RealReal (NASDAQ:REAL) Shares Gap Down – Here’s Why

The RealReal, Inc. (NASDAQ:REAL) gapped down prior to trading on Monday . The stock had previously closed at $8.37, but opened at $8.20. RealReal shares last traded at $7.97, with a volume of 1,098,085 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on REAL shares. Northland Securities boosted their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. UBS Group upped their target price on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, four have assigned 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 a consensus price target of $7.38.

RealReal Price Performance

The business has a 50-day moving average of $9.07 and a 200 day moving average of $5.32.

Insider Activity

In related news, CEO John E. Koryl sold 396,478 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Steve Ming Lo sold 96,666 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the transaction, the chief accounting officer now directly owns 391,525 shares in the company, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Several institutional investors have recently bought and sold shares of the stock. R Squared Ltd bought a new position in RealReal during the 4th quarter valued at $49,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal in the fourth quarter valued at about $94,000. Jag Capital Management LLC bought a new position in shares of RealReal during the fourth quarter valued at about $126,000. Olympiad Research LP purchased a new position in RealReal during the fourth quarter worth about $136,000. Finally, Park Edge Advisors LLC bought a new stake in RealReal in the 3rd quarter worth about $41,000. 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.