The RealReal, Inc. (NASDAQ:REAL) CFO Sells $706,463.40 in Stock

The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan sold 102,386 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $706,463.40. Following the completion of the sale, the chief financial officer now directly owns 1,327,198 shares of the company’s stock, valued at $9,157,666.20. This represents a 7.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $6.87 on Tuesday. The company has a market cap of $753.58 million, a price-to-earnings ratio of -5.33 and a beta of 2.83. The firm has a 50 day simple moving average of $9.03 and a 200 day simple moving average of $5.63. The RealReal, Inc. has a one year low of $1.52 and a one year high of $11.38.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on REAL. UBS Group boosted their price objective on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Northland Securities upped their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, RealReal presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.38.

Institutional Investors Weigh In On RealReal

Large investors have recently modified their holdings of the company. Quarry LP grew its holdings in RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after purchasing an additional 1,569 shares during the period. R Squared Ltd acquired a new stake in RealReal in the fourth quarter worth $49,000. Harvest Fund Management Co. Ltd acquired a new stake in RealReal in the fourth quarter worth $94,000. Jag Capital Management LLC acquired a new stake in RealReal in the fourth quarter worth $126,000. Finally, PharVision Advisers LLC acquired a new stake in RealReal in the fourth quarter worth $133,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.