RealReal (NASDAQ:REAL) CEO Levesque Rati Sahi Sells 81,194 Shares

The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi sold 81,194 shares of the company’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 transaction of $751,044.50. Following the completion of the transaction, the chief executive officer owned 1,581,276 shares of the company’s stock, valued at $14,626,803. This trade represents a 4.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Levesque Rati Sahi also recently made the following trade(s):

• On Monday, February 23rd, Levesque Rati Sahi sold 121,399 shares of RealReal stock. The shares were sold at an average price of $10.72, for a total transaction of $1,301,397.28.

RealReal Stock Performance

NASDAQ REAL traded down $0.07 on Friday, reaching $9.20. The company had a trading volume of 2,117,230 shares, compared to its average volume of 3,423,807. The company’s fifty day moving average is $10.19 and its 200-day moving average is $12.65. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -9.02 and a beta of 2.84. The RealReal, Inc. has a 1-year low of $4.70 and a 1-year high of $17.39.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On RealReal

Hedge funds and other institutional investors have recently made changes to their positions in the company. Comerica Bank increased its holdings in RealReal by 0.3% during the third quarter. Comerica Bank now owns 351,156 shares of the company’s stock worth $3,733,000 after buying an additional 1,156 shares during the last quarter. Larson Financial Group LLC grew its position in shares of RealReal by 40.7% in the 4th quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock valued at $65,000 after acquiring an additional 1,185 shares during the period. Evoke Wealth LLC grew its position in shares of RealReal by 2.9% in the 4th quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock valued at $692,000 after acquiring an additional 1,240 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of RealReal by 25.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock worth $57,000 after purchasing an additional 1,253 shares during the last quarter. Finally, DRW Securities LLC raised its holdings in shares of RealReal by 10.3% in the 4th quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock valued at $280,000 after purchasing an additional 1,650 shares during the period. 64.73% of the stock is 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.