Steve Ming Lo Sells 12,077 Shares of RealReal (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo sold 12,077 shares of RealReal 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 $111,712.25. Following the transaction, the chief accounting officer directly owned 189,469 shares of the company’s stock, valued at approximately $1,752,588.25. This trade represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Steve Ming Lo also recently made the following trade(s):

• On Monday, February 23rd, Steve Ming Lo sold 16,962 shares of RealReal stock. The shares were sold at an average price of $10.72, for a total transaction of $181,832.64.

RealReal Stock Down 0.8%

Shares of NASDAQ:REAL traded down $0.07 during trading on Friday, hitting $9.20. 2,117,230 shares of the stock traded hands, compared to its average volume of 3,423,807. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -9.02 and a beta of 2.84. The company has a fifty day moving average price of $10.19 and a two-hundred day moving average price of $12.65. The RealReal, Inc. has a 52-week low of $4.70 and a 52-week high of $17.39.

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

Institutional Investors Weigh In On RealReal

A number of large investors have recently modified their holdings of REAL. KBC Group NV purchased a new stake in shares of RealReal during the first quarter worth $26,000. Quarry LP purchased a new stake in shares of RealReal during the third quarter worth $28,000. Larson Financial Group LLC acquired a new position in shares of RealReal during the 3rd quarter valued at about $31,000. Gables Capital Management Inc. acquired a new position in shares of RealReal during the 1st quarter valued at about $35,000. Finally, EverSource Wealth Advisors LLC boosted its position 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 valued at $57,000 after acquiring an additional 1,253 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on REAL. BTIG Research cut their price target on shares of RealReal from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Roth Mkm set a $17.00 price target on shares of RealReal in a report on Friday, May 8th. UBS Group cut 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. Finally, Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. One 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.