The RealReal, Inc. (NASDAQ:REAL) Insider Sells $127,670.70 in Stock

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) 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 transaction, the insider now owns 556,557 shares of the company's stock, valued at approximately $3,840,243.30. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

RealReal Stock Performance

REAL traded down $0.18 during mid-day trading on Thursday, reaching $6.67. 920,869 shares of the stock were exchanged, compared to its average volume of 3,324,535. The company has a 50 day moving average price of $8.94 and a two-hundred day moving average price of $5.67. The RealReal, Inc. has a 1 year low of $1.68 and a 1 year high of $11.38. The stock has a market capitalization of $731.09 million, a PE ratio of -5.18 and a beta of 2.83.

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 business had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. Sell-side analysts expect that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of REAL. Quarry LP raised 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of RealReal by 6.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company's stock worth $622,000 after purchasing an additional 3,236 shares during the period. R Squared Ltd purchased a new position in shares of RealReal in the 4th quarter worth approximately $49,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of RealReal by 8.2% in the 4th 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 during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of RealReal in the 4th quarter worth $94,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Securities lifted their price objective 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. Finally, UBS Group cut their price objective on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday. 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 company's stock. According to data from MarketBeat, the stock 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.