RealReal (NASDAQ:REAL) Trading Down 6.1% – What’s Next?

Shares of The RealReal, Inc. (NASDAQ:REAL) were down 6.1% during trading on Friday . The stock traded as low as $4.79 and last traded at $4.83. Approximately 418,408 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 2,663,510 shares. The stock had previously closed at $5.14.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on REAL. Northland Securities boosted their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. UBS Group dropped their target price on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, RealReal currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.33.

RealReal Stock Down 4.7 %

The firm has a fifty day moving average of $6.44 and a 200-day moving average of $6.34. The stock has a market capitalization of $545.00 million, a price-to-earnings ratio of -3.79 and a beta of 2.90.

RealReal (NASDAQ:REAL) last announced its quarterly 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 firm had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. As a group, research analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Insider Activity

In related news, CFO Gopal Ajay Madan sold 102,386 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $706,463.40. Following the transaction, the chief financial officer now owns 1,327,198 shares of the company’s stock, valued at approximately $9,157,666.20. This represents a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Steve Ming Lo sold 23,477 shares of RealReal 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 $161,991.30. Following the completion of the sale, the chief accounting officer now directly owns 330,117 shares of the company’s stock, valued at $2,277,807.30. The trade was a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 258,283 shares of company stock worth $1,782,153 over the last ninety days. 9.78% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in REAL. Quarry LP increased its stake in RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after purchasing an additional 1,569 shares during the last quarter. R Squared Ltd purchased a new stake in RealReal in the 4th quarter valued at about $49,000. XTX Topco Ltd acquired a new position in shares of RealReal during the 3rd quarter valued at about $63,000. GAMMA Investing LLC increased its stake in shares of RealReal by 6,203.2% during the 1st quarter. GAMMA Investing LLC now owns 13,804 shares of the company’s stock valued at $74,000 after acquiring an additional 13,585 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of RealReal during the 4th quarter worth about $94,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

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.