RealReal Target of Unusually Large Options Trading (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 4,302 call options on the stock. This is an increase of 165% compared to the typical volume of 1,621 call options.

RealReal Stock Performance

RealReal stock traded down $0.66 during midday trading on Wednesday, reaching $2.44. 3,885,560 shares of the company were exchanged, compared to its average volume of 2,832,209. The company has a market capitalization of $258.57 million, a price-to-earnings ratio of -2.26 and a beta of 2.90. The firm’s 50-day simple moving average is $3.46 and its 200-day simple moving average is $3.23. RealReal has a 1 year low of $1.26 and a 1 year high of $4.64.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.04. The company had revenue of $143.80 million for the quarter, compared to analysts’ expectations of $138.90 million. On average, analysts forecast that RealReal will post -0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on REAL shares. Wells Fargo & Company raised their price target on RealReal from $2.00 to $4.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. UBS Group raised their price target on RealReal from $2.30 to $3.70 and gave the company a “neutral” rating in a research report on Friday, April 12th. Wedbush dropped their price target on RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $6.00 price target on shares of RealReal in a research report on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, RealReal has a consensus rating of “Hold” and an average price target of $3.93.

Insider Buying and Selling

In other RealReal news, Director Caretha Coleman sold 10,354 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $4.33, for a total value of $44,832.82. Following the completion of the transaction, the director now owns 174,833 shares in the company, valued at $757,026.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other RealReal news, Director Caretha Coleman sold 10,354 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $4.33, for a total value of $44,832.82. Following the completion of the transaction, the director now owns 174,833 shares in the company, valued at $757,026.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Levesque Rati Sahi sold 10,000 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $3.83, for a total value of $38,300.00. Following the completion of the transaction, the president now owns 1,256,852 shares of the company’s stock, valued at approximately $4,813,743.16. The disclosure for this sale can be found here. Insiders sold a total of 237,132 shares of company stock valued at $933,131 over the last three months. 9.78% of the stock is currently owned by company insiders.

Institutional Trading of RealReal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REAL. Drive Wealth Management LLC acquired a new stake in RealReal in the 2nd quarter worth about $32,000. Calamos Advisors LLC acquired a new stake in RealReal in the 2nd quarter worth about $34,000. Crown Wealth Group LLC acquired a new stake in RealReal in the 1st quarter worth about $39,000. Game Plan Financial Advisors LLC boosted its stake in RealReal by 233.3% in the 1st quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock worth $39,000 after buying an additional 7,000 shares during the last quarter. Finally, Searle & CO. acquired a new stake in RealReal in the 1st quarter worth about $39,000. 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.