109,420 Shares in The RealReal, Inc. $REAL Acquired by Angeles Wealth Management LLC

Key Points

• Angeles Wealth Management acquired 109,420 RealReal shares worth approximately $1.29 million, while institutional investors collectively own 64.73% of the company.
• RealReal insiders sold 173,004 shares worth roughly $1.9 million in the last quarter; two disclosed sales reduced the respective holdings of executives Steve Lo and Luke Friang.
• The company beat quarterly earnings and revenue estimates, reporting revenue growth of 16.6% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $17.75, compared with a recent share price of $9.86.

Angeles Wealth Management LLC acquired a new stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 109,420 shares of the company's stock, valued at approximately $1,290,000. Angeles Wealth Management LLC owned approximately 0.09% of RealReal as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in REAL. Quarry LP purchased a new position in RealReal in the third quarter worth about $28,000. KBC Group NV purchased a new position in RealReal in the 1st quarter worth approximately $26,000. Larson Financial Group LLC purchased a new position in RealReal in the 3rd quarter worth approximately $31,000. Gables Capital Management Inc. bought a new position in RealReal in the 1st quarter valued at approximately $35,000. Finally, Persistent Asset Partners Ltd bought a new position in RealReal in the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

Insider Activity at RealReal

In other news, CAO Steve Lo sold 12,559 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.97, for a total value of $137,772.23. Following the completion of the sale, the chief accounting officer directly owned 176,910 shares of the company's stock, valued at $1,940,702.70. This represents a 6.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Luke Friang sold 22,028 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.98, for a total transaction of $241,867.44. Following the completion of the sale, the insider directly owned 508,648 shares of the company's stock, valued at approximately $5,584,955.04. This trade represents a 4.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 173,004 shares of company stock worth $1,899,283 in the last quarter. 2.66% of the stock is currently owned by insiders.

RealReal Stock Down 2.0%

Shares of NASDAQ:REAL opened at $9.86 on Friday. The stock has a market capitalization of $1.20 billion, a PE ratio of -8.80 and a beta of 2.71. The firm's 50 day moving average price is $11.35 and its 200-day moving average price is $10.80. The RealReal, Inc. has a twelve month low of $8.02 and a twelve month high of $17.39.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. The business had revenue of $192.57 million for the quarter, compared to the consensus estimate of $188.11 million. RealReal's revenue for the quarter was up 16.6% on a year-over-year basis. Analysts expect that The RealReal, Inc. will post -0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on REAL. Roth Capital reissued a "buy" rating and issued a $19.00 target price on shares of RealReal in a report on Friday, August 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of RealReal in a report on Friday, July 17th. BTIG Research reaffirmed a "buy" rating and set a $17.00 price objective on shares of RealReal in a research report on Wednesday, June 3rd. Finally, UBS Group increased their price objective on RealReal from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, RealReal currently has an average rating of "Moderate Buy" and an average target price of $17.75.

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.

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