Stock Down 4.9 %

Shares of NASDAQ:REAL traded down $0.54 during mid-day trading on Thursday, reaching $10.39. 1,745,143 shares of the stock were exchanged, compared to its average volume of 2,738,459. The company has a market cap of $1.14 billion, a P/E ratio of -11.81 and a beta of 3.09. The stock’s 50 day simple moving average is $6.25 and its 200-day simple moving average is $4.17. RealReal has a one year low of $1.52 and a one year high of $11.38.

Insider Buying and Selling at RealReal

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of RealReal 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 sale, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.78% of the company’s stock.

Institutional Trading of RealReal

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Anchorage Capital Advisors L.P. bought a new position in RealReal in the third quarter valued at $10,675,000. Renaissance Technologies LLC bought a new position in RealReal in the second quarter valued at approximately $1,563,000. Capricorn Fund Managers Ltd increased its position in shares of RealReal by 40.4% during 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 last quarter. Walleye Capital LLC bought a new stake in shares of RealReal during the 3rd quarter worth approximately $1,163,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of RealReal by 309.9% in the 2nd quarter. NewEdge Advisors LLC now owns 435,554 shares of the company’s stock valued at $1,389,000 after buying an additional 329,303 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.