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

The RealReal, Inc. (NASDAQ:REAL) insider Todd Suko sold 17,353 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $160,515.25. Following the completion of the sale, the insider owned 605,394 shares of the company’s stock, valued at approximately $5,599,894.50. This represents a 2.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

RealReal Price Performance

RealReal stock opened at $9.20 on Friday. The company’s 50-day moving average is $10.17 and its 200-day moving average is $12.62. The firm has a market capitalization of $1.11 billion, a PE ratio of -9.02 and a beta of 2.84. The RealReal, Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $17.39.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on REAL shares. Wall Street Zen downgraded RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. UBS Group reduced their target price on RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. BTIG Research reduced their target price on RealReal from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Robert W. Baird set a $13.00 target price on RealReal in a research note on Friday, May 8th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Institutional Trading of RealReal

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in RealReal by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company’s stock worth $99,991,000 after purchasing an additional 406,789 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in RealReal by 58.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock worth $36,765,000 after purchasing an additional 1,489,939 shares during the last quarter. State Street Corp lifted its holdings in RealReal by 4.2% during the 4th quarter. State Street Corp now owns 2,746,238 shares of the company’s stock worth $43,336,000 after purchasing an additional 111,677 shares during the last quarter. Two Sigma Investments LP lifted its holdings in RealReal by 6.6% during the 3rd quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company’s stock worth $27,944,000 after purchasing an additional 162,804 shares during the last quarter. Finally, Divisadero Street Capital Management LP lifted its holdings in RealReal by 652.5% during the 3rd quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock worth $27,636,000 after purchasing an additional 2,254,300 shares during the last quarter. 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.