Key Points
- RealReal CFO Gopal Ajay Madan sold 35,023 shares on May 21 at an average price of $9.25, totaling about $324,000. After the sale, he still owned 1,145,278 shares, reducing his position by 2.97%.
- The CFO has been selling shares repeatedly, including 51,585 shares in March and 31,381 shares in February, suggesting a pattern of insider selling rather than a one-off transaction.
- RealReal recently reported mixed but improving results: it met EPS expectations with a $0.01 loss and posted revenue of $189.72 million, up 18.5% year over year. Analysts remain moderately bullish overall, with a consensus price target of $17.25 versus the stock’s recent price around $9.20.
The RealReal, Inc. (NASDAQ:REAL - Get Free Report) CAO Steve Ming Lo sold 12,077 shares of the stock in a transaction on 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. This trade represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 Price Performance
NASDAQ REAL opened at $9.20 on Friday. The firm's fifty day moving average price is $10.17 and its 200 day moving average price is $12.62. 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 RealReal, Inc. has a 12 month low of $4.70 and a 12 month high of $17.39.
RealReal (NASDAQ:REAL - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting analysts' consensus estimates of ($0.01). The company had revenue of $189.72 million during the quarter, compared to analysts' expectations of $187.82 million. The company's quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned ($0.08) earnings per share. As a group, sell-side analysts forecast that The RealReal, Inc. will post -0.19 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank grew its position in RealReal by 0.3% during the 3rd quarter. Comerica Bank now owns 351,156 shares of the company's stock worth $3,733,000 after purchasing an additional 1,156 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of RealReal by 40.7% in the 4th quarter. Larson Financial Group LLC now owns 4,099 shares of the company's stock worth $65,000 after acquiring an additional 1,185 shares during the period. Evoke Wealth LLC lifted its stake in shares of RealReal by 2.9% in the 4th quarter. Evoke Wealth LLC now owns 43,853 shares of the company's stock worth $692,000 after acquiring an additional 1,240 shares during the period. EverSource Wealth Advisors LLC lifted 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 worth $57,000 after acquiring an additional 1,253 shares during the period. Finally, DRW Securities LLC lifted its stake in shares of RealReal by 10.3% in the 4th quarter. DRW Securities LLC now owns 17,717 shares of the company's stock worth $280,000 after acquiring an additional 1,650 shares during the period. 64.73% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have issued reports on REAL shares. BTIG Research lowered their price objective on shares of RealReal from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Friday, May 8th. Robert W. Baird set a $13.00 price objective 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 report on Saturday, April 18th. Weiss Ratings reissued a "sell (d-)" rating on shares of RealReal in a research report on Tuesday, April 21st. Finally, UBS Group lowered their price objective on shares of RealReal from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.25.
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RealReal Company Profile
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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.
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