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 value of $706,463.40. Following the transaction, the chief financial officer now owns 1,327,198 shares in the company, valued at $9,157,666.20. This trade represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

RealReal Stock Up 6.3 %

NASDAQ REAL traded up $0.41 on Monday, reaching $6.87. The company had a trading volume of 4,252,055 shares, compared to its average volume of 3,422,620. The firm’s 50 day moving average price is $9.07 and its 200 day moving average price is $5.60. The RealReal, Inc. has a 12 month low of $1.52 and a 12 month high of $11.38. The stock has a market capitalization of $753.57 million, a PE ratio of -5.33 and a beta of 2.83.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Securities upped their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Finally, UBS Group raised their price objective on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Two equities 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.38.

Institutional Trading of RealReal

Hedge funds have recently made changes to their positions in the business. Quarry LP raised its position in RealReal by 120.1% during the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after purchasing an additional 1,569 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in RealReal by 6.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company’s stock worth $622,000 after buying an additional 3,236 shares during the last quarter. R Squared Ltd purchased a new position in RealReal during the fourth quarter worth $49,000. Price T Rowe Associates Inc. MD increased its position in RealReal by 8.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 101,035 shares of the company’s stock valued at $1,105,000 after acquiring an additional 7,645 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal in the fourth quarter valued at $94,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

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.