Insider Selling: The RealReal, Inc. (NASDAQ:REAL) CEO Sells $786,027.30 in Stock

The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi sold 113,917 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $786,027.30. Following the transaction, the chief executive officer now owns 2,307,199 shares in the company, valued at $15,919,673.10. This represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

RealReal Stock Up 1.5 %

Shares of REAL stock opened at $6.84 on Thursday. The RealReal, Inc. has a 12-month low of $1.56 and a 12-month high of $11.38. The firm has a 50 day moving average price of $8.94 and a two-hundred day moving average price of $5.67. The company has a market capitalization of $750.29 million, a PE ratio of -5.30 and a beta of 2.83.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. As a group, research analysts expect that The RealReal, Inc. will post -0.4 EPS for the current year.

Analyst Upgrades and Downgrades

REAL has been the subject of a number of research analyst reports. Northland Securities lifted their price target on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, UBS Group dropped their price target on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, RealReal currently has an average rating of “Moderate Buy” and a consensus price target of $8.33.

Institutional Investors Weigh In On RealReal

A number of institutional investors have recently modified their holdings of REAL. Anchorage Capital Advisors L.P. bought a new position in RealReal during the third quarter worth about $10,675,000. Woodson Capital Management LP grew its position in shares of RealReal by 2.9% during the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after purchasing an additional 150,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of RealReal by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company’s stock worth $53,613,000 after purchasing an additional 121,626 shares during the period. Geode Capital Management LLC raised its position in shares of RealReal by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company’s stock valued at $25,447,000 after buying an additional 33,927 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of RealReal by 8.7% in the fourth quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company’s stock valued at $24,867,000 after buying an additional 181,300 shares during the period. Institutional investors own 64.73% of the company’s stock.

About RealReal

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.