Luke Thomas Friang Sells 21,183 Shares of RealReal (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) insider Luke Thomas Friang sold 21,183 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $195,942.75. Following the transaction, the insider directly owned 530,676 shares in the company, valued at $4,908,753. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Luke Thomas Friang also recently made the following trade(s):

• On Monday, February 23rd, Luke Thomas Friang sold 19,609 shares of RealReal stock. The stock was sold at an average price of $10.72, for a total transaction of $210,208.48.

RealReal Trading Down 0.8%

Shares of REAL opened at $9.20 on Friday. The RealReal, Inc. has a 12 month low of $4.70 and a 12 month high of $17.39. The firm’s 50 day moving average is $10.17 and its 200-day moving average is $12.62. The stock has a market capitalization of $1.11 billion, a PE ratio of -9.02 and a beta of 2.84.

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) earnings per share. Equities research analysts predict that The RealReal, Inc. will post -0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RealReal

A number of hedge funds have recently bought and sold shares of the company. Comerica Bank raised its stake in RealReal by 0.3% during the third quarter. Comerica Bank now owns 351,156 shares of the company’s stock worth $3,733,000 after buying an additional 1,156 shares during the last quarter. Larson Financial Group LLC increased its stake in RealReal by 40.7% in the fourth quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock valued at $65,000 after purchasing an additional 1,185 shares in the last quarter. Evoke Wealth LLC increased its stake in RealReal by 2.9% in the fourth quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock valued at $692,000 after purchasing an additional 1,240 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in RealReal by 25.1% in the first quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after purchasing an additional 1,253 shares in the last quarter. Finally, DRW Securities LLC increased its stake in RealReal by 10.3% in the fourth quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock valued at $280,000 after purchasing an additional 1,650 shares in the last quarter. Institutional investors own 64.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on REAL shares. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. Roth Mkm set a $17.00 target price on shares of RealReal in a research report on Friday, May 8th. BTIG Research cut their target price on shares of RealReal from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Robert W. Baird set a $13.00 target price on shares of RealReal in a research report on Friday, May 8th. Finally, UBS Group cut their target price on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.25.

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.