Luke Thomas Friang Sells 18,503 Shares of The RealReal, Inc. (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the transaction, the insider now directly owns 556,557 shares in the company, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

RealReal Stock Performance

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

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share 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 analyst estimates of $162.69 million. Equities research analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Northland Securities upped their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. UBS Group decreased their price objective on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $8.33.

Institutional Investors Weigh In On RealReal

Hedge funds have recently made changes to their positions in the business. State Street Corp boosted its stake in shares of RealReal by 22.3% during the third quarter. State Street Corp now owns 1,701,387 shares of the company’s stock worth $5,342,000 after buying an additional 310,116 shares during the period. Barclays PLC lifted its position in RealReal by 306.7% in the third quarter. Barclays PLC now owns 136,262 shares of the company’s stock valued at $428,000 after purchasing an additional 102,759 shares during the period. Crestwood Capital Management L.P. lifted its position in RealReal by 20.6% in the third quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock valued at $3,748,000 after purchasing an additional 204,226 shares during the period. Anthracite Investment Company Inc. lifted its position in RealReal by 62.0% in the third quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock valued at $2,340,000 after purchasing an additional 285,304 shares during the period. Finally, Woodson Capital Management LP lifted its position in RealReal by 2.9% in the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock valued at $16,956,000 after purchasing an additional 150,000 shares during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.

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.