The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo Sells 23,477 Shares

The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo sold 23,477 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $161,991.30. Following the completion of the transaction, the chief accounting officer now directly owns 330,117 shares in the company, valued at $2,277,807.30. The trade was a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 2nd, Steve Ming Lo sold 96,666 shares of RealReal stock. The stock was sold at an average price of $6.10, for a total value of $589,662.60.

RealReal Trading Up 1.5 %

Shares of REAL opened at $6.84 on Thursday. The business’s 50 day moving average is $8.94 and its 200 day moving average is $5.67. The company has a market capitalization of $750.29 million, a PE ratio of -5.30 and a beta of 2.83. The RealReal, Inc. has a 12-month low of $1.56 and a 12-month high of $11.38.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. Equities research analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on REAL shares. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Securities raised their price objective on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Finally, UBS Group decreased their price objective on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.33.

Institutional Trading of RealReal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP raised its stake in RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after purchasing an additional 1,569 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in RealReal by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company’s stock valued at $622,000 after purchasing an additional 3,236 shares during the period. R Squared Ltd purchased a new position in RealReal during the 4th quarter valued at approximately $49,000. Price T Rowe Associates Inc. MD grew its holdings in RealReal by 8.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 101,035 shares of the company’s stock valued at $1,105,000 after buying an additional 7,645 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in RealReal during the 4th quarter valued at approximately $94,000. Institutional investors own 64.73% of the company’s stock.

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.