RealReal (NASDAQ:REAL) Stock Price Down 4.4% – Here’s What Happened

Shares of The RealReal, Inc. (NASDAQ:REAL) traded down 4.4% during mid-day trading on Wednesday . The stock traded as low as $9.61 and last traded at $9.49. 726,826 shares changed hands during trading, a decline of 77% from the average session volume of 3,199,070 shares. The stock had previously closed at $9.93.

Wall Street Analysts Forecast Growth

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

RealReal Price Performance

The stock’s 50 day simple moving average is $7.89 and its two-hundred day simple moving average is $4.77. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -10.70 and a beta of 2.87.

Insider Activity

In other news, CEO John E. Koryl sold 396,478 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the sale, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.78% of the stock is owned by corporate insiders.

Institutional Trading of RealReal

A number of large investors have recently bought and sold shares of REAL. JPMorgan Chase & Co. boosted its position in RealReal by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company’s stock worth $2,319,000 after acquiring an additional 97,700 shares during the last quarter. Barclays PLC boosted its holdings in shares of RealReal by 306.7% in the 3rd quarter. Barclays PLC now owns 136,262 shares of the company’s stock valued at $428,000 after buying an additional 102,759 shares during the last quarter. Geode Capital Management LLC boosted 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 valued at $7,204,000 after buying an additional 44,716 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of RealReal in the 3rd quarter valued at approximately $63,000. Finally, Wexford Capital LP acquired a new stake in shares of RealReal in the 3rd quarter valued at approximately $942,000. 64.73% of the stock is 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.