Levesque Rati Sahi Sells 113,917 Shares of The RealReal, Inc. (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi sold 113,917 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $786,027.30. Following the sale, the chief executive officer now directly owns 2,307,199 shares of the company’s stock, valued at $15,919,673.10. This represents a 4.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

RealReal Price Performance

REAL stock opened at $6.84 on Thursday. The stock has a market cap of $750.29 million, a price-to-earnings ratio of -5.30 and a beta of 2.83. The company has a 50 day simple moving average of $8.94 and a 200 day simple moving average of $5.67. The RealReal, Inc. has a 1 year low of $1.56 and a 1 year high of $11.38.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The firm had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. On average, equities research analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

REAL has been the subject of a number of recent analyst reports. 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. UBS Group lowered their price objective on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Northland Securities raised their target price on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $8.33.

Hedge Funds Weigh In On RealReal

A number of institutional investors and hedge funds have recently bought and sold shares of REAL. AWM Investment Company Inc. grew its holdings in shares of RealReal by 40.3% during the fourth quarter. AWM Investment Company Inc. now owns 1,373,847 shares of the company’s stock worth $15,016,000 after purchasing an additional 394,748 shares during the last quarter. PharVision Advisers LLC acquired a new stake in RealReal during the 4th quarter worth approximately $133,000. Voloridge Investment Management LLC acquired a new stake in RealReal during the 4th quarter worth approximately $17,138,000. Two Sigma Advisers LP grew its holdings in RealReal by 8.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company’s stock worth $24,867,000 after acquiring an additional 181,300 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in RealReal by 26.3% in the 4th quarter. Two Sigma Investments LP now owns 2,189,454 shares of the company’s stock valued at $23,931,000 after acquiring an additional 456,425 shares during the period. Institutional investors and hedge funds 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.