Traders Purchase Large Volume of RealReal Call Options (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL) saw unusually large options trading on Wednesday. Traders bought 5,038 call options on the company. This is an increase of approximately 122% compared to the average daily volume of 2,274 call options.

Analysts Set New Price Targets

REAL has been the subject of several research reports. BTIG Research reissued a “buy” rating and issued a $17.00 price objective on shares of RealReal in a research note on Wednesday, June 3rd. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Robert W. Baird set a $13.00 price target on shares of RealReal in a report on Friday, May 8th. UBS Group increased their price target on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a report on Friday, July 17th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, RealReal currently has an average rating of “Moderate Buy” and an average target price of $17.75.

RealReal Price Performance

NASDAQ REAL traded down $0.18 during trading hours on Wednesday, reaching $11.62. The company’s stock had a trading volume of 655,287 shares, compared to its average volume of 3,361,048. The firm has a fifty day simple moving average of $11.36 and a 200-day simple moving average of $11.17. The stock has a market cap of $1.41 billion, a P/E ratio of -10.37 and a beta of 2.69. RealReal has a 52 week low of $7.21 and a 52 week high of $17.39.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $192.57 million for the quarter, compared to the consensus estimate of $188.11 million. RealReal’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, research analysts expect that RealReal will post -0.14 earnings per share for the current year.

Insider Buying and Selling at RealReal

In related news, insider Luke Thomas Friang sold 21,183 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $195,942.75. Following the sale, the insider directly owned 530,676 shares of the company’s stock, valued at $4,908,753. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Steve Ming Lo sold 12,077 shares of RealReal stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $111,712.25. Following the completion of the transaction, the chief accounting officer owned 189,469 shares in the company, valued at approximately $1,752,588.25. This represents a 5.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 166,830 shares of company stock worth $1,543,178 over the last quarter. 2.66% of the stock is currently owned by company insiders.

Institutional Trading of RealReal

Several institutional investors have recently modified their holdings of REAL. Quarry LP acquired a new stake in RealReal in the third quarter valued at $28,000. KBC Group NV acquired a new position in RealReal during the 1st quarter worth about $26,000. Larson Financial Group LLC bought a new stake in shares of RealReal in the 3rd quarter valued at about $31,000. Gables Capital Management Inc. bought a new stake in shares of RealReal in the 1st quarter valued at about $35,000. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of RealReal in the second quarter valued at about $46,000. Institutional investors own 64.73% of the company’s stock.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.