RealReal (NASDAQ:REAL) Stock Price Up 5.7% – Here’s What Happened

Shares of The RealReal, Inc. (NASDAQ:REAL) were up 5.7% during trading on Friday . The company traded as high as $6.47 and last traded at $6.47. Approximately 210,478 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 2,603,414 shares. The stock had previously closed at $6.12.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Northland Securities began coverage on shares of RealReal in a research note on Monday, September 16th. They set an “outperform” rating and a $6.00 price target on the stock. Northland Capmk upgraded RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Finally, UBS Group boosted their price target on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, RealReal currently has an average rating of “Moderate Buy” and an average price target of $4.46.

RealReal Trading Up 5.2 %

The firm has a 50-day simple moving average of $3.92 and a two-hundred day simple moving average of $3.44. The company has a market capitalization of $706.40 million, a price-to-earnings ratio of -7.32 and a beta of 3.09.

Insider Activity at RealReal

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the transaction, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On RealReal

Hedge funds have recently modified their holdings of the company. Drive Wealth Management LLC acquired a new position in RealReal in the 2nd quarter worth about $32,000. Calamos Advisors LLC acquired a new position in shares of RealReal during the 2nd quarter worth approximately $34,000. Evoke Wealth LLC acquired a new position in shares of RealReal during the 2nd quarter worth approximately $36,000. Principal Financial Group Inc. purchased a new position in shares of RealReal during the 2nd quarter valued at approximately $39,000. Finally, Park Edge Advisors LLC acquired a new stake in RealReal in the 3rd quarter valued at $41,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

About RealReal

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.