Key Points
- CAO Steve Ming Lo sold 22,426 shares of RealReal on Nov. 21 at an average price of $13.06 for about $292,884, reducing his stake by 6.76% to 309,342 shares (he also sold 13,542 shares on Nov. 13).
- RealReal reported quarterly EPS of ($0.49), missing estimates by $0.35 while revenue of $173.6M slightly beat expectations, and the stock traded up about 3.4% to $13.52 on elevated volume.
- Institutional buying has ramped up and analysts have been upgrading the name, leaving a consensus rating of Moderate Buy with an average target of $14.63.
The RealReal, Inc. (NASDAQ:REAL - Get Free Report) CAO Steve Ming Lo sold 22,426 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $13.06, for a total value of $292,883.56. Following the transaction, the chief accounting officer owned 309,342 shares of the company's stock, valued at $4,040,006.52. This represents a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Steve Ming Lo also recently made the following trade(s):
- On Thursday, November 13th, Steve Ming Lo sold 13,542 shares of RealReal stock. The shares were sold at an average price of $14.27, for a total transaction of $193,244.34.
RealReal Trading Up 3.4%
Shares of RealReal stock traded up $0.45 during mid-day trading on Friday, reaching $13.52. 5,286,473 shares of the stock were exchanged, compared to its average volume of 4,774,025. The RealReal, Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $16.24. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -9.80 and a beta of 2.54. The firm has a 50-day simple moving average of $11.51 and a 200 day simple moving average of $8.02.
RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.35). The business had revenue of $173.57 million for the quarter, compared to analysts' expectations of $169.01 million. RealReal has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts predict that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.
Institutional Trading of RealReal
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP lifted its position in RealReal by 652.5% during the 3rd quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company's stock valued at $27,636,000 after purchasing an additional 2,254,300 shares during the period. American Century Companies Inc. grew its position in shares of RealReal by 3,474.7% during the 3rd quarter. American Century Companies Inc. now owns 1,837,907 shares of the company's stock worth $19,537,000 after buying an additional 1,786,493 shares during the period. Jupiter Asset Management Ltd. raised its stake in shares of RealReal by 501.0% during the third quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company's stock worth $20,846,000 after buying an additional 1,634,782 shares during the last quarter. BIT Capital GmbH bought a new stake in shares of RealReal during the third quarter worth approximately $10,912,000. Finally, Kanen Wealth Management LLC lifted its holdings in RealReal by 26.2% in the second quarter. Kanen Wealth Management LLC now owns 4,708,623 shares of the company's stock valued at $22,554,000 after buying an additional 978,660 shares during the period. 64.73% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
REAL has been the topic of a number of research analyst reports. KeyCorp upgraded RealReal from a "sector weight" rating to an "overweight" rating and set a $16.00 price target on the stock in a research report on Wednesday, November 5th. Wall Street Zen raised RealReal from a "hold" rating to a "buy" rating in a research note on Saturday, November 15th. BTIG Research increased their target price on RealReal from $11.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, November 11th. UBS Group lifted their price target on RealReal from $10.50 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, November 11th. Finally, Roth Capital set a $17.50 price objective on shares of RealReal and gave the stock a "buy" rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, RealReal presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.63.
Read Our Latest Research Report on RealReal
RealReal Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
