The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan Sells 102,386 Shares

The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan sold 102,386 shares of RealReal stock in a transaction on 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 owns 1,327,198 shares in the company, valued at $9,157,666.20. The trade was a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

RealReal Price Performance

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

RealReal (NASDAQ:REAL) last announced its earnings results 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. Analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of RealReal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP boosted its holdings in shares of RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after buying an additional 1,569 shares during the period. Park Edge Advisors LLC bought a new stake in shares of RealReal during the 3rd quarter worth about $41,000. R Squared Ltd bought a new stake in shares of RealReal during the 4th quarter worth about $49,000. XTX Topco Ltd bought a new stake in shares of RealReal during the 3rd quarter worth about $63,000. Finally, Intech Investment Management LLC bought a new stake in RealReal in the 3rd quarter valued at about $88,000. Institutional investors own 64.73% of the company’s stock.

RealReal Company Profile

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.