RealReal (NASDAQ:REAL) Insider Todd Suko Sells 17,353 Shares

The RealReal, Inc. (NASDAQ:REAL) insider Todd Suko sold 17,353 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $160,515.25. Following the completion of the sale, the insider directly owned 605,394 shares in the company, valued at $5,599,894.50. This trade represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

RealReal Price Performance

Shares of REAL stock traded down $0.07 during trading hours on Friday, hitting $9.20. The company had a trading volume of 2,117,230 shares, compared to its average volume of 3,423,807. The stock has a market capitalization of $1.11 billion, a PE ratio of -9.02 and a beta of 2.84. The RealReal, Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $17.39. The company’s fifty day moving average is $10.19 and its 200 day moving average is $12.65.

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

Hedge Funds Weigh In On RealReal

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of RealReal by 25.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock worth $57,000 after buying an additional 1,253 shares during the last quarter. California State Teachers Retirement System lifted its position in RealReal by 48.6% in the 1st quarter. California State Teachers Retirement System now owns 136,422 shares of the company’s stock valued at $1,239,000 after purchasing an additional 44,606 shares during the last quarter. Royal Bank of Canada boosted its stake in RealReal by 30.1% during the 1st quarter. Royal Bank of Canada now owns 57,716 shares of the company’s stock valued at $524,000 after purchasing an additional 13,349 shares during the period. The Manufacturers Life Insurance Company grew its position in RealReal by 57.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 47,608 shares of the company’s stock worth $432,000 after purchasing an additional 17,339 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in RealReal by 38.1% in the 1st quarter. Quantinno Capital Management LP now owns 29,366 shares of the company’s stock worth $267,000 after purchasing an additional 8,106 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on REAL shares. Robert W. Baird set a $13.00 price objective on shares of RealReal in a report on Friday, May 8th. BTIG Research cut their price objective on RealReal from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. KeyCorp raised their target price on shares of RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Roth Mkm set a $17.00 price target on shares of RealReal in a research note on Friday, May 8th. Finally, UBS Group lowered their price target on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, May 8th. One equities research 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 data from MarketBeat, RealReal has an average rating of “Moderate Buy” and a consensus 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.