The RealReal, Inc. (NASDAQ:REAL) Director Sells $109,134.79 in Stock

The RealReal, Inc. (NASDAQ:REAL) Director Robert J. Krolik sold 29,737 shares of RealReal stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $3.67, for a total transaction of $109,134.79. Following the sale, the director now owns 139,407 shares of the company’s stock, valued at $511,623.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

RealReal Stock Performance

Shares of NASDAQ:REAL traded down $0.21 on Friday, hitting $3.22. The company’s stock had a trading volume of 2,576,904 shares, compared to its average volume of 3,017,724. The company has a market capitalization of $341.22 million, a price-to-earnings ratio of -2.80 and a beta of 2.95. The RealReal, Inc. has a 12 month low of $1.26 and a 12 month high of $4.64. The stock’s 50-day moving average is $3.81 and its two-hundred day moving average is $2.90.

RealReal (NASDAQ:REAL) last announced its earnings results on Tuesday, May 7th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.04. The firm had revenue of $143.80 million for the quarter, compared to the consensus estimate of $138.90 million. Equities analysts expect that The RealReal, Inc. will post -0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on REAL. Wedbush upped their price objective on shares of RealReal from $3.00 to $4.50 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. UBS Group increased their price target on shares of RealReal from $2.30 to $3.70 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Wells Fargo & Company boosted their price objective on shares of RealReal from $2.00 to $4.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 target price on shares of RealReal in a research report on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, RealReal currently has an average rating of “Hold” and an average target price of $3.76.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in REAL. Barclays PLC acquired a new position in shares of RealReal in the third quarter worth about $262,000. Atria Wealth Solutions Inc. acquired a new position in RealReal in the 3rd quarter worth approximately $37,000. Fuller & Thaler Asset Management Inc. acquired a new position in RealReal in the 3rd quarter worth approximately $1,930,000. EAM Investors LLC purchased a new position in RealReal during the 3rd quarter worth approximately $1,043,000. Finally, Algert Global LLC acquired a new stake in RealReal during the 3rd quarter valued at $125,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

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.