RealReal (NASDAQ:REAL) Insider Luke Thomas Friang Sells 21,183 Shares

The RealReal, Inc. (NASDAQ:REAL) insider Luke Thomas Friang sold 21,183 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $195,942.75. Following the sale, the insider directly owned 530,676 shares in the company, valued at $4,908,753. The trade was a 3.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Luke Thomas Friang also recently made the following trade(s):

• On Monday, February 23rd, Luke Thomas Friang sold 19,609 shares of RealReal stock. The shares were sold at an average price of $10.72, for a total value of $210,208.48.

RealReal Stock Down 0.8%

Shares of REAL traded down $0.07 on Friday, hitting $9.20. The company’s stock had a trading volume of 2,117,230 shares, compared to its average volume of 3,423,807. The firm’s fifty day moving average price is $10.19 and its 200-day moving average price is $12.65. The RealReal, Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $17.39. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -9.02 and a beta of 2.84.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. RealReal’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.08) EPS. As a group, equities analysts predict that The RealReal, Inc. will post -0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

REAL has been the topic of several research reports. Roth Mkm set a $17.00 target price on RealReal in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. UBS Group cut their price objective on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Robert W. Baird set a $13.00 target price on shares of RealReal in a report on Friday, May 8th. Finally, KeyCorp raised their target price on shares of RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, RealReal has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of REAL. AQR Capital Management LLC increased its position in shares of RealReal by 589.2% during the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock worth $4,786,000 after purchasing an additional 759,160 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of RealReal by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock valued at $326,000 after buying an additional 3,500 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of RealReal by 1.9% in the 1st quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock valued at $4,763,000 after buying an additional 16,136 shares during the last quarter. Legal & General Group Plc grew its stake in shares of RealReal by 14.1% in the second quarter. Legal & General Group Plc now owns 81,292 shares of the company’s stock valued at $389,000 after buying an additional 10,052 shares in the last quarter. Finally, Amundi bought a new position in shares of RealReal in the second quarter valued at $197,000. 64.73% of the stock is owned by institutional investors and hedge funds.

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.