RealReal Sees Unusually Large Options Volume (NASDAQ:REAL)

The RealReal, Inc. (NASDAQ:REAL) was the recipient of unusually large options trading activity on Friday. Traders acquired 9,200 call options on the company. Thisrepresentsanincreaseofapproximately382% compared to the typical daily volume of 1,910 call options.

RealReal Stock Performance

Shares of NASDAQ REAL opened at $6.40 on Friday. The stock has a market cap of $723.78 million, a PE ratio of -6.04 and a beta of 2.48. The business has a fifty day moving average of $5.43 and a two-hundred day moving average of $6.08. RealReal has a 52-week low of $2.24 and a 52-week high of $11.38.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. The company had revenue of $165.19 million for the quarter, compared to the consensus estimate of $159.17 million. Analysts predict that RealReal will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group lifted their price objective on RealReal from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Friday. B. Riley lifted their price objective on RealReal from $8.00 to $9.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, RealReal presently has a consensus rating of “Buy” and a consensus target price of $11.13.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Game Plan Financial Advisors LLC raised its holdings in shares of RealReal by 52.8% in the first quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company’s stock valued at $30,000 after buying an additional 1,900 shares during the last quarter. Quarry LP raised its holdings in shares of RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after buying an additional 1,569 shares during the last quarter. AlphaQuest LLC bought a new position in shares of RealReal in the first quarter valued at about $59,000. Farther Finance Advisors LLC bought a new position in shares of RealReal in the second quarter valued at about $60,000. Finally, Teacher Retirement System of Texas bought a new position in shares of RealReal in the first quarter valued at about $61,000. 64.73% of the stock is owned by institutional investors.

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.