The RealReal, Inc. (NASDAQ:REAL – Get Free Report) insider Todd Suko sold 17,567 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.97, for a total value of $192,709.99. Following the transaction, the insider directly owned 587,897 shares of the company’s stock, valued at $6,449,230.09. This trade represents a 2.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
RealReal Stock Up 1.3%
NASDAQ:REAL opened at $11.27 on Tuesday. The stock’s 50-day simple moving average is $11.66 and its 200 day simple moving average is $10.91. The firm has a market capitalization of $1.37 billion, a PE ratio of -10.06 and a beta of 2.69. The RealReal, Inc. has a twelve month low of $7.21 and a twelve month high of $17.39.
RealReal (NASDAQ:REAL – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $192.57 million during the quarter, compared to the consensus estimate of $188.11 million. The company’s revenue was up 16.6% compared to the same quarter last year. On average, analysts anticipate that The RealReal, Inc. will post -0.13 EPS for the current fiscal year.
Key RealReal News
- 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
Institutional Investors Weigh In On RealReal
Several hedge funds have recently added to or reduced their stakes in REAL. Quarry LP bought a new stake in RealReal during the 3rd quarter worth approximately $28,000. KBC Group NV bought a new position in shares of RealReal during the first quarter valued at $26,000. Larson Financial Group LLC acquired a new position in shares of RealReal during the third quarter worth $31,000. Gables Capital Management Inc. acquired a new position in shares of RealReal during the first quarter worth $35,000. Finally, Persistent Asset Partners Ltd bought a new stake in shares of RealReal in the second quarter worth $46,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on REAL shares. UBS Group raised their target price on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. BTIG Research reiterated a “buy” rating and issued a $17.00 price target on shares of RealReal in a research note on Wednesday, June 3rd. Roth Capital reissued a “buy” rating and set a $19.00 price objective on shares of RealReal in a report on Friday, August 7th. Robert W. Baird set a $13.00 price objective on RealReal in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a report on Friday, July 17th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, RealReal has a consensus rating of “Moderate Buy” and an average target price of $17.75.
View Our Latest Stock Analysis on RealReal
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.
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