RealReal (NASDAQ:REAL) Shares Up 12.9% – What’s Next?

The RealReal, Inc. (NASDAQ:REAL)’s stock price shot up 12.9% during trading on Monday. The company traded as high as $14.27 and last traded at $14.5350. 4,490,874 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 3,354,527 shares. The stock had previously closed at $12.87.

Analyst Upgrades and Downgrades

REAL has been the topic of several research analyst reports. UBS Group lowered their price target on RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 22nd. Wall Street Zen raised RealReal from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Roth Capital reiterated a “buy” rating and set a $19.00 price objective on shares of RealReal in a research report on Friday, October 16th. BTIG Research reiterated a “buy” rating and set a $17.00 price objective on shares of RealReal in a research report on Thursday, September 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a report on Thursday, October 15th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, RealReal currently has a consensus rating of “Moderate Buy” and an average price target of $17.50.

RealReal Stock Performance

The company has a market capitalization of $1.82 billion, a PE ratio of -21.74 and a beta of 2.85. The company’s fifty day moving average is $10.20 and its 200-day moving average is $10.96.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $206.12 million for the quarter, compared to analysts’ expectations of $196.89 million. During the same period in the prior year, the firm earned ($0.09) EPS. RealReal’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, sell-side analysts expect that The RealReal, Inc. will post -0.10 EPS for the current fiscal year.

Insider Transactions at RealReal

In related news, insider Luke Friang sold 22,028 shares of RealReal stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.98, for a total transaction of $241,867.44. Following the transaction, the insider owned 508,648 shares in the company, valued at approximately $5,584,955.04. The trade was a 4.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Steve Lo sold 12,559 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.97, for a total transaction of $137,772.23. Following the completion of the transaction, the chief accounting officer directly owned 176,910 shares of the company’s stock, valued at $1,940,702.70. This represents a 6.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 173,004 shares of company stock valued at $1,899,283. Company insiders own 2.66% of the company’s stock.

Institutional Investors Weigh In On RealReal

Institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP grew its position in shares of RealReal by 16.1% during the third quarter. Royce & Associates LP now owns 1,476,633 shares of the company’s stock worth $13,053,000 after purchasing an additional 204,925 shares in the last quarter. R Squared Ltd bought a new stake in RealReal during the 3rd quarter valued at approximately $115,000. Jefferies Financial Group Inc. purchased a new position in RealReal in the 3rd quarter worth approximately $11,930,000. ProShare Advisors LLC boosted its stake in RealReal by 1,248.3% in the 3rd quarter. ProShare Advisors LLC now owns 198,665 shares of the company’s stock worth $1,756,000 after purchasing an additional 183,931 shares during the period. Finally, State of Wyoming grew its holdings in RealReal by 9.3% during the 3rd quarter. State of Wyoming now owns 78,634 shares of the company’s stock valued at $695,000 after buying an additional 6,674 shares in the last quarter. 64.73% of the stock is owned by institutional investors.

About RealReal

The RealReal, Inc operates an online and physical marketplace for authenticated, pre-owned luxury goods. Through its platform, the company enables individuals and businesses to consign and purchase items across categories such as apparel, handbags, shoes, jewelry, watches, fine art, and home furnishings.

The company combines consignment services with in-house authentication, merchandising, photography, fulfillment, and customer support. Its authentication process is designed to assess the legitimacy and condition of products before they are offered for sale, helping connect sellers with buyers seeking luxury items through the resale market.

Founded in 2011 by Julie Wainwright, The RealReal serves customers primarily in the United States through its website, mobile applications, and retail locations.