The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi Sells 113,917 Shares

The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi sold 113,917 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $786,027.30. Following the completion of the transaction, the chief executive officer now directly owns 2,307,199 shares in the company, valued at $15,919,673.10. This represents a 4.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

RealReal Stock Performance

NASDAQ REAL opened at $6.87 on Tuesday. The RealReal, Inc. has a one year low of $1.52 and a one year high of $11.38. The company has a market capitalization of $753.58 million, a price-to-earnings ratio of -5.33 and a beta of 2.83. The company’s 50-day simple moving average is $9.03 and its two-hundred day simple moving average is $5.63.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. Equities analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

REAL has been the topic of several recent analyst reports. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Securities raised their target price 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. Finally, UBS Group raised their target price 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. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $7.38.

Institutional Trading of RealReal

A number of institutional investors have recently modified their holdings of the company. Anchorage Capital Advisors L.P. bought a new stake in shares of RealReal in the 3rd quarter valued at about $10,675,000. Woodson Capital Management LP boosted its holdings in shares of RealReal by 2.9% in the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock valued at $16,956,000 after buying an additional 150,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in RealReal by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company’s stock worth $53,613,000 after purchasing an additional 121,626 shares in the last quarter. Geode Capital Management LLC boosted its stake in RealReal by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company’s stock worth $25,447,000 after purchasing an additional 33,927 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in RealReal by 8.7% in the 4th quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company’s stock worth $24,867,000 after purchasing an additional 181,300 shares in the last quarter. 64.73% of the stock is currently 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.