RealReal (NASDAQ:REAL) Stock Price Down 5% – What’s Next?

The RealReal, Inc. (NASDAQ:REAL)’s share price dropped 5% during trading on Wednesday . The company traded as low as $8.78 and last traded at $8.77. Approximately 1,284,041 shares were traded during trading, a decline of 56% from the average daily volume of 2,902,344 shares. The stock had previously closed at $9.23.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Northland Securities lifted their target price on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. UBS Group upped their price objective on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, RealReal currently has an average rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Stock Down 6.9 %

The company’s fifty day simple moving average is $8.87 and its 200 day simple moving average is $5.18. The stock has a market capitalization of $942.24 million, a price-to-earnings ratio of -9.76 and a beta of 2.83.

Insiders Place Their Bets

In related news, CEO John E. Koryl sold 396,478 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Steve Ming Lo sold 96,666 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the transaction, the chief accounting officer now directly owns 391,525 shares in the company, valued at approximately $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Anchorage Capital Advisors L.P. acquired a new stake in RealReal during the third quarter worth about $10,675,000. Capricorn Fund Managers Ltd increased its stake in RealReal by 40.4% in the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock valued at $4,417,000 after acquiring an additional 404,949 shares during the last quarter. Walleye Capital LLC acquired a new position in RealReal during the third quarter valued at approximately $1,163,000. State Street Corp lifted its stake in RealReal by 22.3% during the third quarter. State Street Corp now owns 1,701,387 shares of the company’s stock worth $5,342,000 after purchasing an additional 310,116 shares during the last quarter. Finally, Wexford Capital LP acquired a new stake in shares of RealReal in the 3rd quarter valued at $942,000. 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.