RealReal (NASDAQ:REAL) Trading Up 9.9% – Time to Buy?

The RealReal, Inc. (NASDAQ:REAL)’s share price was up 9.9% on Monday . The company traded as high as $5.22 and last traded at $5.21. Approximately 1,612,248 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 2,594,634 shares. The stock had previously closed at $4.74.

Analyst Ratings Changes

A number of analysts have weighed in on REAL shares. UBS Group increased their price target on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Wedbush reduced their price target on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Northland Securities began coverage on shares of RealReal in a research note on Monday, September 16th. They issued an “outperform” rating and a $6.00 price objective for the company. Robert W. Baird dropped their price objective on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.46.

RealReal Stock Performance

The firm has a market cap of $584.65 million, a price-to-earnings ratio of -5.85 and a beta of 2.79. The business’s 50-day moving average is $3.38 and its 200-day moving average is $3.33.

Insider Buying and Selling

In other RealReal news, Director Karen Katz sold 33,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total value of $86,460.00. Following the completion of the sale, the director now owns 201,301 shares in the company, valued at approximately $527,408.62. This trade represents a 14.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RealReal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fortis Group Advisors LLC increased its position in RealReal by 11.0% in the 3rd quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company’s stock valued at $244,000 after acquiring an additional 7,686 shares in the last quarter. Drive Wealth Management LLC bought a new position in shares of RealReal in the 2nd quarter valued at about $32,000. Quantum Private Wealth LLC boosted its stake in shares of RealReal by 6.1% in the 3rd quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock valued at $544,000 after purchasing an additional 10,000 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of RealReal in the 2nd quarter valued at about $34,000. Finally, MetLife Investment Management LLC boosted its stake in shares of RealReal by 43.9% in the 3rd quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock valued at $113,000 after purchasing an additional 10,981 shares during the last quarter. Institutional investors and hedge funds 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.