Gopal Ajay Madan Sells 102,386 Shares of The RealReal, Inc. (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan sold 102,386 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 value of $706,463.40. Following the sale, the chief financial officer now directly owns 1,327,198 shares of the company’s stock, valued at $9,157,666.20. This represents a 7.16 % 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 Down 1.9 %

Shares of NASDAQ:REAL opened at $6.74 on Wednesday. The stock’s 50 day moving average is $8.97 and its 200-day moving average is $5.66. The RealReal, Inc. has a twelve month low of $1.52 and a twelve month high of $11.38. The firm has a market capitalization of $739.32 million, a price-to-earnings ratio of -5.22 and a beta of 2.83.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $4.00 to $15.00 in a report on Monday, December 9th. UBS Group increased their target price on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Northland Securities raised their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Two 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.38.

Institutional Investors Weigh In On RealReal

A number of institutional investors and hedge funds have recently made changes to their positions in REAL. Quarry LP boosted its stake in RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after purchasing an additional 1,569 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of RealReal by 6.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company’s stock valued at $622,000 after purchasing an additional 3,236 shares in the last quarter. R Squared Ltd purchased a new position in shares of RealReal during the fourth quarter valued at approximately $49,000. Price T Rowe Associates Inc. MD grew its holdings in RealReal by 8.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 101,035 shares of the company’s stock worth $1,105,000 after buying an additional 7,645 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in RealReal during the fourth quarter worth $94,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

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.