RealReal Sees Unusually Large Options Volume (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL) saw some unusual options trading activity on Monday. Traders acquired 4,437 call options on the stock. This represents an increase of 230% compared to the average volume of 1,345 call options.

Analyst Upgrades and Downgrades

REAL has been the subject of several recent research reports. Northland Securities initiated coverage on shares of RealReal in a research note on Monday, September 16th. They issued an “outperform” rating and a $6.00 price objective for the company. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $4.00 to $15.00 in a research note on Monday. UBS Group increased their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Northland Capmk upgraded RealReal to a “strong-buy” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, RealReal currently has a consensus rating of “Moderate Buy” and an average price target of $6.29.

Insider Buying and Selling at RealReal

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

Hedge Funds Weigh In On RealReal

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Anchorage Capital Advisors L.P. acquired a new position in RealReal in the 3rd quarter valued at $10,675,000. Woodson Capital Management LP increased its stake in shares of RealReal by 2.9% during the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after acquiring an additional 150,000 shares during the period. Vanguard Group Inc. increased its stake in shares of RealReal by 0.4% during the first quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock worth $16,039,000 after acquiring an additional 18,352 shares during the period. Geode Capital Management LLC raised its holdings in RealReal by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock worth $7,204,000 after purchasing an additional 44,716 shares in the last quarter. Finally, State Street Corp lifted its position in RealReal by 22.3% in the third quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after purchasing an additional 310,116 shares during the period. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Stock Performance

RealReal stock opened at $8.96 on Tuesday. The company has a market capitalization of $982.83 million, a P/E ratio of -10.18 and a beta of 3.09. RealReal has a fifty-two week low of $1.52 and a fifty-two week high of $9.29. The stock has a 50-day simple moving average of $4.04 and a 200-day simple moving average of $3.48.

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.