Stock Traders Buy Large Volume of Call Options on RealReal (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders acquired 3,624 call options on the company. This represents an increase of approximately 83% compared to the average volume of 1,981 call options.

RealReal Trading Up 9.4 %

Shares of NASDAQ:REAL traded up $0.30 during midday trading on Tuesday, reaching $3.50. 4,230,650 shares of the company were exchanged, compared to its average volume of 3,485,520. The business's fifty day moving average is $1.92 and its two-hundred day moving average is $2.04. RealReal has a one year low of $1.00 and a one year high of $3.57. The stock has a market cap of $357.35 million, a PE ratio of -2.08 and a beta of 2.84.

RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.04. The company had revenue of $143.37 million for the quarter, compared to analysts' expectations of $142.80 million. As a group, sell-side analysts expect that RealReal will post -0.82 EPS for the current year.

Wall Street Analyst Weigh In

REAL has been the subject of a number of research reports. Morgan Stanley upped their price objective on shares of RealReal from $1.50 to $2.50 and gave the company an "equal weight" rating in a research note on Thursday, November 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $6.00 price objective on shares of RealReal in a research note on Friday. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $2.75 price objective (down previously from $3.25) on shares of RealReal in a research note on Thursday, January 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $3.60.

Institutional Investors Weigh In On RealReal

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its stake in shares of RealReal by 222.5% during the 1st quarter. Raymond James & Associates now owns 32,692 shares of the company's stock worth $237,000 after purchasing an additional 22,555 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of RealReal by 7.6% during the first quarter. Bank of New York Mellon Corp now owns 282,263 shares of the company's stock worth $2,049,000 after acquiring an additional 20,037 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of RealReal in the 1st quarter valued at $89,000. MetLife Investment Management LLC increased its position in shares of RealReal by 21.3% in the 1st quarter. MetLife Investment Management LLC now owns 34,031 shares of the company's stock valued at $247,000 after acquiring an additional 5,978 shares during the period. Finally, Vontobel Holding Ltd. increased its position in shares of RealReal by 30.2% in the 1st quarter. Vontobel Holding Ltd. now owns 250,082 shares of the company's stock valued at $1,963,000 after acquiring an additional 58,056 shares during the period. 49.60% of the stock is owned by institutional investors.

About RealReal

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. It offers various product categories, including women's fashion, men's fashion, jewelry, and watches. The company was incorporated in 2011 and is headquartered in San Francisco, California.

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