Stock Traders Buy High Volume of RealReal Call Options (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL) was the target of some unusual options trading activity on Thursday. Traders acquired 6,048 call options on the company. This is an increase of approximately 243% compared to the average volume of 1,763 call options.

RealReal Trading Down 3.5 %

REAL opened at $9.50 on Friday. RealReal has a 1-year low of $1.52 and a 1-year high of $11.38. The firm has a 50-day moving average price of $6.39 and a two-hundred day moving average price of $4.21. The stock has a market capitalization of $1.04 billion, a PE ratio of -10.80 and a beta of 3.09.

Wall Street Analyst Weigh In

REAL has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research 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 objective for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Northland Securities lifted their target price 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. Finally, Northland Capmk upgraded 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.38.

Insider Activity at RealReal

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction on Monday, December 2nd. The stock was 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 directly owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.78% of the stock is currently owned by insiders.

Institutional Trading of RealReal

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after buying an additional 310,116 shares during the last quarter. Crestwood Capital Management L.P. boosted its holdings in RealReal by 20.6% in the third quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock valued at $3,748,000 after acquiring an additional 204,226 shares during the last quarter. Anthracite Investment Company Inc. boosted its holdings in RealReal by 62.0% in the third quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock valued at $2,340,000 after acquiring an additional 285,304 shares during the last quarter. Woodson Capital Management LP increased its position in RealReal by 2.9% in the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after purchasing an additional 150,000 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in RealReal during the 2nd quarter worth about $1,563,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

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.