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 RealReal stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.97, for a total transaction of $137,772.23. Following the transaction, the chief accounting officer owned 176,910 shares of the company’s stock, valued at approximately $1,940,702.70. The trade was a 6.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

RealReal Price Performance

Shares of NASDAQ REAL opened at $11.27 on Tuesday. The firm’s 50-day moving average is $11.66 and its two-hundred day moving average is $10.91. 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 12-month low of $7.21 and a 12-month high of $17.39.

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

Institutional Investors Weigh In On RealReal

Several institutional investors have recently bought and sold shares of the business. Comerica Bank increased its position in shares of RealReal by 0.3% in the third quarter. Comerica Bank now owns 351,156 shares of the company’s stock worth $3,733,000 after acquiring an additional 1,156 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of RealReal by 40.7% during the 4th quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock valued at $65,000 after acquiring an additional 1,185 shares in the last quarter. Evoke Wealth LLC boosted its position in RealReal by 2.9% during the 4th quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock worth $692,000 after purchasing an additional 1,240 shares during the period. EverSource Wealth Advisors LLC boosted its position in 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 purchasing an additional 1,253 shares during the period. Finally, DRW Securities LLC increased its holdings in RealReal by 10.3% in the 4th 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. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

RealReal News Roundup

Here are the key news stories impacting RealReal this week:

• Positive Sentiment: The RealReal is using artificial intelligence to price and authenticate items in seconds, a development that could improve transaction speed, operational efficiency, and customer trust. The RealReal is using AI to help price and authenticate items in seconds
• Positive Sentiment: Broader interest in luxury resale and the emergence of more fashion-focused consumers may expand the addressable market for The RealReal’s authenticated secondhand luxury platform. In Luxury’s New Resale Era, Everyone’s a Fashion Expert
• Neutral Sentiment: The company’s latest reported quarter provided a supportive backdrop, with revenue rising 16.6% year over year to $192.57 million and adjusted EPS exceeding consensus expectations, although The RealReal remains unprofitable.
• Negative Sentiment: Multiple insiders sold shares on August 21 at approximately $10.97-$10.98. CEO Levesque Rati Sahi sold 84,432 shares, while CFO Gopal Ajay Madan sold 36,418 shares; additional sales came from CAO Steve Ming Lo and insider Todd A. Suko. Collectively, the transactions totaled about $1.90 million and reduced each seller’s position by roughly 2.9% to 6.6%. The sales were disclosed in SEC filings: CEO Form 4 filing Insider Form 4 filing CAO Form 4 filing CFO Form 4 filing

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.