RealReal (NASDAQ:REAL) Insider Sells $492,551.84 in Stock

The RealReal, Inc. (NASDAQ:REAL) insider Todd Suko sold 45,947 shares of RealReal stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total value of $492,551.84. Following the transaction, the insider owned 560,563 shares in the company, valued at approximately $6,009,235.36. This represents a 7.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

RealReal Price Performance

Shares of REAL traded up $0.64 during mid-day trading on Tuesday, reaching $11.61. The stock had a trading volume of 4,280,808 shares, compared to its average volume of 2,869,868. The RealReal, Inc. has a 52-week low of $4.61 and a 52-week high of $17.39. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -8.41 and a beta of 2.65. The business’s fifty day moving average is $14.74 and its 200 day moving average is $12.30.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on REAL. BTIG Research upped their price objective on RealReal from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, December 30th. Wall Street Zen downgraded RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. UBS Group increased their price target on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Northland Securities set a $20.00 price objective on shares of RealReal in a report on Wednesday, January 14th. Finally, KeyCorp increased their target price on shares of RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.94.

Institutional Investors Weigh In On RealReal

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of RealReal by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company’s stock worth $99,991,000 after acquiring an additional 406,789 shares in the last quarter. Marshall Wace LLP boosted its holdings in RealReal by 3.4% in the second quarter. Marshall Wace LLP now owns 4,321,577 shares of the company’s stock valued at $20,700,000 after purchasing an additional 143,165 shares during the period. State Street Corp grew its stake in RealReal by 4.2% during the 4th quarter. State Street Corp now owns 2,746,238 shares of the company’s stock worth $43,336,000 after purchasing an additional 111,677 shares in the last quarter. Two Sigma Investments LP increased its holdings in RealReal by 6.6% during the 3rd quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company’s stock worth $27,944,000 after purchasing an additional 162,804 shares during the period. Finally, Divisadero Street Capital Management LP raised its position in RealReal by 652.5% in the 3rd quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock valued at $27,636,000 after purchasing an additional 2,254,300 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.