Luke Thomas Friang Sells 19,609 Shares of RealReal (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) insider Luke Thomas Friang sold 19,609 shares of RealReal stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $210,208.48. Following the sale, the insider owned 479,656 shares of the company’s stock, valued at approximately $5,141,912.32. The trade was a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

RealReal Stock Up 5.8%

Shares of RealReal stock traded up $0.64 on Tuesday, hitting $11.61. The company’s stock had a trading volume of 4,280,808 shares, compared to its average volume of 2,869,868. The RealReal, Inc. has a 52-week low of $4.61 and a 52-week high of $17.39. The company has a market capitalization of $1.35 billion, a P/E ratio of -8.41 and a beta of 2.65. The firm has a fifty day moving average price of $14.74 and a 200-day moving average price of $12.30.

Analysts Set New Price Targets

Several research firms recently commented on REAL. UBS Group upped their target price on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Wells Fargo & Company increased their price objective on shares of RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Roth Mkm set a $17.50 price target on shares of RealReal and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, KeyCorp increased their price target on shares of RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. One 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. Based on data from MarketBeat.com, RealReal has an average rating of “Moderate Buy” and an average target price of $17.94.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of RealReal in the 3rd quarter worth approximately $28,000. Larson Financial Group LLC acquired a new position in shares of RealReal in the 3rd quarter valued at about $31,000. State of Alaska Department of Revenue bought a new stake in shares of RealReal during the 3rd quarter valued at about $59,000. Flagship Harbor Advisors LLC bought a new position in RealReal in the fourth quarter worth about $71,000. Finally, Kemnay Advisory Services Inc. acquired a new position in RealReal in the fourth quarter valued at approximately $104,000. 64.73% of the stock is owned by institutional investors and hedge funds.

RealReal Company Profile

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.