The RealReal, Inc. (NASDAQ:REAL - Get Free Report) CAO Steve Ming Lo sold 12,559 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.97, for a total value of $137,772.23. Following the sale, the chief accounting officer owned 176,910 shares in the company, valued at approximately $1,940,702.70. The trade was a 6.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
RealReal Stock Performance
RealReal stock opened at $11.27 on Tuesday. The stock's 50 day moving average price is $11.66 and its 200 day moving average price is $10.91. The RealReal, Inc. has a one year low of $7.21 and a one year high of $17.39. The firm has a market capitalization of $1.37 billion, a PE ratio of -10.06 and a beta of 2.69.
RealReal (NASDAQ:REAL - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $192.57 million during the quarter, compared to analysts' expectations of $188.11 million. The business's revenue was up 16.6% compared to the same quarter last year. On average, analysts forecast that The RealReal, Inc. will post -0.13 earnings per share for the current fiscal year.
Hedge Funds Weigh In On RealReal
Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in RealReal in the second quarter worth about $134,510,000. AWM Investment Company Inc. bought a new position in RealReal during the 2nd quarter worth approximately $21,265,000. Arrowstreet Capital Limited Partnership lifted its holdings in RealReal by 58.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company's stock worth $36,765,000 after buying an additional 1,489,939 shares during the last quarter. California State Teachers Retirement System grew its position in shares of RealReal by 1,050.0% in the 2nd quarter. California State Teachers Retirement System now owns 1,568,836 shares of the company's stock worth $18,497,000 after acquiring an additional 1,432,414 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of RealReal in the 2nd quarter worth approximately $12,655,000. Institutional investors own 64.73% of the company's stock.
More RealReal News
Here are the key news stories impacting RealReal this week:
- Positive Sentiment: The RealReal is using artificial intelligence to price and authenticate items in seconds, a development that could improve transaction speed, operational efficiency, and customer trust. The RealReal is using AI to help price and authenticate items in seconds
- Positive Sentiment: Broader interest in luxury resale and the emergence of more fashion-focused consumers may expand the addressable market for The RealReal’s authenticated secondhand luxury platform. In Luxury’s New Resale Era, Everyone’s a Fashion Expert
- Neutral Sentiment: The company’s latest reported quarter provided a supportive backdrop, with revenue rising 16.6% year over year to $192.57 million and adjusted EPS exceeding consensus expectations, although The RealReal remains unprofitable.
- Negative Sentiment: Multiple insiders sold shares on August 21 at approximately $10.97-$10.98. CEO Levesque Rati Sahi sold 84,432 shares, while CFO Gopal Ajay Madan sold 36,418 shares; additional sales came from CAO Steve Ming Lo and insider Todd A. Suko. Collectively, the transactions totaled about $1.90 million and reduced each seller’s position by roughly 2.9% to 6.6%. The sales were disclosed in SEC filings: CEO Form 4 filing Insider Form 4 filing CAO Form 4 filing CFO Form 4 filing
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on REAL. Robert W. Baird set a $13.00 target price on 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 Friday, July 17th. Roth Capital restated a "buy" rating and set a $19.00 price objective on shares of RealReal in a report on Friday, August 7th. UBS Group upped their target price on RealReal from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Finally, BTIG Research reiterated a "buy" rating and set a $17.00 target price on shares of RealReal in a research note on Wednesday, June 3rd. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.75.
View Our Latest Stock Report on REAL
About RealReal
(
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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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