The RealReal, Inc. (NASDAQ:REAL) CEO John E. Koryl Sells 396,478 Shares of Stock

The RealReal, Inc. (NASDAQ:REAL) CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

RealReal Stock Performance

RealReal stock opened at $8.73 on Thursday. The stock has a 50-day simple moving average of $6.89 and a 200 day simple moving average of $4.39. The stock has a market capitalization of $957.60 million, a P/E ratio of -9.92 and a beta of 2.87. The RealReal, Inc. has a 52 week low of $1.52 and a 52 week high of $11.38.

Wall Street Analysts Forecast Growth

Several research firms have commented on REAL. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Northland Securities raised their price objective on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, UBS Group increased their price target on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.38.

Institutional Investors Weigh In On RealReal

Several hedge funds have recently added to or reduced their stakes in REAL. Evoke Wealth LLC acquired a new stake in RealReal during the second quarter worth approximately $36,000. Principal Financial Group Inc. bought a new stake in RealReal during the second quarter worth about $39,000. Park Edge Advisors LLC bought a new position in RealReal in the 3rd quarter valued at about $41,000. XTX Topco Ltd acquired a new position in shares of RealReal in the 3rd quarter valued at approximately $63,000. Finally, Intech Investment Management LLC bought a new stake in shares of RealReal during the 3rd quarter worth approximately $88,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Company Profile

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.