The RealReal, Inc. (NASDAQ:REAL – Get Free Report) CAO Steve Ming Lo sold 23,477 shares of RealReal stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $161,991.30. Following the sale, the chief accounting officer now directly owns 330,117 shares in the company, valued at $2,277,807.30. The trade was a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Steve Ming Lo also recently made the following trade(s):
- On Monday, December 2nd, Steve Ming Lo sold 96,666 shares of RealReal stock. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60.
RealReal Stock Up 6.3 %
Shares of REAL opened at $6.87 on Tuesday. The business has a 50-day simple moving average of $9.03 and a two-hundred day simple moving average of $5.63. The stock has a market cap of $753.58 million, a PE ratio of -5.33 and a beta of 2.83. The RealReal, Inc. has a 12-month low of $1.52 and a 12-month high of $11.38.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in REAL. AWM Investment Company Inc. lifted its holdings in RealReal by 40.3% during the fourth quarter. AWM Investment Company Inc. now owns 1,373,847 shares of the company’s stock valued at $15,016,000 after purchasing an additional 394,748 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of RealReal in the 4th quarter worth $133,000. Voloridge Investment Management LLC purchased a new position in shares of RealReal during the 4th quarter valued at about $17,138,000. Two Sigma Advisers LP boosted its position in RealReal by 8.7% during the fourth quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company’s stock valued at $24,867,000 after buying an additional 181,300 shares during the period. Finally, Two Sigma Investments LP grew its position in RealReal by 26.3% during the 4th quarter. Two Sigma Investments LP now owns 2,189,454 shares of the company’s stock worth $23,931,000 after acquiring an additional 456,425 shares during the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on REAL. UBS Group lifted their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Northland Securities increased their price target 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. Finally, Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $7.38.
Check Out Our Latest Report on RealReal
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.
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