RealReal (NASDAQ:REAL) Insider Todd Suko Sells 17,567 Shares

The RealReal, Inc. (NASDAQ:REAL) insider Todd Suko sold 17,567 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.97, for a total transaction of $192,709.99. Following the transaction, the insider directly owned 587,897 shares in the company, valued at approximately $6,449,230.09. The trade was a 2.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

RealReal Stock Up 1.3%

Shares of NASDAQ:REAL traded up $0.15 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 firm’s 50-day simple moving average is $11.66 and its two-hundred day simple moving average is $10.93. The RealReal, Inc. has a 1 year low of $7.21 and a 1 year high of $17.39. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -10.06 and a beta of 2.69.

RealReal (NASDAQ:REAL) last announced 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 company had revenue of $192.57 million for the quarter, compared to analysts’ expectations of $188.11 million. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts anticipate that The RealReal, Inc. will post -0.13 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on REAL. Robert W. Baird set a $13.00 price target on RealReal in a research report on Friday, May 8th. BTIG Research reissued a “buy” rating and set a $17.00 price objective on shares of RealReal in a research report on Wednesday, June 3rd. Roth Capital restated a “buy” rating and set a $19.00 target price on shares of RealReal in a report on Friday, August 7th. UBS Group increased their price target on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, RealReal currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.75.

Hedge Funds Weigh In On RealReal

Institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System boosted its stake in RealReal by 1,050.0% in the 2nd quarter. California State Teachers Retirement System now owns 1,568,836 shares of the company’s stock worth $18,497,000 after purchasing an additional 1,432,414 shares in the last quarter. Angeles Wealth Management LLC purchased a new position in RealReal in the second quarter worth about $1,290,000. Hsbc Holdings PLC raised its holdings in RealReal by 37.4% in the second quarter. Hsbc Holdings PLC now owns 51,907 shares of the company’s stock worth $619,000 after buying an additional 14,128 shares during the last quarter. Cannell Capital LLC bought a new position in shares of RealReal in the second quarter worth approximately $271,630,000. Finally, Bank of America Corp DE purchased a new stake in shares of RealReal during the second quarter valued at approximately $12,655,000. 64.73% of the stock is currently owned by institutional investors.

About RealReal

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.