Insider Selling: The RealReal, Inc. (NASDAQ:REAL) Insider Sells 18,503 Shares of Stock

The RealReal, Inc. (NASDAQ:REAL) insider Luke Thomas Friang sold 18,503 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $127,670.70. Following the transaction, the insider now directly owns 556,557 shares in the company, valued at approximately $3,840,243.30. The trade was a 3.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

RealReal Stock Down 1.9 %

Shares of REAL stock opened at $6.74 on Wednesday. The RealReal, Inc. has a 12 month low of $1.52 and a 12 month high of $11.38. The business’s 50 day moving average is $8.97 and its two-hundred day moving average is $5.66. The company has a market cap of $739.32 million, a PE ratio of -5.22 and a beta of 2.83.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The business had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. As a group, equities analysts expect that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on REAL shares. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $4.00 to $15.00 in a research report on Monday, December 9th. UBS Group raised their price objective on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Northland Securities raised their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, RealReal presently has an average rating of “Moderate Buy” and an average target price of $7.38.

Institutional Investors Weigh In On RealReal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP grew its stake in shares of RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after acquiring an additional 1,569 shares during the last quarter. Park Edge Advisors LLC acquired a new stake in shares of RealReal in the third quarter worth $41,000. R Squared Ltd acquired a new stake in shares of RealReal in the fourth quarter worth $49,000. XTX Topco Ltd acquired a new stake in shares of RealReal in the third quarter worth $63,000. Finally, Intech Investment Management LLC acquired a new stake in shares of RealReal in the third quarter worth $88,000. Institutional investors and hedge funds 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.