Insider Selling: RealReal (NASDAQ:REAL) Insider Sells 21,183 Shares of Stock

The RealReal, Inc. (NASDAQ:REAL) insider Luke Thomas Friang sold 21,183 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 $195,942.75. Following the completion of the transaction, the insider owned 530,676 shares in the company, valued at approximately $4,908,753. This trade represents a 3.84% 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.

Luke Thomas Friang also recently made the following trade(s):

• On Monday, February 23rd, Luke Thomas Friang sold 19,609 shares of RealReal stock. The shares were sold at an average price of $10.72, for a total transaction of $210,208.48.

RealReal Trading Down 0.8%

Shares of RealReal stock traded down $0.07 during midday trading on Friday, reaching $9.20. The company 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 price-to-earnings ratio of -9.02 and a beta of 2.84. The stock has a fifty day simple moving average of $10.19 and a 200 day simple moving average of $12.65. The RealReal, Inc. has a 1-year low of $4.70 and a 1-year high of $17.39.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $189.72 million during the quarter, compared to analyst estimates of $187.82 million. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business posted ($0.08) earnings per share. Sell-side analysts expect that The RealReal, Inc. will post -0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

REAL has been the topic of a number of research reports. Robert W. Baird set a $13.00 target price on shares of RealReal in a research report on Friday, May 8th. Wall Street Zen downgraded shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. KeyCorp increased their price objective on shares of RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. UBS Group reduced their price objective on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Finally, BTIG Research lowered their target price on shares of RealReal from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Institutional Trading of RealReal

A number of hedge funds have recently modified their holdings of REAL. Quarry LP bought a new position in RealReal during the 3rd quarter worth approximately $28,000. KBC Group NV bought a new stake in RealReal in the first quarter valued at approximately $26,000. Larson Financial Group LLC acquired a new stake in RealReal in the third quarter worth $31,000. Gables Capital Management Inc. acquired a new stake in RealReal in the first quarter worth $35,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of RealReal during the fourth quarter worth $71,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.