RealReal (NASDAQ:REAL) Stock Price Up 3.8% – Still a Buy?

Shares of The RealReal, Inc. (NASDAQ:REAL) were up 3.8% on Tuesday . The stock traded as high as $5.66 and last traded at $5.59. Approximately 583,057 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 2,609,710 shares. The stock had previously closed at $5.39.

Analysts Set New Price Targets

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

RealReal Price Performance

The company’s 50-day moving average is $7.10 and its 200-day moving average is $6.25. The firm has a market capitalization of $654.13 million, a price-to-earnings ratio of -4.56 and a beta of 3.00.

RealReal (NASDAQ:REAL) last announced 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 business had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. Sell-side analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 23,477 shares of RealReal stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $161,991.30. Following the transaction, the chief accounting officer now directly owns 330,117 shares of the company’s stock, valued at $2,277,807.30. The trade was a 6.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Gopal Ajay Madan sold 102,386 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $706,463.40. Following the completion of the sale, the chief financial officer now directly owns 1,327,198 shares of the company’s stock, valued at $9,157,666.20. The trade was a 7.16 % decrease in their position. 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. Company insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP raised its holdings in shares of RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after buying an additional 1,569 shares during the period. R Squared Ltd acquired a new stake in RealReal in the fourth quarter valued at approximately $49,000. XTX Topco Ltd purchased a new stake in shares of RealReal during the third quarter valued at approximately $63,000. Intech Investment Management LLC acquired a new position in shares of RealReal during the third quarter worth $88,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of RealReal in the fourth quarter valued at $94,000. 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.