The RealReal, Inc. (NASDAQ:REAL – Get Free Report) shares traded up 11.3% during trading on Thursday . The company traded as high as $12.41 and last traded at $12.6760. 781,798 shares changed hands during trading, a decline of 76% from the average session volume of 3,317,363 shares. The stock had previously closed at $11.39.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. BTIG Research reaffirmed a “buy” rating and set a $17.00 price objective on shares of RealReal in a report on Wednesday, June 3rd. Wall Street Zen downgraded shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Roth Mkm set a $17.00 price objective on shares of RealReal in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Finally, Robert W. Baird set a $13.00 price objective on shares of RealReal in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.25.
Check Out Our Latest Research Report on REAL
RealReal Price Performance
RealReal (NASDAQ:REAL – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. The business’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the company posted ($0.08) earnings per share. On average, equities research analysts forecast that The RealReal, Inc. will post -0.15 earnings per share for the current year.
Insider Activity
In other news, insider Luke Thomas Friang sold 21,183 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $195,942.75. Following the completion of the transaction, the insider owned 530,676 shares of the company’s stock, valued at approximately $4,908,753. This represents a 3.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Steve Ming Lo sold 12,077 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $111,712.25. Following the completion of the transaction, the chief accounting officer owned 189,469 shares of the company’s stock, valued at approximately $1,752,588.25. The trade was a 5.99% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 166,830 shares of company stock valued at $1,543,178. 2.66% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On RealReal
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank boosted its holdings in shares of RealReal by 0.3% during the 3rd quarter. Comerica Bank now owns 351,156 shares of the company’s stock valued at $3,733,000 after buying an additional 1,156 shares in the last quarter. Larson Financial Group LLC lifted its position in RealReal by 40.7% during the 4th quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock valued at $65,000 after acquiring an additional 1,185 shares during the period. Evoke Wealth LLC boosted its stake in RealReal by 2.9% during the fourth quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock worth $692,000 after acquiring an additional 1,240 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in RealReal by 25.1% during the first quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock worth $57,000 after acquiring an additional 1,253 shares in the last quarter. Finally, DRW Securities LLC boosted its stake in RealReal by 10.3% during the fourth quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock worth $280,000 after acquiring an additional 1,650 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.
About RealReal
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.
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