Investors Purchase High Volume of Call Options on RealReal (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL) saw some unusual options trading activity on Wednesday. Investors bought 41,630 call options on the company. This represents an increase of 1,429% compared to the typical daily volume of 2,723 call options.

Insider Activity at RealReal

In other news, CAO Steve Ming Lo sold 16,962 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total value of $181,832.64. Following the completion of the transaction, the chief accounting officer directly owned 170,236 shares of the company’s stock, valued at $1,824,929.92. This trade represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd A. Suko sold 45,947 shares of RealReal stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $492,551.84. Following the completion of the transaction, the insider owned 560,563 shares of the company’s stock, valued at approximately $6,009,235.36. This trade represents a 7.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 286,883 shares of company stock worth $3,001,619 in the last ninety days. Insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On RealReal

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of RealReal by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company’s stock valued at $99,991,000 after purchasing an additional 406,789 shares during the last quarter. Marshall Wace LLP boosted its position in RealReal by 3.4% during the second quarter. Marshall Wace LLP now owns 4,321,577 shares of the company’s stock valued at $20,700,000 after buying an additional 143,165 shares during the period. State Street Corp boosted its position in RealReal by 4.2% during the fourth quarter. State Street Corp now owns 2,746,238 shares of the company’s stock valued at $43,336,000 after buying an additional 111,677 shares during the period. Two Sigma Investments LP grew its stake in shares of RealReal by 6.6% during the third quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company’s stock valued at $27,944,000 after buying an additional 162,804 shares during the last quarter. Finally, Divisadero Street Capital Management LP grew its stake in shares of RealReal by 652.5% during the third quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock valued at $27,636,000 after buying an additional 2,254,300 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors.

RealReal Price Performance

NASDAQ REAL traded up $0.16 during trading on Wednesday, reaching $9.01. The company’s stock had a trading volume of 1,464,268 shares, compared to its average volume of 3,295,384. The firm has a fifty day moving average of $12.50 and a 200 day moving average of $12.73. RealReal has a one year low of $4.61 and a one year high of $17.39. The stock has a market capitalization of $1.07 billion, a PE ratio of -8.26 and a beta of 2.67.

Analyst Upgrades and Downgrades

REAL has been the topic of a number of recent research reports. Northland Securities set a $20.00 price objective on RealReal in a report on Wednesday, January 14th. B. Riley Financial upped their price target on RealReal from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Wells Fargo & Company increased their price target on shares of RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. UBS Group boosted their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, William Blair started coverage on shares of RealReal in a report on Monday, December 15th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.06.

RealReal Company Profile

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.