Steve Ming Lo Sells 12,077 Shares of RealReal (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo sold 12,077 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $111,712.25. Following the completion of the transaction, the chief accounting officer directly owned 189,469 shares of the company’s stock, valued at approximately $1,752,588.25. This trade represents a 5.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 value of $181,832.64.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $9.20 on Friday. The RealReal, Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $17.39. The business has a 50-day simple moving average of $10.17 and a two-hundred day simple moving average of $12.62. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -9.02 and a beta of 2.84.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. 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 target price on RealReal in a research report on Friday, May 8th. UBS Group decreased their target price on RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Roth Mkm set a $17.00 target price on RealReal in a research report on Friday, May 8th. Finally, Wall Street Zen lowered RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Institutional Investors Weigh In On RealReal

Large investors have recently made changes to their positions in the company. Quarry LP bought a new stake in shares of RealReal during the 3rd quarter valued at about $28,000. KBC Group NV bought a new stake in shares of RealReal during the 1st quarter valued at about $26,000. Larson Financial Group LLC bought a new stake in shares of RealReal during the 3rd quarter valued at about $31,000. Gables Capital Management Inc. bought a new stake in shares of RealReal during the 1st quarter valued at about $35,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of RealReal during the 4th quarter valued at about $71,000. 64.73% of the stock is currently owned by institutional investors.

RealReal Company Profile

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.