RealReal Target of Unusually High Options Trading (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 5,231 call options on the company. This is an increase of 182% compared to the typical daily volume of 1,855 call options.

RealReal Trading Down 0.6%

RealReal stock traded down $0.03 during midday trading on Monday, hitting $5.21. 2,203,725 shares of the stock were exchanged, compared to its average volume of 2,828,123. The stock's 50-day simple moving average is $5.69 and its 200 day simple moving average is $6.91. RealReal has a fifty-two week low of $2.24 and a fifty-two week high of $11.38. The stock has a market capitalization of $589.22 million, a price-to-earnings ratio of -4.04 and a beta of 2.61.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The firm had revenue of $160.03 million for the quarter, compared to analyst estimates of $159.98 million. Equities analysts anticipate that RealReal will post -0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On RealReal

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of RealReal by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock worth $2,319,000 after purchasing an additional 97,700 shares during the period. R Squared Ltd acquired a new stake in shares of RealReal in the fourth quarter valued at $49,000. Stephens Inc. AR purchased a new stake in shares of RealReal in the 4th quarter valued at $978,000. Rhumbline Advisers lifted its stake in RealReal by 7.4% during the 4th quarter. Rhumbline Advisers now owns 143,743 shares of the company's stock worth $1,571,000 after acquiring an additional 9,893 shares in the last quarter. Finally, Fortis Group Advisors LLC boosted its holdings in RealReal by 15.1% during the 4th quarter. Fortis Group Advisors LLC now owns 89,380 shares of the company's stock valued at $977,000 after acquiring an additional 11,745 shares during the period. 64.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, UBS Group upped their price target on RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $8.40.

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.