Luke Thomas Friang Sells 16,239 Shares of The RealReal, Inc. (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) insider Luke Thomas Friang sold 16,239 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $42,383.79. Following the completion of the transaction, the insider now owns 517,598 shares in the company, valued at $1,350,930.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

RealReal Stock Up 1.9 %

REAL traded up $0.05 during trading on Wednesday, hitting $2.69. The company had a trading volume of 1,522,957 shares, compared to its average volume of 2,828,160. The company has a market capitalization of $285.06 million, a PE ratio of -2.36 and a beta of 2.90. The RealReal, Inc. has a one year low of $1.26 and a one year high of $4.64. The firm’s 50-day moving average price is $3.17 and its 200 day moving average price is $3.27.

Institutional Investors Weigh In On RealReal

Several institutional investors have recently added to or reduced their stakes in REAL. Findell Capital Management LLC bought a new stake in RealReal in the 4th quarter valued at $13,681,000. Renaissance Technologies LLC acquired a new stake in RealReal in the 2nd quarter valued at $1,563,000. AWM Investment Company Inc. acquired a new stake in RealReal in the 1st quarter valued at $1,862,000. Anthracite Investment Company Inc. acquired a new stake in RealReal in the 4th quarter valued at $925,000. Finally, GSA Capital Partners LLP acquired a new stake in RealReal in the 1st quarter valued at $1,430,000. 64.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on REAL shares. Wedbush cut their target price on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Company increased their target price on shares of RealReal from $2.00 to $4.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Robert W. Baird cut their target price on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $6.00 target price on shares of RealReal in a report on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, RealReal has an average rating of “Hold” and an average target price of $4.17.

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.