RealReal (NASDAQ:REAL) Stock Price Up 9.8% - Here's Why

Key Points

• Shares of The RealReal jumped 9.8% on Monday, last trading at $9.49 (previous close $8.64) on 662,904 shares — roughly 80% below its average session volume.
• Wall Street sentiment is a consensus “Moderate Buy” with a consensus price target of $18.06; several firms have recently raised targets (B. Riley to $17, UBS to $16) while analyst ratings range from Strong Buy to Sell.
• Insiders have sold heavily recently (286,883 shares worth about $3.0M in the last 90 days) while insiders still own 9.0% of the company and institutional investors hold 64.73%, with several funds notably increasing positions.

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) shares shot up 9.8% on Monday . The company traded as high as $9.40 and last traded at $9.49. 662,904 shares changed hands during trading, a decline of 80% from the average session volume of 3,268,876 shares. The stock had previously closed at $8.64.

Wall Street Analyst Weigh In

REAL has been the subject of a number of recent research reports. B. Riley Financial raised their target price on RealReal from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, December 12th. UBS Group lifted their target price on shares of RealReal from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, January 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of RealReal in a research note on Thursday, January 22nd. Northland Securities set a $20.00 price target on RealReal in a report on Wednesday, January 14th. Finally, William Blair began coverage on shares of RealReal in a report on Monday, December 15th. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.06.

RealReal Trading Up 9.6%

The company has a fifty day moving average of $12.81 and a 200-day moving average of $12.72. The stock has a market cap of $1.13 billion, a PE ratio of -8.68 and a beta of 2.68.

Insider Transactions at RealReal

In related news, CAO Steve Ming Lo sold 16,962 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total value of $181,832.64. Following the completion of the transaction, the chief accounting officer directly owned 170,236 shares of the company's stock, valued at $1,824,929.92. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Luke Thomas Friang sold 19,609 shares of the company's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $210,208.48. Following the completion of the transaction, the insider owned 479,656 shares of the company's stock, valued at approximately $5,141,912.32. The trade was a 3.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 286,883 shares of company stock valued at $3,001,619 in the last 90 days. Insiders own 9.00% of the company's stock.

Institutional Trading of RealReal

A number of large investors have recently made changes to their positions in the company. Alpine Global Management LLC increased its position in RealReal by 934.6% during the fourth quarter. Alpine Global Management LLC now owns 72,421 shares of the company's stock worth $1,143,000 after buying an additional 65,421 shares during the period. Invesco Ltd. increased its holdings in shares of RealReal by 60.1% in the 4th quarter. Invesco Ltd. now owns 286,851 shares of the company's stock valued at $4,527,000 after acquiring an additional 107,640 shares during the period. Voloridge Investment Management LLC increased its holdings in shares of RealReal by 20.1% in the 4th quarter. Voloridge Investment Management LLC now owns 920,182 shares of the company's stock valued at $14,520,000 after acquiring an additional 153,798 shares during the period. Tudor Investment Corp ET AL raised its position in RealReal by 9.3% in the 4th quarter. Tudor Investment Corp ET AL now owns 753,856 shares of the company's stock valued at $11,896,000 after purchasing an additional 63,858 shares during the last quarter. Finally, Numerai GP LLC raised its position in RealReal by 370.6% in the 4th quarter. Numerai GP LLC now owns 56,947 shares of the company's stock valued at $899,000 after purchasing an additional 44,845 shares during the last quarter. 64.73% of the stock is owned by institutional investors and hedge funds.

RealReal Company Profile

The RealReal, Inc NASDAQ: REAL operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal's business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.

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