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

The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi sold 113,917 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $786,027.30. Following the completion of the transaction, the chief executive officer now directly owns 2,307,199 shares in the company, valued at $15,919,673.10. This trade represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

RealReal Stock Up 6.3 %

Shares of REAL traded up $0.41 during trading hours on Monday, reaching $6.87. The company’s stock had a trading volume of 4,252,055 shares, compared to its average volume of 3,422,620. The firm has a market cap of $753.57 million, a price-to-earnings ratio of -5.33 and a beta of 2.83. The company has a 50 day moving average of $9.07 and a two-hundred day moving average of $5.60. The RealReal, Inc. has a 1-year low of $1.52 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) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. As a group, analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On RealReal

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Park Edge Advisors LLC acquired a new position in RealReal during the 3rd quarter valued at $41,000. Chicago Partners Investment Group LLC increased its holdings in shares of RealReal by 53.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 55,464 shares of the company’s stock worth $163,000 after purchasing an additional 19,215 shares during the period. AM Investment Strategies LLC acquired a new position in shares of RealReal during the third quarter valued at about $167,000. Quantum Private Wealth LLC raised its position in shares of RealReal by 6.1% during the third quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock valued at $544,000 after buying an additional 10,000 shares during the last quarter. Finally, River Global Investors LLP lifted its stake in shares of RealReal by 4.9% in the third quarter. River Global Investors LLP now owns 359,623 shares of the company’s stock valued at $1,127,000 after buying an additional 16,896 shares during the period. 64.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on REAL. 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 report on Tuesday, December 17th. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $4.00 to $15.00 in a report on Monday, December 9th. Finally, UBS Group lifted their price objective on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, RealReal presently has an average rating of “Moderate Buy” and an average price target of $7.38.

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.