RealReal (NASDAQ:REAL) Trading Up 7.3% – Should You Buy?

The RealReal, Inc. (NASDAQ:REAL)’s share price was up 7.3% during trading on Monday . The stock traded as high as $12.38 and last traded at $12.6320. Approximately 492,905 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 3,137,015 shares. The stock had previously closed at $11.77.

Wall Street Analyst Weigh In

Several analysts have recently commented on REAL shares. Northland Securities set a $20.00 price objective on RealReal in a research note on Wednesday, January 14th. BTIG Research reissued a “buy” rating and issued a $18.00 price objective on shares of RealReal in a research note on Friday, February 27th. Robert W. Baird increased their price objective on RealReal from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. UBS Group increased their price objective on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.06.

RealReal Stock Up 2.2%

The company has a market capitalization of $1.57 billion, a PE ratio of -11.93 and a beta of 2.84. The stock has a 50-day moving average of $10.61 and a 200 day moving average of $12.82.

Insider Activity at RealReal

In related news, insider Todd A. Suko sold 45,947 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $492,551.84. Following the completion of the sale, the insider directly owned 560,563 shares of the company’s stock, valued at approximately $6,009,235.36. This trade represents a 7.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Steve Ming Lo sold 16,962 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $181,832.64. Following the sale, the chief accounting officer directly owned 170,236 shares of the company’s stock, valued at $1,824,929.92. The trade was a 9.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 286,883 shares of company stock valued at $3,001,619 in the last ninety days. Insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On RealReal

Institutional investors and hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. bought a new position in RealReal during the third quarter valued at $2,177,000. BIT Capital GmbH bought a new position in RealReal during the third quarter valued at $10,912,000. Penn Capital Management Company LLC bought a new position in RealReal during the third quarter valued at $12,585,000. Tudor Investment Corp ET AL grew its holdings in RealReal by 25.8% during the third quarter. Tudor Investment Corp ET AL now owns 689,998 shares of the company’s stock valued at $7,335,000 after purchasing an additional 141,699 shares during the period. Finally, American Century Companies Inc. grew its holdings in RealReal by 3,474.7% during the third quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock valued at $19,537,000 after purchasing an additional 1,786,493 shares during the period. 64.73% of the stock is owned by institutional investors.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.