RealReal (NASDAQ:REAL) Shares Gap Up – What’s Next?

The RealReal, Inc. (NASDAQ:REAL) gapped up prior to trading on Monday . The stock had previously closed at $6.44, but opened at $7.41. RealReal shares last traded at $8.44, with a volume of 1,223,122 shares.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on REAL shares. UBS Group raised their price target on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $4.00 to $15.00 in a report on Monday. Northland Securities started coverage on shares of RealReal in a research report on Monday, September 16th. They set an “outperform” rating and a $6.00 target price for the company. Finally, Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.29.

RealReal Stock Up 1.1 %

The company has a market capitalization of $993.80 million, a price-to-earnings ratio of -10.30 and a beta of 3.09. The business’s 50-day moving average is $4.04 and its 200-day moving average is $3.48.

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the business’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 sale, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.78% of the stock is owned by corporate insiders.

Institutional Trading of RealReal

A number of institutional investors and hedge funds have recently modified their holdings of REAL. Vanguard Group Inc. increased its stake in shares of RealReal by 0.4% during the first quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock worth $16,039,000 after purchasing an additional 18,352 shares in the last quarter. Calamos Advisors LLC purchased a new stake in RealReal during the 2nd quarter valued at about $34,000. Bank of New York Mellon Corp purchased a new stake in RealReal during the 2nd quarter valued at about $915,000. Principal Financial Group Inc. purchased a new stake in RealReal during the 2nd quarter valued at about $39,000. Finally, Fortis Group Advisors LLC grew its stake in RealReal by 38.8% during the 2nd quarter. Fortis Group Advisors LLC now owns 69,949 shares of the company’s stock valued at $223,000 after acquiring an additional 19,553 shares in the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

About RealReal

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.