The RealReal, Inc. (NASDAQ:REAL) CFO Sells $706,463.40 in Stock

The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan sold 102,386 shares of the 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 $706,463.40. Following the transaction, the chief financial officer now directly owns 1,327,198 shares of the company’s stock, valued at $9,157,666.20. This represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

RealReal Trading Down 1.9 %

REAL 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 company has a market cap of $739.32 million, a PE ratio of -5.22 and a beta of 2.83. The company has a 50 day moving average of $8.97 and a 200 day moving average of $5.66.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (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 analysts’ expectations of $162.69 million. Research analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of RealReal

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP grew its holdings in RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after buying an additional 1,569 shares in the last quarter. Park Edge Advisors LLC purchased a new stake in shares of RealReal in the third quarter worth about $41,000. R Squared Ltd bought a new position in shares of RealReal in the fourth quarter valued at approximately $49,000. XTX Topco Ltd purchased a new position in RealReal during the third quarter valued at approximately $63,000. Finally, Intech Investment Management LLC bought a new stake in RealReal during the 3rd quarter worth approximately $88,000. Hedge funds and other institutional investors 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.