The RealReal, Inc. (NASDAQ:REAL – Get Free Report) shares were up 12.9% on Monday. The stock traded as high as $14.27 and last traded at $14.5350. Approximately 4,490,874 shares traded hands during trading, an increase of 34% from the average session volume of 3,354,527 shares. The stock had previously closed at $12.87.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. UBS Group dropped their price objective on RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 22nd. Wall Street Zen raised RealReal from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Roth Capital reissued a “buy” rating and set a $19.00 price target on shares of RealReal in a research report on Friday, October 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Thursday, October 15th. Finally, BTIG Research reissued a “buy” rating and issued a $17.00 target price on shares of RealReal in a report on Thursday, September 17th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, RealReal currently has an average rating of “Moderate Buy” and an average target price of $17.50.
Check Out Our Latest Research Report on RealReal
RealReal Stock Performance
The firm has a market capitalization of $1.81 billion, a P/E ratio of -21.72 and a beta of 2.86. The firm has a 50-day moving average of $10.37 and a 200-day moving average of $10.95.
RealReal (NASDAQ:REAL – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.02 EPS for the quarter. The business had revenue of $206.12 million for the quarter, compared to analysts’ expectations of $196.89 million. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the business earned ($0.09) earnings per share. On average, research analysts forecast that The RealReal, Inc. will post -0.10 EPS for the current fiscal year.
Insider Buying and Selling at RealReal
In related news, CEO Levesque Sahi sold 84,432 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.98, for a total transaction of $927,063.36. Following the completion of the transaction, the chief executive officer owned 1,496,844 shares in the company, valued at approximately $16,435,347.12. This represents a 5.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gopal Madan sold 36,418 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.98, for a total transaction of $399,869.64. Following the transaction, the chief financial officer directly owned 1,108,860 shares of the company’s stock, valued at $12,175,282.80. The trade was a 3.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 173,004 shares of company stock valued at $1,899,283. 2.66% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On RealReal
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in shares of RealReal during the 2nd quarter worth approximately $4,524,000. Bank of America Corp DE purchased a new position in shares of RealReal in the second quarter valued at $12,655,000. Angeles Wealth Management LLC bought a new stake in RealReal in the second quarter worth $1,290,000. Fifth Third Bancorp bought a new stake in RealReal in the first quarter worth $2,270,000. Finally, Manatuck Hill Partners LLC bought a new stake in RealReal in the second quarter worth $1,565,000. 64.73% of the stock is owned by institutional investors.
About RealReal
The RealReal, Inc. operates an online marketplace for authenticated, pre-owned luxury goods. Its offerings include clothing, handbags, shoes, jewelry, watches, and home furnishings from established luxury and designer brands. The company provides consignment services, helping individuals sell eligible items through its platform. The RealReal also handles authentication and supports transactions through its website, mobile app, and physical retail locations. Founded in 2011, The RealReal is based in the United States and primarily serves the U.S. resale market.
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