RealReal (NASDAQ:REAL) Stock Price Down 4.4% – Should You Sell?

The RealReal, Inc. (NASDAQ:REAL) shares dropped 4.4% during trading on Wednesday . The company traded as low as $9.61 and last traded at $9.49. Approximately 726,826 shares traded hands during trading, a decline of 77% from the average daily volume of 3,199,070 shares. The stock had previously closed at $9.93.

Wall Street Analysts Forecast Growth

REAL has been the subject of several recent analyst reports. Northland Securities raised their target price on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Finally, UBS Group boosted their target price on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Two research 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Price Performance

The firm has a market capitalization of $1.04 billion, a P/E ratio of -10.76 and a beta of 2.87. The business has a 50 day moving average price of $8.11 and a 200 day moving average price of $4.83.

Insider Activity

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the transaction, the chief accounting officer now owns 391,525 shares in the company, valued at $2,388,302.50. This trade represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John E. Koryl sold 396,478 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The disclosure for this sale can be found here. 9.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Park Edge Advisors LLC bought a new stake in shares of RealReal during the third quarter worth $41,000. R Squared Ltd bought a new stake in RealReal during the 4th quarter worth about $49,000. XTX Topco Ltd bought a new position in RealReal in the 3rd quarter worth approximately $63,000. Intech Investment Management LLC acquired a new position in RealReal during the 3rd quarter worth $88,000. Finally, MetLife Investment Management LLC boosted its holdings in RealReal by 43.9% in the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock valued at $113,000 after acquiring an additional 10,981 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.