RealReal (NASDAQ:REAL) Shares Down 4.4% – Here’s Why

The RealReal, Inc. (NASDAQ:REAL) was down 4.4% on Wednesday . The company traded as low as $9.61 and last traded at $9.49. Approximately 726,826 shares were traded during trading, a decline of 77% from the average daily volume of 3,199,070 shares. The stock had previously closed at $9.93.

Wall Street Analysts Forecast Growth

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

RealReal Price Performance

The company’s fifty day simple moving average is $8.11 and its 200-day simple moving average is $4.83. The firm has a market capitalization of $1.04 billion, a PE ratio of -10.76 and a beta of 2.87.

Insider Buying and Selling

In other news, CEO John E. Koryl sold 396,478 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Steve Ming Lo sold 96,666 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the transaction, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.78% of the stock is currently owned by company insiders.

Institutional Trading of RealReal

Several hedge funds have recently modified their holdings of REAL. R Squared Ltd purchased a new stake in RealReal during the fourth quarter worth approximately $49,000. JPMorgan Chase & Co. increased its stake in RealReal by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company’s stock valued at $2,319,000 after buying an additional 97,700 shares during the period. Barclays PLC lifted its position in RealReal by 306.7% in the third quarter. Barclays PLC now owns 136,262 shares of the company’s stock valued at $428,000 after purchasing an additional 102,759 shares during the period. Geode Capital Management LLC increased its holdings in RealReal by 2.0% in the third 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 in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of RealReal in the third quarter valued at approximately $63,000. 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.