RealReal (NASDAQ:REAL) Shares Up 6.6% – Still a Buy?

Shares of The RealReal, Inc. (NASDAQ:REAL) were up 6.6% during mid-day trading on Wednesday . The company traded as high as $6.02 and last traded at $6.08. Approximately 1,202,186 shares were traded during trading, a decline of 53% from the average daily volume of 2,559,759 shares. The stock had previously closed at $5.70.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on REAL shares. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Securities upped their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Finally, UBS Group reduced their target price on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, RealReal has an average rating of “Moderate Buy” and a consensus target price of $8.33.

RealReal Price Performance

The firm has a market capitalization of $673.82 million, a P/E ratio of -4.74 and a beta of 3.00. The stock’s 50 day moving average is $7.77 and its two-hundred day moving average is $6.00.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. As a group, equities research analysts expect that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Buying and Selling at RealReal

In other RealReal news, insider Luke Thomas Friang sold 18,503 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the sale, the insider now owns 556,557 shares of the company’s stock, valued at approximately $3,840,243.30. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John E. Koryl sold 396,478 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 654,761 shares of company stock valued at $5,592,306. Corporate insiders own 9.78% of the company’s stock.

Institutional Investors Weigh In On RealReal

Several large investors have recently bought and sold shares of REAL. Quarry LP increased its position in shares of RealReal by 120.1% during the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after acquiring an additional 1,569 shares in the last quarter. R Squared Ltd bought a new stake in shares of RealReal during the fourth quarter worth $49,000. Harvest Fund Management Co. Ltd bought a new stake in shares of RealReal during the fourth quarter worth $94,000. Jag Capital Management LLC bought a new stake in shares of RealReal during the fourth quarter worth $126,000. Finally, PharVision Advisers LLC bought a new stake in shares of RealReal during the fourth quarter worth $133,000. 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.