RealReal (NASDAQ:REAL) Shares Down 4.9% – Here’s What Happened

Shares of The RealReal, Inc. (NASDAQ:REAL) fell 4.9% during trading on Tuesday . The company traded as low as $6.43 and last traded at $6.43. 756,645 shares were traded during mid-day trading, a decline of 77% from the average session volume of 3,329,022 shares. The stock had previously closed at $6.76.

Analyst Ratings Changes

REAL has been the topic of a number of research analyst reports. UBS Group dropped their target price on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Northland Securities raised 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. Finally, Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $8.33.

RealReal Stock Performance

The company has a market cap of $698.63 million, a P/E ratio of -4.87 and a beta of 3.00. The stock’s fifty day moving average price is $7.59 and its two-hundred day moving average price is $6.11.

RealReal (NASDAQ:REAL) last issued 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 business had revenue of $164.00 million during the quarter, compared to analysts’ expectations of $162.69 million. On average, equities research analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Activity

In other RealReal news, CEO John E. Koryl sold 396,478 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Steve Ming Lo sold 23,477 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $161,991.30. Following the sale, the chief accounting officer now owns 330,117 shares in the company, valued at approximately $2,277,807.30. This trade represents a 6.64 % decrease in their ownership of the stock. 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. Corporate insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Several hedge funds have recently added to or reduced their stakes in REAL. Quarry LP raised its position in RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after purchasing an additional 1,569 shares during the last quarter. R Squared Ltd bought a new stake in shares of RealReal in the 4th quarter valued at $49,000. XTX Topco Ltd bought a new position in RealReal during the third quarter worth $63,000. Intech Investment Management LLC acquired a new position in RealReal in the third quarter valued at $88,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in RealReal during the fourth quarter valued at $94,000. 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.