Steve Ming Lo Sells 23,477 Shares of The RealReal, Inc. (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo sold 23,477 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 $161,991.30. Following the completion of the sale, the chief accounting officer now owns 330,117 shares in the company, valued at $2,277,807.30. This represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Steve Ming Lo also recently made the following trade(s):

• On Monday, December 2nd, Steve Ming Lo sold 96,666 shares of RealReal stock. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60.

RealReal Stock Performance

Shares of NASDAQ REAL opened at $6.74 on Wednesday. The RealReal, Inc. has a 1 year low of $1.52 and a 1 year high of $11.38. The firm’s 50 day moving average price is $8.97 and its 200 day moving average price is $5.66. The firm has a market cap of $739.32 million, a P/E ratio of -5.22 and a beta of 2.83.

RealReal (NASDAQ:REAL) last posted 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 business had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. As a group, equities analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

Analyst Upgrades and Downgrades

REAL has been the topic of several research reports. UBS Group increased their price target 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. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Finally, Northland Securities raised their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Two investment 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.38.

Hedge Funds Weigh In On RealReal

A number of large investors have recently bought and sold shares of REAL. Park Edge Advisors LLC purchased a new position in RealReal during the third quarter worth approximately $41,000. Chicago Partners Investment Group LLC raised its stake in RealReal by 53.0% during the third quarter. Chicago Partners Investment Group LLC now owns 55,464 shares of the company’s stock worth $163,000 after purchasing an additional 19,215 shares during the period. AM Investment Strategies LLC purchased a new position in RealReal during the third quarter worth approximately $167,000. Quantum Private Wealth LLC raised its stake in RealReal by 6.1% during the third quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock worth $544,000 after purchasing an additional 10,000 shares during the period. Finally, River Global Investors LLP raised its stake in RealReal by 4.9% during the third quarter. River Global Investors LLP now owns 359,623 shares of the company’s stock worth $1,127,000 after purchasing an additional 16,896 shares during the period. Hedge funds and other institutional investors own 64.73% of the company’s stock.

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.