RealReal (NASDAQ:REAL) Stock Price Up 4.8% - Time to Buy?

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) traded up 4.8% during trading on Monday . The stock traded as high as $6.46 and last traded at $6.47. 782,906 shares traded hands during trading, a decline of 75% from the average session volume of 3,142,101 shares. The stock had previously closed at $6.17.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut their price objective on RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, RealReal presently has an average rating of "Moderate Buy" and an average target price of $8.33.

RealReal Price Performance

The stock has a market cap of $727.19 million, a P/E ratio of -4.98 and a beta of 2.61. The stock's 50-day moving average is $5.71 and its two-hundred day moving average is $6.64.

RealReal (NASDAQ:REAL - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to analysts' expectations of $162.69 million. On average, analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Insider Activity at RealReal

In related news, CAO Steve Ming Lo sold 23,477 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $161,991.30. Following the completion of the sale, the chief accounting officer now directly owns 330,117 shares of the company's stock, valued at $2,277,807.30. This represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gopal Ajay Madan sold 102,386 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $706,463.40. Following the transaction, the chief financial officer now directly owns 1,327,198 shares in the company, valued at $9,157,666.20. This trade represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 258,283 shares of company stock worth $1,782,153. Company insiders own 9.78% of the company's stock.

Hedge Funds Weigh In On RealReal

A number of hedge funds and other institutional investors have recently modified their holdings of REAL. Quarry LP lifted its holdings in RealReal by 120.1% during the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after buying an additional 1,569 shares during the period. R Squared Ltd bought a new position in RealReal in the fourth quarter worth about $49,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal during the fourth quarter valued at about $94,000. Teacher Retirement System of Texas bought a new stake in shares of RealReal in the 1st quarter valued at about $61,000. Finally, Jag Capital Management LLC purchased a new position in shares of RealReal in the 4th quarter worth approximately $126,000. 64.73% of the stock is currently owned by 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.

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