RealReal (NASDAQ:REAL) CAO Steve Ming Lo Sells 12,559 Shares of Stock

The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo sold 12,559 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.97, for a total transaction of $137,772.23. Following the sale, the chief accounting officer directly owned 176,910 shares of the company’s stock, valued at $1,940,702.70. This represents a 6.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

RealReal Stock Up 1.3%

REAL traded up $0.15 during trading on Monday, hitting $11.27. The company had a trading volume of 2,717,311 shares, compared to its average volume of 3,376,204. The company has a market capitalization of $1.37 billion, a PE ratio of -10.06 and a beta of 2.69. The RealReal, Inc. has a one year low of $7.21 and a one year high of $17.39. The firm’s 50-day moving average price is $11.66 and its 200 day moving average price is $10.93.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. RealReal’s revenue for the quarter was up 16.6% on a year-over-year basis. Sell-side analysts forecast that The RealReal, Inc. will post -0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Robert W. Baird set a $13.00 target price on RealReal in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th. BTIG Research reiterated a “buy” rating and issued a $17.00 price objective on shares of RealReal in a report on Wednesday, June 3rd. UBS Group boosted their price objective on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $19.00 target price on shares of RealReal in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.75.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in RealReal in the second quarter valued at approximately $134,510,000. AWM Investment Company Inc. acquired a new stake in shares of RealReal in the 2nd quarter valued at approximately $21,265,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of RealReal by 58.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock valued at $36,765,000 after buying an additional 1,489,939 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of RealReal by 1,050.0% in the second quarter. California State Teachers Retirement System now owns 1,568,836 shares of the company’s stock valued at $18,497,000 after buying an additional 1,432,414 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of RealReal in the second quarter valued at $12,655,000. 64.73% of the stock is owned by institutional investors and hedge funds.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.