RealReal Sees Unusually Large Options Volume (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL) saw unusually large options trading activity on Thursday. Stock investors acquired 6,048 call options on the stock. This represents an increase of approximately 243% compared to the typical daily volume of 1,763 call options.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on REAL shares. UBS Group raised their price objective on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Northland Capmk upgraded RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $4.00 to $15.00 in a report on Monday, December 9th. Finally, Northland Securities lifted their price target on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Two equities 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $7.38.

Insider Buying and Selling

In other news, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the sale, the chief accounting officer now owns 391,525 shares in the company, valued at $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.78% of the stock is owned by corporate insiders.

Institutional Trading of RealReal

A number of hedge funds and other institutional investors have recently modified their holdings of REAL. Evoke Wealth LLC acquired a new position in RealReal in the 2nd quarter valued at about $36,000. Principal Financial Group Inc. purchased a new position in RealReal during the 2nd quarter worth approximately $39,000. Park Edge Advisors LLC purchased a new stake in shares of RealReal in the third quarter valued at about $41,000. XTX Topco Ltd purchased a new position in shares of RealReal in the 3rd quarter valued at approximately $63,000. Finally, Intech Investment Management LLC acquired a new stake in shares of RealReal in the 3rd quarter worth $88,000. 64.73% of the stock is owned by institutional investors and hedge funds.

RealReal Stock Down 10.0 %

Shares of NASDAQ REAL opened at $9.84 on Friday. The firm has a 50-day simple moving average of $6.39 and a 200-day simple moving average of $4.21. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -11.18 and a beta of 3.09. RealReal has a 52 week low of $1.52 and a 52 week high of $11.38.

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.