RealReal (NASDAQ:REAL) Stock Price Down 3.6% – Here’s Why

The RealReal, Inc. (NASDAQ:REAL) shares fell 3.6% during mid-day trading on Friday . The stock traded as low as $10.55 and last traded at $10.59. 436,711 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 2,709,436 shares. The stock had previously closed at $10.99.

Analyst Ratings Changes

REAL has been the topic of several research reports. Northland Securities lifted their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $4.00 to $15.00 in a report on Monday, December 9th. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Finally, UBS Group raised 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. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Stock Performance

The firm has a market cap of $1.19 billion, a PE ratio of -12.34 and a beta of 3.09. The company’s 50-day simple moving average is $5.77 and its two-hundred day simple moving average is $4.01.

Insider Transactions at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the transaction, the chief accounting officer now directly 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 hyperlink. 9.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RealReal

A number of institutional investors have recently bought and sold shares of the stock. Fortis Group Advisors LLC boosted its position in RealReal by 11.0% during the 3rd quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company’s stock valued at $244,000 after acquiring an additional 7,686 shares in the last quarter. Drive Wealth Management LLC bought a new stake in shares of RealReal during the second quarter valued at approximately $32,000. Quantum Private Wealth LLC boosted its position in shares of RealReal by 6.1% during the third quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock valued at $544,000 after purchasing an additional 10,000 shares in the last quarter. MetLife Investment Management LLC grew its stake in RealReal by 43.9% in the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after purchasing an additional 10,981 shares during the period. Finally, Evoke Wealth LLC bought a new position in RealReal in the second quarter worth $36,000. 64.73% of the stock is owned by institutional investors.

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.