Steve Ming Lo Sells 96,666 Shares of The RealReal, Inc. (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the transaction, the chief accounting officer now directly owns 391,525 shares in the company, valued at $2,388,302.50. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

RealReal Stock Down 0.5 %

Shares of REAL opened at $6.12 on Friday. The business’s 50 day moving average is $3.86 and its two-hundred day moving average is $3.44. The RealReal, Inc. has a 52-week low of $1.52 and a 52-week high of $6.38. The firm has a market cap of $671.30 million, a price-to-earnings ratio of -6.95 and a beta of 3.09.

Hedge Funds Weigh In On RealReal

Institutional investors have recently made changes to their positions in the business. Barclays PLC increased its holdings in shares of RealReal by 306.7% in the 3rd quarter. Barclays PLC now owns 136,262 shares of the company’s stock valued at $428,000 after acquiring an additional 102,759 shares during the last quarter. Geode Capital Management LLC grew its holdings in RealReal by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock worth $7,204,000 after acquiring an additional 44,716 shares during the period. XTX Topco Ltd acquired a new position in shares of RealReal in the 3rd quarter valued at $63,000. Wexford Capital LP acquired a new position in shares of RealReal in the 3rd quarter valued at $942,000. Finally, State Street Corp boosted its position in shares of RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after purchasing an additional 310,116 shares during the period. 64.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

REAL has been the topic of several analyst reports. Northland Securities initiated coverage on shares of RealReal in a report on Monday, September 16th. They issued an “outperform” rating and a $6.00 target price on the stock. Northland Capmk raised RealReal to a “strong-buy” rating in a report on Monday, September 16th. Finally, UBS Group lifted their price target on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, RealReal has an average rating of “Moderate Buy” and a consensus target price of $4.46.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.