Luke Thomas Friang Sells 18,503 Shares of The RealReal, Inc. (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) insider Luke Thomas Friang sold 18,503 shares of the company’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 $127,670.70. Following the completion of the sale, the insider now directly owns 556,557 shares of the company’s stock, valued at $3,840,243.30. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

RealReal Trading Down 1.9 %

Shares of NASDAQ REAL opened at $6.74 on Wednesday. The RealReal, Inc. has a twelve month low of $1.52 and a twelve month high of $11.38. The company has a market capitalization of $739.32 million, a price-to-earnings ratio of -5.22 and a beta of 2.83. The firm has a 50-day moving average of $8.97 and a two-hundred day moving average of $5.66.

RealReal (NASDAQ:REAL) last issued 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, research analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on REAL. UBS Group upped their price objective on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Northland Securities upped their price objective on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Two investment 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 company. According to MarketBeat, RealReal has a consensus rating of “Moderate Buy” and a consensus target price of $7.38.

Institutional Trading of RealReal

Several institutional investors and hedge funds have recently bought and sold shares of REAL. Quarry LP raised its holdings in RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after buying an additional 1,569 shares during the period. Park Edge Advisors LLC acquired a new stake in RealReal during the 3rd quarter worth about $41,000. R Squared Ltd acquired a new stake in RealReal during the 4th quarter worth about $49,000. XTX Topco Ltd acquired a new stake in RealReal during the 3rd quarter worth about $63,000. Finally, Intech Investment Management LLC acquired a new stake in RealReal during the 3rd quarter worth about $88,000. Institutional investors and hedge funds 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.