RealReal (NASDAQ:REAL) Insider Todd Suko Sells 17,353 Shares

The RealReal, Inc. (NASDAQ:REAL) insider Todd Suko sold 17,353 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $160,515.25. Following the sale, the insider owned 605,394 shares in the company, valued at $5,599,894.50. The trade was a 2.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

RealReal Trading Down 0.8%

RealReal stock traded down $0.07 during mid-day trading on Friday, hitting $9.20. The stock had a trading volume of 2,117,230 shares, compared to its average volume of 3,423,807. The RealReal, Inc. has a one year low of $4.70 and a one year high of $17.39. The firm has a market capitalization of $1.11 billion, a P/E ratio of -9.02 and a beta of 2.84. The firm’s 50 day moving average is $10.19 and its 200 day moving average is $12.65.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. During the same period in the prior year, the business earned ($0.08) earnings per share. RealReal’s revenue was up 18.5% compared to the same quarter last year. As a group, equities research analysts forecast that The RealReal, Inc. will post -0.19 earnings per share for the current year.

Institutional Trading of RealReal

Several institutional investors have recently made changes to their positions in the company. KBC Group NV acquired a new position in RealReal in the first quarter valued at approximately $26,000. Quarry LP acquired a new stake in RealReal during the third quarter worth $28,000. Larson Financial Group LLC acquired a new stake in RealReal during the third quarter worth $31,000. Gables Capital Management Inc. purchased a new stake in RealReal in the first quarter valued at $35,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of RealReal by 25.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after purchasing an additional 1,253 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Analyst Upgrades and Downgrades

REAL has been the topic of several research reports. KeyCorp boosted their price target on shares of RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Roth Mkm set a $17.00 price objective on shares of RealReal in a research report on Friday, May 8th. BTIG Research dropped their price objective on shares of RealReal from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Finally, UBS Group reduced their price objective on RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

About RealReal

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.