RealReal (NASDAQ:REAL) Stock Price Down 3.6% – Should You Sell?

The RealReal, Inc. (NASDAQ:REAL) dropped 3.6% during mid-day trading on Friday . The company traded as low as $10.55 and last traded at $10.59. Approximately 436,711 shares were traded during trading, a decline of 84% from the average daily volume of 2,709,436 shares. The stock had previously closed at $10.99.

Analyst Ratings Changes

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

RealReal Stock Down 1.2 %

The stock has a market cap of $1.19 billion, a PE ratio of -12.34 and a beta of 3.09. The stock’s fifty day moving average price is $5.77 and its 200 day moving average price is $4.01.

Insider Activity at RealReal

In related news, CAO Steve Ming Lo sold 96,666 shares of RealReal 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 completion of the sale, the chief accounting officer now directly owns 391,525 shares in the company, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.78% of the stock is currently owned by insiders.

Institutional Trading of RealReal

Institutional investors have recently made changes to their positions in the stock. Drive Wealth Management LLC purchased a new position in shares of RealReal during the second quarter valued at approximately $32,000. Evoke Wealth LLC bought a new stake in RealReal in the 2nd quarter worth approximately $36,000. Principal Financial Group Inc. purchased a new stake in RealReal during the 2nd quarter valued at $39,000. Park Edge Advisors LLC bought a new position in shares of RealReal during the 3rd quarter valued at $41,000. Finally, XTX Topco Ltd purchased a new position in shares of RealReal in the 3rd quarter worth $63,000. 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.