The RealReal, Inc. (NASDAQ:REAL) Short Interest Up 22.4% in March

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 15,080,000 shares, an increase of 22.4% from the February 29th total of 12,320,000 shares. Approximately 18.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,650,000 shares, the short-interest ratio is presently 4.1 days.

RealReal Stock Down 0.5 %

Shares of REAL traded down $0.02 during mid-day trading on Monday, hitting $3.89. 2,221,725 shares of the company's stock traded hands, compared to its average volume of 3,765,762. RealReal has a 1 year low of $1.00 and a 1 year high of $4.10. The firm has a market capitalization of $407.25 million, a P/E ratio of -2.33 and a beta of 2.84. The business's 50-day moving average price is $2.53 and its 200-day moving average price is $2.17.

RealReal (NASDAQ:REAL - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.04. The business had revenue of $143.37 million for the quarter, compared to analysts' expectations of $142.80 million. Sell-side analysts anticipate that RealReal will post -0.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $6.00 price target on shares of RealReal in a research note on Friday, March 1st. Robert W. Baird reaffirmed a "neutral" rating and issued a $2.75 price target (down 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, RealReal currently has an average rating of "Hold" and a consensus price target of $3.60.

Insider Activity at RealReal

In other news, Director Karen Katz acquired 6,500 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average cost of $3.85 per share, with a total value of $25,025.00. Following the acquisition, the director now owns 183,476 shares in the company, valued at approximately $706,382.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Levesque Rati Sahi sold 30,000 shares of the firm's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $3.22, for a total transaction of $96,600.00. Following the transaction, the president now directly owns 1,312,719 shares of the company's stock, valued at approximately $4,226,955.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Karen Katz purchased 6,500 shares of the firm's stock in a transaction on Friday, March 8th. The stock was bought at an average cost of $3.85 per share, for a total transaction of $25,025.00. Following the completion of the purchase, the director now directly owns 183,476 shares in the company, valued at $706,382.60. The disclosure for this purchase can be found here. 9.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RealReal

Several hedge funds have recently made changes to their positions in REAL. Raymond James & Associates increased its stake in shares of RealReal by 222.5% during the first quarter. Raymond James & Associates now owns 32,692 shares of the company's stock valued at $237,000 after buying an additional 22,555 shares during the period. Bank of New York Mellon Corp boosted its position 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 valued at $2,049,000 after purchasing an additional 20,037 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of RealReal during the first quarter valued at approximately $89,000. MetLife Investment Management LLC boosted its position in shares of RealReal by 21.3% during the first quarter. MetLife Investment Management LLC now owns 34,031 shares of the company's stock valued at $247,000 after purchasing an additional 5,978 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of RealReal by 30.2% during the first quarter. Vontobel Holding Ltd. now owns 250,082 shares of the company's stock valued at $1,963,000 after purchasing an additional 58,056 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

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.