RealReal (NASDAQ:REAL) Trading Down 4.8% – Should You Sell?

The RealReal, Inc. (NASDAQ:REAL)’s stock price dropped 4.8% during mid-day trading on Thursday . The company traded as low as $10.39 and last traded at $10.40. Approximately 1,616,038 shares traded hands during trading, a decline of 41% from the average daily volume of 2,738,459 shares. The stock had previously closed at $10.93.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Northland Securities raised their price objective on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, UBS Group lifted their price target on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.38.

RealReal Trading Down 5.6 %

The company has a market capitalization of $1.13 billion, a P/E ratio of -11.73 and a beta of 3.09. The business’s 50-day simple moving average is $6.25 and its 200 day simple moving average is $4.17.

Insider Transactions at RealReal

In related news, CAO Steve Ming Lo sold 96,666 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RealReal

Institutional investors have recently made changes to their positions in the company. Anchorage Capital Advisors L.P. bought a new position in RealReal during the third quarter valued at approximately $10,675,000. Woodson Capital Management LP boosted its holdings in shares of RealReal by 2.9% during the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after buying an additional 150,000 shares during the period. Geode Capital Management LLC grew its stake in 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. State Street Corp raised its holdings in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock worth $5,342,000 after acquiring an additional 310,116 shares during the period. Finally, Capricorn Fund Managers Ltd lifted its position in 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 acquiring an additional 404,949 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.