Todd Suko Sells 17,353 Shares of RealReal (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) insider Todd Suko sold 17,353 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $160,515.25. Following the completion of the sale, the insider directly owned 605,394 shares in the company, valued at approximately $5,599,894.50. The trade was a 2.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

RealReal Stock Down 0.8%

Shares of NASDAQ REAL opened at $9.20 on Friday. The firm has a market cap of $1.11 billion, a price-to-earnings 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 business’s 50 day moving average is $10.17 and its two-hundred day moving average is $12.62.

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 business had revenue of $189.72 million for the quarter, compared to analyst estimates of $187.82 million. During the same quarter last year, the company earned ($0.08) earnings per share. RealReal’s quarterly revenue was up 18.5% compared to the same quarter last year. Analysts anticipate that The RealReal, Inc. will post -0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On RealReal

A number of hedge funds and other institutional investors have recently modified their holdings of REAL. KBC Group NV acquired a new stake in shares of RealReal in the 1st quarter valued at $26,000. Quarry LP acquired a new stake in shares of RealReal in the 3rd quarter valued at $28,000. Larson Financial Group LLC acquired a new stake in shares of RealReal in the 3rd quarter valued at $31,000. Gables Capital Management Inc. acquired a new stake in shares of RealReal in the 1st quarter valued at $35,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of RealReal by 25.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after purchasing an additional 1,253 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

REAL has been the subject of several recent research reports. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. UBS Group decreased their price target on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating for the company 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. Robert W. Baird set a $13.00 price target on shares of RealReal in a research report on Friday, May 8th. Finally, BTIG Research decreased their price target on shares of RealReal from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, RealReal presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

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.