Levesque Rati Sahi Sells 113,917 Shares of The RealReal, Inc. (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) CEO Levesque Rati Sahi sold 113,917 shares of RealReal 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 $786,027.30. Following the transaction, the chief executive officer now owns 2,307,199 shares in the company, valued at approximately $15,919,673.10. The trade was a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

RealReal Trading Down 2.6 %

RealReal stock traded down $0.18 on Thursday, reaching $6.67. 920,869 shares of the stock were exchanged, compared to its average volume of 3,324,535. The stock has a market cap 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 has a fifty day moving average price of $8.94 and a two-hundred day moving average price of $5.67.

RealReal (NASDAQ:REAL - Get Free Report) last posted its 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 company had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. Equities analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP grew its position in shares of RealReal by 120.1% in the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after acquiring an additional 1,569 shares during the period. Park Edge Advisors LLC bought a new position in shares of RealReal in the 3rd quarter valued at about $41,000. R Squared Ltd bought a new position in shares of RealReal in the 4th quarter valued at about $49,000. XTX Topco Ltd bought a new position in shares of RealReal in the 3rd quarter valued at about $63,000. Finally, Intech Investment Management LLC bought a new position in shares of RealReal in the 3rd quarter valued at about $88,000. Institutional investors own 64.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on REAL shares. Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $4.00 to $15.00 in a report on Monday, December 9th. UBS Group lowered their price target on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, 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. 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 MarketBeat, RealReal currently has an average rating of "Moderate Buy" and a consensus target price 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.