The RealReal, Inc. (NASDAQ:REAL – Get Free Report) CAO Steve Ming Lo sold 12,077 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $111,712.25. Following the sale, the chief accounting officer owned 189,469 shares in the company, 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 can be accessed 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 stock was sold at an average price of $10.72, for a total transaction of $181,832.64.
RealReal Stock Down 0.8%
RealReal stock opened at $9.20 on Friday. The firm has a market cap of $1.11 billion, a PE ratio of -9.02 and a beta of 2.84. The RealReal, Inc. has a 52-week low of $4.70 and a 52-week high of $17.39. The company’s 50 day moving average is $10.17 and its two-hundred day moving average is $12.62.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on REAL shares. Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. BTIG Research dropped their price objective on shares of RealReal from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. Roth Mkm set a $17.00 price objective on shares of RealReal in a research report on Friday, May 8th. Finally, Robert W. Baird set a $13.00 price objective on shares of RealReal in a research 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.25.
View Our Latest Analysis on REAL
Institutional Investors Weigh In On RealReal
Large investors have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of RealReal in the 3rd quarter valued at approximately $28,000. KBC Group NV purchased a new position in shares of RealReal in the 1st quarter valued at $26,000. Larson Financial Group LLC purchased a new position in shares of RealReal in the 3rd quarter valued at $31,000. Gables Capital Management Inc. purchased a new position in shares of RealReal in the 1st quarter valued at $35,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of RealReal in the 4th quarter valued at $71,000. 64.73% of the stock is owned by hedge funds and other institutional investors.
About RealReal
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.
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