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

The RealReal, Inc. (NASDAQ:REAL) saw some unusual options trading on Wednesday. Traders acquired 41,630 call options on the company. This is an increase of approximately 1,429% compared to the typical daily volume of 2,723 call options.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $9.15 on Thursday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -8.39 and a beta of 2.67. The firm has a fifty day moving average price of $12.36 and a 200 day moving average price of $12.70. RealReal has a fifty-two week low of $4.61 and a fifty-two week high of $17.39.

Wall Street Analyst Weigh In

REAL has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of RealReal from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. B. Riley Financial lifted their price target on shares of RealReal from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. UBS Group boosted their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Thursday, January 22nd. Finally, KeyCorp raised their target price on RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.06.

Insider Buying and Selling

In other RealReal news, insider Luke Thomas Friang sold 19,609 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $10.72, for a total value of $210,208.48. Following the transaction, the insider directly owned 479,656 shares of the company’s stock, valued at approximately $5,141,912.32. This trade represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Levesque Rati Sahi sold 121,399 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $1,301,397.28. Following the sale, the chief executive officer owned 1,482,779 shares of the company’s stock, valued at approximately $15,895,390.88. This represents a 7.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 286,883 shares of company stock valued at $3,001,619 in the last 90 days. Insiders own 9.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in REAL. Quarry LP bought a new stake in shares of RealReal in the third quarter worth about $28,000. Larson Financial Group LLC bought a new position in RealReal during the third quarter valued at approximately $31,000. Flagship Harbor Advisors LLC bought a new position in RealReal during the fourth quarter valued at approximately $71,000. State of Alaska Department of Revenue purchased a new position in RealReal during the 3rd quarter valued at approximately $59,000. Finally, Kemnay Advisory Services Inc. purchased a new position in RealReal during the 4th quarter valued at approximately $104,000. Hedge funds and other 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.