RealReal (NASDAQ:REAL) Insider Luke Thomas Friang Sells 21,183 Shares

The RealReal, Inc. (NASDAQ:REAL) insider Luke Thomas Friang sold 21,183 shares of RealReal stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $195,942.75. Following the completion of the transaction, the insider owned 530,676 shares in the company, valued at approximately $4,908,753. This represents a 3.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Luke Thomas Friang also recently made the following trade(s):

• On Monday, February 23rd, Luke Thomas Friang sold 19,609 shares of RealReal stock. The shares were sold at an average price of $10.72, for a total value of $210,208.48.

RealReal Stock Down 0.8%

RealReal stock opened at $9.20 on Friday. The stock has a market cap of $1.11 billion, a PE ratio of -9.02 and a beta of 2.84. The business’s 50-day moving average price is $10.17 and its two-hundred day moving average price is $12.62. The RealReal, Inc. has a 12-month low of $4.70 and a 12-month high of $17.39.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) earnings per share. As a group, analysts expect that The RealReal, Inc. will post -0.19 earnings per share for the current year.

Institutional Trading of RealReal

A number of institutional investors have recently added to or reduced their stakes in REAL. KBC Group NV purchased a new stake in RealReal during the 1st quarter worth about $26,000. Quarry LP purchased a new position in shares of RealReal during the 3rd quarter valued at about $28,000. Larson Financial Group LLC purchased a new position in shares of RealReal during the 3rd quarter valued at about $31,000. Gables Capital Management Inc. purchased a new position in shares of RealReal during the 1st quarter valued at about $35,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of RealReal by 25.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after buying an additional 1,253 shares in the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Wall Street Analysts Forecast Growth

REAL has been the topic of several analyst reports. Wall Street Zen cut RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. UBS Group reduced their target price on RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Robert W. Baird set a $13.00 target price on RealReal in a report on Friday, May 8th. Finally, BTIG Research reduced their target price on RealReal from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

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.