RealReal Target of Unusually Large Options Trading (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL) was the target of unusually large options trading on Monday. Traders bought 29,034 call options on the stock. This represents an increase of 992% compared to the typical volume of 2,658 call options.

Insider Buying and Selling

In other RealReal news, CEO Levesque Rati Sahi sold 260,171 shares of the company’s 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 $14,316,169.36. This represents a 12.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.00% of the stock is currently owned by insiders.

Institutional Trading of RealReal

Institutional investors and hedge funds have recently bought and sold shares of the stock. Game Plan Financial Advisors LLC raised its stake in shares of RealReal by 52.8% in the first quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company’s stock worth $30,000 after buying an additional 1,900 shares during the period. Quarry LP raised its stake in shares of RealReal by 117.0% during the first quarter. Quarry LP now owns 6,238 shares of the company’s stock valued at $34,000 after acquiring an additional 3,363 shares in the last quarter. AlphaQuest LLC bought a new position in RealReal in the first quarter worth approximately $59,000. State of Alaska Department of Revenue purchased a new position in RealReal during the 3rd quarter worth $59,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of RealReal in the second quarter valued at about $60,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

RealReal Trading Up 2.8%

REAL stock traded up $0.31 during midday trading on Monday, hitting $11.30. The company had a trading volume of 4,412,020 shares, compared to its average volume of 3,453,047. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -10.61 and a beta of 2.54. RealReal has a 52 week low of $3.68 and a 52 week high of $12.84. The stock’s 50 day moving average price is $10.47 and its 200 day moving average price is $7.51.

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

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.