The RealReal, Inc. (NASDAQ:REAL) CFO Sells $706,463.40 in Stock

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) CFO Gopal Ajay Madan sold 102,386 shares of RealReal stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the completion of the sale, the chief financial officer now directly owns 1,327,198 shares in the company, valued at approximately $9,157,666.20. This represents a 7.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

RealReal Stock Performance

Shares of REAL traded down $0.18 during trading hours on Thursday, reaching $6.67. The stock had a trading volume of 920,869 shares, compared to its average volume of 3,324,535. The stock 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 12 month low of $1.68 and a 12 month high of $11.38. The company's 50-day moving average is $8.94 and its two-hundred day moving average is $5.67.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) 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 earnings per share for the current fiscal year.

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Institutional Trading of RealReal

Several institutional investors have recently modified their holdings of REAL. Quarry LP lifted 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 acquiring an additional 3,236 shares during the last quarter. R Squared Ltd acquired a new stake in RealReal during the 4th quarter valued at approximately $49,000. Price T Rowe Associates Inc. MD raised its holdings in RealReal by 8.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 101,035 shares of the company's stock worth $1,105,000 after purchasing an additional 7,645 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of RealReal in the 4th quarter valued at $94,000. Institutional investors own 64.73% of the company's stock.

Analyst Ratings Changes

REAL has been the subject of a number of recent research reports. UBS Group cut their price objective on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday. Wells Fargo & Company upgraded 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 research note on Monday, December 9th. Finally, Northland Securities lifted their price objective on RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a report on Tuesday, December 17th. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $8.33.

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.