RealReal (NASDAQ:REAL) Trading 11.3% Higher – Here’s What Happened

by · The Markets Daily

The RealReal, Inc. (NASDAQ:REALGet Free Report) rose 11.3% on Thursday . The company traded as high as $12.41 and last traded at $12.6760. Approximately 781,798 shares were traded during trading, a decline of 76% from the average daily volume of 3,317,363 shares. The stock had previously closed at $11.39.

Wall Street Analysts Forecast Growth

REAL has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. UBS Group reaffirmed a “buy” rating on shares of RealReal in a research note on Wednesday, June 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. BTIG Research reaffirmed a “buy” rating and set a $17.00 target price on shares of RealReal in a research note on Wednesday, June 3rd. Finally, Roth Mkm set a $17.00 target price on shares of RealReal in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, RealReal has an average rating of “Moderate Buy” and an average target price of $17.25.

Check Out Our Latest Report on REAL

RealReal Price Performance

The stock’s 50 day simple moving average is $10.38 and its two-hundred day simple moving average is $12.19. The firm has a market cap of $1.52 billion, a P/E ratio of -12.35 and a beta of 2.71.

RealReal (NASDAQ:REALGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $189.72 million for the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter in the previous year, the company earned ($0.08) EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts anticipate that The RealReal, Inc. will post -0.15 earnings per share for the current year.

Insider Activity

In other news, CFO Gopal Ajay Madan sold 35,023 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $323,962.75. Following the sale, the chief financial officer owned 1,145,278 shares in the company, valued at $10,593,821.50. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Todd A. Suko sold 17,353 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $160,515.25. Following the sale, the insider owned 605,394 shares in the company, valued at approximately $5,599,894.50. The trade was a 2.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 166,830 shares of company stock valued at $1,543,178. Company insiders own 2.66% of the company’s stock.

Institutional Investors Weigh In On RealReal

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in RealReal in the third quarter worth approximately $28,000. KBC Group NV purchased a new stake in RealReal in the first quarter worth approximately $26,000. Larson Financial Group LLC purchased a new stake in RealReal in the third quarter worth approximately $31,000. Gables Capital Management Inc. purchased a new stake in RealReal in the first quarter worth approximately $35,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in RealReal in the fourth quarter worth approximately $71,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

About RealReal

(Get Free Report)

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.

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