RealReal (NASDAQ:REAL) Trading Up 11.3% – Here’s What Happened

Shares of The RealReal, Inc. (NASDAQ:REAL) traded up 11.3% on Thursday . The company traded as high as $12.41 and last traded at $12.6760. Approximately 781,798 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 3,317,363 shares. The stock had previously closed at $11.39.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. BTIG Research reaffirmed a “buy” rating and set a $17.00 target price on shares of RealReal in a research report on Wednesday, June 3rd. UBS Group reissued a “buy” rating on shares of RealReal in a research report on Wednesday, June 3rd. Robert W. Baird set a $13.00 price objective on shares of RealReal in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Finally, Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

RealReal Stock Performance

The company has a fifty day moving average price of $10.49 and a two-hundred day moving average price of $12.17. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -12.21 and a beta of 2.71.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $189.72 million during the quarter, compared to analyst estimates of $187.82 million. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) EPS. Sell-side analysts anticipate that The RealReal, Inc. will post -0.15 EPS for the current fiscal year.

Insider Transactions at RealReal

In other RealReal news, CAO Steve Ming Lo sold 12,077 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $111,712.25. Following the completion of the transaction, the chief accounting officer directly owned 189,469 shares in the company, valued at $1,752,588.25. This represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Todd A. Suko sold 17,353 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $160,515.25. Following the sale, the insider owned 605,394 shares of the company’s stock, valued at $5,599,894.50. This trade represents a 2.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 166,830 shares of company stock valued at $1,543,178. 2.66% of the stock is owned by insiders.

Institutional Investors Weigh In On RealReal

A number of large investors have recently bought and sold shares of the business. Comerica Bank boosted its stake in shares of RealReal by 0.3% in the 3rd quarter. Comerica Bank now owns 351,156 shares of the company’s stock valued at $3,733,000 after purchasing an additional 1,156 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of RealReal by 40.7% during the fourth quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock worth $65,000 after buying an additional 1,185 shares during the last quarter. Evoke Wealth LLC raised its stake in shares of RealReal by 2.9% during the fourth quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock worth $692,000 after buying an additional 1,240 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in RealReal by 25.1% in the first quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after buying an additional 1,253 shares during the period. Finally, DRW Securities LLC boosted its stake in RealReal by 10.3% in the fourth quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock valued at $280,000 after acquiring an additional 1,650 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors.

About RealReal

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.