Insider Selling: RealReal (NASDAQ:REAL) CAO Sells $864,548.94 in Stock

The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo sold 59,789 shares of RealReal stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $14.46, for a total transaction of $864,548.94. Following the sale, the chief accounting officer directly owned 249,553 shares in the company, valued at approximately $3,608,536.38. This trade represents a 19.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 21st, Steve Ming Lo sold 22,426 shares of RealReal stock. The stock was sold at an average price of $13.06, for a total transaction of $292,883.56.
• On Thursday, November 13th, Steve Ming Lo sold 13,542 shares of RealReal stock. The stock was sold at an average price of $14.27, for a total transaction of $193,244.34.

RealReal Trading Down 0.1%

REAL opened at $14.47 on Monday. The RealReal, Inc. has a twelve month low of $4.61 and a twelve month high of $16.24. The firm has a market capitalization of $1.69 billion, a PE ratio of -10.49 and a beta of 2.68. The firm’s 50-day moving average price is $11.90 and its 200 day moving average price is $8.33.

RealReal (NASDAQ:REAL) last released its earnings results on Monday, November 10th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The business had revenue of $173.57 million for the quarter, compared to analyst estimates of $169.01 million. RealReal has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RealReal

A number of hedge funds have recently modified their holdings of REAL. Penn Capital Management Company LLC acquired a new stake in RealReal during the third quarter worth approximately $12,585,000. CIBC Bancorp USA Inc. purchased a new position in shares of RealReal in the 3rd quarter valued at $108,000. CANADA LIFE ASSURANCE Co grew its position in shares of RealReal by 110.4% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 29,046 shares of the company’s stock valued at $312,000 after buying an additional 15,244 shares during the last quarter. Voleon Capital Management LP acquired a new stake in RealReal during the 3rd quarter worth $850,000. Finally, Quarry LP purchased a new stake in RealReal in the third quarter valued at $28,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Roth Capital set a $17.50 price objective on RealReal and gave the stock a “buy” rating in a research note on Wednesday, October 29th. B. Riley reissued a “buy” rating and set a $14.00 price target (up previously from $12.00) on shares of RealReal in a research report on Tuesday, November 11th. Wall Street Zen upgraded shares of RealReal from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Robert W. Baird lifted their target price on shares of RealReal from $8.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Finally, BTIG Research boosted their target price on shares of RealReal from $11.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.63.

About RealReal

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.