The RealReal, Inc. (NASDAQ:REAL) CAO Sells $161,991.30 in Stock

The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $161,991.30. Following the completion of the transaction, the chief accounting officer now owns 330,117 shares of the company’s stock, valued at approximately $2,277,807.30. This trade represents a 6.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 stock was sold at an average price of $6.10, for a total value of $589,662.60.

RealReal Price Performance

RealReal stock opened at $6.84 on Thursday. The RealReal, Inc. has a one year low of $1.56 and a one year high of $11.38. The stock has a market capitalization of $750.29 million, a PE ratio of -5.30 and a beta of 2.83. The business’s fifty day moving average is $8.94 and its 200 day moving average is $5.67.

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

Analysts Set New Price Targets

REAL has been the topic of a number of recent research reports. UBS Group cut their target price on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday. Northland Securities increased their target price on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and increased their target price 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RealReal has a consensus rating of “Moderate Buy” and an average target price of $8.33.

Institutional Investors Weigh In On RealReal

Several institutional investors have recently modified their holdings of REAL. Quarry LP boosted its position in shares of RealReal by 120.1% during the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after buying an additional 1,569 shares during the last quarter. Park Edge Advisors LLC purchased a new stake in shares of RealReal during the third quarter valued at $41,000. R Squared Ltd purchased a new position in RealReal in the fourth quarter worth about $49,000. XTX Topco Ltd purchased a new position in RealReal in the third quarter worth about $63,000. Finally, Intech Investment Management LLC purchased a new position in RealReal in the third quarter worth about $88,000. 64.73% of the stock is owned by hedge funds and other 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.