Insider Selling: The RealReal, Inc. (NASDAQ:REAL) CAO Sells 23,477 Shares of Stock

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) CAO Steve Ming Lo sold 23,477 shares of the business's stock in a transaction 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 sale, the chief accounting officer now owns 330,117 shares of the company's stock, valued at approximately $2,277,807.30. The trade was a 6.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

REAL traded down $0.18 during midday trading on Thursday, hitting $6.67. The company had a trading volume of 920,869 shares, compared to its average volume of 3,324,535. The company has a market capitalization of $731.09 million, a PE ratio of -5.18 and a beta of 2.83. The RealReal, Inc. has a twelve month low of $1.68 and a twelve month high of $11.38. The firm's 50-day simple moving average is $8.94 and its 200-day simple moving average is $5.67.

RealReal (NASDAQ:REAL - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The firm had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. As a group, sell-side analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

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Institutional Investors Weigh In On RealReal

A number of institutional investors have recently modified their holdings of the business. Anchorage Capital Advisors L.P. bought a new stake in shares of RealReal in the third quarter valued at about $10,675,000. Woodson Capital Management LP lifted its position in RealReal by 2.9% during the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company's stock worth $16,956,000 after purchasing an additional 150,000 shares during the period. Vanguard Group Inc. lifted its position in RealReal by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company's stock worth $53,613,000 after purchasing an additional 121,626 shares during the period. Geode Capital Management LLC lifted its position in RealReal by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock worth $25,447,000 after purchasing an additional 33,927 shares during the period. Finally, Two Sigma Advisers LP lifted its position in 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 purchasing an additional 181,300 shares during the period. Institutional investors own 64.73% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on REAL. Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $4.00 to $15.00 in a research note on Monday, December 9th. UBS Group dropped their price target on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Northland Securities increased their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, RealReal currently has an average rating of "Moderate Buy" and a consensus price target of $8.33.

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.