RealReal (NASDAQ:REAL) Stock Price Down 4.8% – Here’s Why

The RealReal, Inc. (NASDAQ:REAL)’s stock price dropped 4.8% on Thursday . The stock traded as low as $10.39 and last traded at $10.40. Approximately 1,616,038 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 2,738,459 shares. The stock had previously closed at $10.93.

Analyst Ratings Changes

REAL has been the topic of several recent research reports. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $4.00 to $15.00 in a report on Monday, December 9th. Northland Securities boosted their price objective on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Northland Capmk upgraded RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Finally, UBS Group boosted their price target on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. 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, RealReal currently has an average rating of “Moderate Buy” and an average price target of $7.38.

RealReal Trading Down 5.6 %

The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -11.73 and a beta of 3.09. The business’s fifty day moving average price is $6.25 and its 200 day moving average price is $4.17.

Insiders Place Their Bets

In related news, CAO Steve Ming Lo sold 96,666 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the transaction, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at $2,388,302.50. This trade represents a 19.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.78% of the stock is owned by insiders.

Institutional Trading of RealReal

Several large investors have recently bought and sold shares of REAL. Evoke Wealth LLC purchased a new position in RealReal during the 2nd quarter valued at about $36,000. Principal Financial Group Inc. acquired a new stake in shares of RealReal in the second quarter worth approximately $39,000. Park Edge Advisors LLC purchased a new stake in RealReal in the third quarter valued at approximately $41,000. XTX Topco Ltd acquired a new position in RealReal during the third quarter worth approximately $63,000. Finally, Intech Investment Management LLC purchased a new position in RealReal during the third quarter worth approximately $88,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

About RealReal

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.