RealReal Sees Unusually Large Options Volume (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 29,034 call options on the company. This represents an increase of 992% compared to the typical volume of 2,658 call options.

Analyst Upgrades and Downgrades

REAL has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a report on Wednesday, October 8th. B. Riley raised their price objective on RealReal from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. UBS Group boosted their target price on RealReal from $8.00 to $10.50 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. KeyCorp raised RealReal from a “sector weight” rating to an “overweight” rating and set a $16.00 price target on the stock in a research report on Wednesday, November 5th. Finally, BTIG Research boosted their price objective on RealReal from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.50.

RealReal Stock Performance

Shares of REAL stock traded up $0.31 on Monday, hitting $11.30. The company’s stock had a trading volume of 4,412,020 shares, compared to its average volume of 3,453,047. RealReal has a fifty-two week low of $3.68 and a fifty-two week high of $12.84. The stock’s 50 day moving average is $10.47 and its 200-day moving average is $7.51. The company has a market capitalization of $1.30 billion, a PE ratio of -10.61 and a beta of 2.54.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.02. The firm had revenue of $165.19 million for the quarter, compared to analyst estimates of $159.17 million. On average, research analysts forecast that RealReal will post -0.4 earnings per share for the current year.

Insider Buying and Selling at RealReal

In other news, CEO Levesque Rati Sahi sold 260,171 shares of RealReal stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $7.94, for a total value of $2,065,757.74. Following the transaction, the chief executive officer directly owned 1,803,044 shares in the company, valued at approximately $14,316,169.36. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On RealReal

A number of hedge funds and other institutional investors have recently made changes to their positions in REAL. Vanguard Group Inc. boosted its position in shares of RealReal by 7.7% during the third quarter. Vanguard Group Inc. now owns 5,929,807 shares of the company’s stock valued at $63,034,000 after buying an additional 425,674 shares during the last quarter. Kanen Wealth Management LLC grew its position in RealReal by 26.2% during the second quarter. Kanen Wealth Management LLC now owns 4,708,623 shares of the company’s stock valued at $22,554,000 after buying an additional 978,660 shares during the period. Marshall Wace LLP grew its position in shares of RealReal by 3.4% during the 2nd quarter. Marshall Wace LLP now owns 4,321,577 shares of the company’s stock valued at $20,700,000 after acquiring an additional 143,165 shares during the period. Jupiter Asset Management Ltd. increased its position in RealReal by 501.0% in the third quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock worth $20,846,000 after buying an additional 1,634,782 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of RealReal by 10.1% in the second quarter. Squarepoint Ops LLC now owns 1,927,599 shares of the company’s stock valued at $9,233,000 after buying an additional 176,412 shares during the period. 64.73% of the stock is owned by institutional investors and hedge funds.

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.