The RealReal, Inc. (NASDAQ:REAL) Insider Luke Thomas Friang Sells 18,503 Shares

The RealReal, Inc. (NASDAQ:REAL) insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the transaction, the insider now owns 556,557 shares of the company’s stock, valued at $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

RealReal Trading Up 6.3 %

Shares of REAL stock opened at $6.87 on Tuesday. The stock has a 50-day moving average of $9.03 and a 200-day moving average of $5.63. The stock has a market cap of $753.58 million, a price-to-earnings ratio of -5.33 and a beta of 2.83. The RealReal, Inc. has a 1-year low of $1.52 and a 1-year high of $11.38.

RealReal (NASDAQ:REAL) last released 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 business had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. Sell-side analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group upped their target price on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised 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. Finally, Northland Securities lifted their target price on shares of 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 issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $7.38.

Hedge Funds Weigh In On RealReal

A number of hedge funds have recently bought and sold shares of REAL. AWM Investment Company Inc. boosted its position in RealReal by 40.3% during the fourth quarter. AWM Investment Company Inc. now owns 1,373,847 shares of the company’s stock valued at $15,016,000 after acquiring an additional 394,748 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of RealReal in the 4th quarter valued at about $133,000. Voloridge Investment Management LLC bought a new stake in shares of RealReal during the 4th quarter valued at about $17,138,000. Two Sigma Advisers LP grew its stake 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. Finally, Two Sigma Investments LP increased its holdings in RealReal by 26.3% in the fourth quarter. Two Sigma Investments LP now owns 2,189,454 shares of the company’s stock worth $23,931,000 after purchasing an additional 456,425 shares in the last quarter. Institutional investors own 64.73% of the company’s stock.

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.