RealReal (NASDAQ:REAL) CAO Sells $111,712.25 in Stock

The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo sold 12,077 shares of the company’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 $111,712.25. Following the completion of the transaction, the chief accounting officer directly owned 189,469 shares in the company, valued at $1,752,588.25. The trade was a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Steve Ming Lo also recently made the following trade(s):

• On Monday, February 23rd, Steve Ming Lo sold 16,962 shares of RealReal stock. The shares were sold at an average price of $10.72, for a total transaction of $181,832.64.

RealReal Trading Down 0.8%

NASDAQ REAL traded down $0.07 during trading hours 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 stock has a 50-day moving average of $10.19 and a 200 day moving average of $12.65. The RealReal, Inc. has a 1-year low of $4.70 and a 1-year high of $17.39. The stock has a market capitalization of $1.11 billion, a P/E ratio of -9.02 and a beta of 2.84.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $189.72 million for the quarter, compared to analysts’ expectations of $187.82 million. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) earnings per share. As a group, sell-side analysts predict that The RealReal, Inc. will post -0.19 EPS for the current year.

Institutional Investors Weigh In On RealReal

Several hedge funds have recently modified their holdings of REAL. AQR Capital Management LLC lifted its holdings in shares of RealReal by 589.2% during the first quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock worth $4,786,000 after purchasing an additional 759,160 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of RealReal by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock worth $326,000 after purchasing an additional 3,500 shares during the period. Millennium Management LLC lifted its holdings in shares of RealReal by 1.9% during the first quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock worth $4,763,000 after purchasing an additional 16,136 shares during the period. Legal & General Group Plc lifted its holdings in shares of RealReal by 14.1% during the second quarter. Legal & General Group Plc now owns 81,292 shares of the company’s stock worth $389,000 after purchasing an additional 10,052 shares during the period. Finally, Amundi acquired a new stake in shares of RealReal during the second quarter worth $197,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Roth Mkm set a $17.00 price target on shares of RealReal in a research note on Friday, May 8th. BTIG Research cut their target price 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. Robert W. Baird set a $13.00 target price on shares of RealReal in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. One 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 stock. According to MarketBeat.com, RealReal presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

RealReal Company Profile

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.