RealReal (NASDAQ:REAL) Shares Down 3.6% – What’s Next?

The RealReal, Inc. (NASDAQ:REAL) dropped 3.6% during mid-day trading on Friday . The company traded as low as $10.55 and last traded at $10.59. Approximately 436,711 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 2,709,436 shares. The stock had previously closed at $10.99.

Analyst Ratings Changes

REAL has been the topic of several research analyst reports. Northland Securities lifted their price target on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. UBS Group upped 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. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $7.38.

RealReal Trading Down 2.7 %

The company has a market cap of $1.17 billion, a PE ratio of -12.15 and a beta of 3.08. The stock has a fifty day simple moving average of $5.61 and a two-hundred day simple moving average of $3.96.

Insiders Place Their Bets

In other news, CAO Steve Ming Lo sold 96,666 shares of the business’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 transaction of $589,662.60. Following the sale, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at $2,388,302.50. The trade was a 19.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.78% of the stock is currently owned by company insiders.

Institutional Trading of RealReal

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in RealReal by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company’s stock valued at $2,319,000 after buying an additional 97,700 shares in the last quarter. Barclays PLC increased its position in RealReal by 306.7% during the 3rd quarter. Barclays PLC now owns 136,262 shares of the company’s stock worth $428,000 after purchasing an additional 102,759 shares in the last quarter. Geode Capital Management LLC raised its stake in RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock valued at $7,204,000 after purchasing an additional 44,716 shares during the last quarter. XTX Topco Ltd purchased a new stake in RealReal during the third quarter valued at about $63,000. Finally, Wexford Capital LP purchased a new position in shares of RealReal in the 3rd quarter worth about $942,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

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.