Gopal Ajay Madan Sells 35,023 Shares of RealReal (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan sold 35,023 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $323,962.75. Following the completion of the transaction, the chief financial officer owned 1,145,278 shares in the company, valued at approximately $10,593,821.50. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Gopal Ajay Madan also recently made the following trade(s):

• On Thursday, March 19th, Gopal Ajay Madan sold 51,585 shares of RealReal stock. The stock was sold at an average price of $9.29, for a total transaction of $479,224.65.
• On Monday, February 23rd, Gopal Ajay Madan sold 31,381 shares of RealReal stock. The shares were sold at an average price of $10.72, for a total transaction of $336,404.32.

RealReal Price Performance

Shares of REAL traded down $0.07 on Friday, hitting $9.20. The company’s stock had a trading volume of 2,117,230 shares, compared to its average volume of 3,423,807. The company has a market capitalization of $1.11 billion, a PE ratio of -9.02 and a beta of 2.84. The RealReal, Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $17.39. The company has a 50 day moving average price of $10.19 and a 200 day moving average price of $12.65.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $189.72 million during the quarter, compared to the consensus estimate of $187.82 million. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) EPS. On average, equities analysts forecast that The RealReal, Inc. will post -0.19 EPS for the current year.

Hedge Funds Weigh In On RealReal

Several hedge funds have recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in RealReal in the first quarter worth about $26,000. Quarry LP acquired a new position in RealReal during the 3rd quarter valued at about $28,000. Larson Financial Group LLC acquired a new position in RealReal during the 3rd quarter valued at about $31,000. Gables Capital Management Inc. bought a new position in shares of RealReal in the 1st quarter valued at about $35,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of RealReal by 25.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after purchasing an additional 1,253 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Roth Mkm set a $17.00 price target on shares of RealReal in a research report on Friday, May 8th. KeyCorp raised their price objective on shares of RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. BTIG Research decreased their price target on shares of RealReal from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Robert W. Baird set a $13.00 price target on shares of RealReal in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, RealReal currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

About RealReal

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.