The RealReal, Inc. (NASDAQ:REAL) CEO Sells $786,027.30 in Stock

The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi sold 113,917 shares of RealReal stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $786,027.30. Following the completion of the transaction, the chief executive officer now directly owns 2,307,199 shares in the company, valued at approximately $15,919,673.10. The trade was a 4.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $6.74 on Wednesday. The company’s 50-day moving average price is $8.97 and its two-hundred day moving average price is $5.66. The RealReal, Inc. has a one year low of $1.52 and a one year high of $11.38. The stock has a market capitalization of $739.32 million, a PE ratio of -5.22 and a beta of 2.83.

RealReal (NASDAQ:REAL) last released 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 company had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. On average, analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RealReal

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Park Edge Advisors LLC acquired a new position in RealReal during the third quarter worth $41,000. Chicago Partners Investment Group LLC grew its position in shares of RealReal by 53.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 55,464 shares of the company’s stock valued at $163,000 after acquiring an additional 19,215 shares during the period. AM Investment Strategies LLC acquired a new position in shares of RealReal during the 3rd quarter worth about $167,000. Quantum Private Wealth LLC raised its holdings in shares of RealReal by 6.1% in the 3rd quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock valued at $544,000 after purchasing an additional 10,000 shares during the period. Finally, River Global Investors LLP raised its holdings in shares of RealReal by 4.9% in the 3rd quarter. River Global Investors LLP now owns 359,623 shares of the company’s stock valued at $1,127,000 after purchasing an additional 16,896 shares during the period. Institutional investors own 64.73% of the company’s stock.

Wall Street Analyst Weigh In

REAL has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $4.00 to $15.00 in a report on Monday, December 9th. UBS Group boosted their price target on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Northland Securities upped their price objective on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $7.38.

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.