The RealReal, Inc. (NASDAQ:REAL) Insider Sells $127,670.70 in 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 stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the sale, the insider now directly owns 556,557 shares in the company, valued at $3,840,243.30. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

RealReal Stock Performance

Shares of NASDAQ:REAL traded up $0.41 during midday trading on Monday, hitting $6.87. 4,252,055 shares of the company’s stock traded hands, compared to its average volume of 3,422,620. The RealReal, Inc. has a twelve month low of $1.52 and a twelve month high of $11.38. The company has a market cap of $753.57 million, a PE ratio of -5.33 and a beta of 2.83. The firm’s fifty day moving average price is $9.07 and its two-hundred day moving average price is $5.60.

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 analysts’ consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. As a group, equities research analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Institutional Trading of RealReal

A number of hedge funds have recently made changes to their positions in REAL. Anchorage Capital Advisors L.P. purchased a new position in shares of RealReal in the third quarter valued at $10,675,000. Woodson Capital Management LP lifted its holdings in RealReal by 2.9% in the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after buying an additional 150,000 shares in the last quarter. Vanguard Group Inc. boosted its position in RealReal by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company’s stock valued at $53,613,000 after buying an additional 121,626 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of RealReal by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company’s stock valued at $25,447,000 after acquiring an additional 33,927 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of RealReal by 8.7% during the fourth quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company’s stock worth $24,867,000 after acquiring an additional 181,300 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.