RealReal (NASDAQ:REAL) Shares Down 4.9% – Should You Sell?

The RealReal, Inc. (NASDAQ:REAL) shares fell 4.9% during trading on Monday . The stock traded as low as $10.47 and last traded at $10.3910. 678,370 shares were traded during trading, a decline of 80% from the average session volume of 3,325,927 shares. The stock had previously closed at $10.93.

Wall Street Analysts Forecast Growth

REAL has been the subject of a number of research analyst reports. UBS Group lifted their target price on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Robert W. Baird set a $13.00 price target on RealReal in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th. Roth Capital restated a “buy” rating and issued a $19.00 price objective on shares of RealReal in a report on Friday, August 7th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $17.00 price objective on shares of RealReal in a research note on Wednesday, June 3rd. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.75.

RealReal Price Performance

The company has a market capitalization of $1.22 billion, a PE ratio of -8.94 and a beta of 2.69. The company’s fifty day moving average is $11.50 and its 200-day moving average is $10.82.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $192.57 million for the quarter, compared to analysts’ expectations of $188.11 million. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts forecast that The RealReal, Inc. will post -0.13 EPS for the current fiscal year.

Insider Transactions at RealReal

In other news, CFO Gopal Ajay Madan sold 36,418 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $399,869.64. Following the completion of the transaction, the chief financial officer directly owned 1,108,860 shares of the company’s stock, valued at approximately $12,175,282.80. The trade was a 3.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Levesque Rati Sahi sold 84,432 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $927,063.36. Following the sale, the chief executive officer owned 1,496,844 shares of the company’s stock, valued at $16,435,347.12. This trade represents a 5.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 173,004 shares of company stock worth $1,899,283. Company insiders own 2.66% of the company’s stock.

Institutional Trading of RealReal

A number of institutional investors have recently modified their holdings of REAL. BlackRock Inc. bought a new position in shares of RealReal during the 2nd quarter worth approximately $134,510,000. Vanguard Group Inc. boosted its stake in RealReal by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company’s stock valued at $99,991,000 after acquiring an additional 406,789 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in RealReal by 58.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock valued at $36,765,000 after acquiring an additional 1,489,939 shares in the last quarter. State Street Corp boosted its stake in RealReal by 4.2% in the fourth quarter. State Street Corp now owns 2,746,238 shares of the company’s stock valued at $43,336,000 after acquiring an additional 111,677 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in RealReal by 6.6% in the third quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company’s stock worth $27,944,000 after purchasing an additional 162,804 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.