RealReal (NASDAQ:REAL) Shares Up 4.8% - Should You Buy?

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

Analyst Upgrades and Downgrades

Separately, UBS Group boosted their price target on shares of RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, RealReal presently has a consensus rating of "Moderate Buy" and an average target price of $8.40.

RealReal Stock Down 30.7 %

The company has a 50-day moving average of $5.72 and a 200-day moving average of $6.73. The company has a market cap of $571.12 million, a PE ratio of -3.91 and a beta of 2.61.

RealReal (NASDAQ:REAL - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $160.03 million for the quarter, compared to analysts' expectations of $159.98 million. As a group, equities analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Buying and Selling at RealReal

In related news, insider Luke Thomas Friang sold 18,503 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 $127,670.70. Following the completion of the sale, the insider now owns 556,557 shares in the company, valued at approximately $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Levesque Rati Sahi sold 113,917 shares of the business'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 $786,027.30. Following the completion of the transaction, the chief executive officer now owns 2,307,199 shares in the company, valued at approximately $15,919,673.10. The trade was a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 258,283 shares of company stock worth $1,782,153. Insiders own 9.78% of the company's stock.

Institutional Investors Weigh In On RealReal

Hedge funds have recently modified their holdings of the stock. Quarry LP increased its position in RealReal by 120.1% in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in RealReal by 6.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company's stock worth $622,000 after acquiring an additional 3,236 shares during the last quarter. R Squared Ltd bought a new stake in RealReal in the 4th quarter valued at about $49,000. Charles Schwab Investment Management Inc. lifted its holdings in RealReal by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 290,048 shares of the company's stock valued at $1,563,000 after purchasing an additional 5,172 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in RealReal by 8.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 101,035 shares of the company's stock worth $1,105,000 after purchasing an additional 7,645 shares during the period. Institutional investors own 64.73% of the company's stock.

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.