RealReal (NASDAQ:REAL) Insider Luke Thomas Friang Sells 22,028 Shares

Key Points

• Insider Luke Thomas Friang sold 22,028 RealReal shares at an average price of $10.98, generating approximately $241,867. Following the transaction, he retained 508,648 shares, a 4.15% reduction in his position.
• RealReal shares rose 1.3% to $11.27, while the company reported quarterly revenue of $192.57 million, up 16.6% year over year, and adjusted its EPS loss to $0.01—better than analyst expectations.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $17.75, though ratings range from “Buy” to “Sell.” Hedge funds and institutional investors own approximately 64.73% of the company’s stock.

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) insider Luke Thomas Friang sold 22,028 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.98, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

RealReal Trading Up 1.3%

Shares of NASDAQ:REAL traded up $0.15 on Monday, reaching $11.27. 2,717,311 shares of the company were exchanged, compared to its average volume of 3,376,204. The RealReal, Inc. has a 1-year low of $7.21 and a 1-year high of $17.39. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -10.06 and a beta of 2.69. The company has a 50-day moving average of $11.66 and a 200-day moving average of $10.93.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $192.57 million during the quarter, compared to analysts' expectations of $188.11 million. The company's revenue was up 16.6% on a year-over-year basis. As a group, analysts forecast that The RealReal, Inc. will post -0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on REAL shares. BTIG Research reiterated a "buy" rating and set a $17.00 price target on shares of RealReal in a research report on Wednesday, June 3rd. Robert W. Baird set a $13.00 price target on RealReal in a report on Friday, May 8th. UBS Group raised their price objective on RealReal from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of RealReal in a report on Friday, July 17th. Finally, Roth Capital reiterated a "buy" rating and set a $19.00 target price on shares of RealReal in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.75.

Hedge Funds Weigh In On RealReal

Several hedge funds have recently added to or reduced their stakes in REAL. Quarry LP purchased a new position in shares of RealReal during the 3rd quarter worth approximately $28,000. KBC Group NV purchased a new stake in RealReal in the 1st quarter valued at approximately $26,000. Larson Financial Group LLC acquired a new stake in RealReal during the 3rd quarter valued at $31,000. Gables Capital Management Inc. acquired a new stake in RealReal during the 1st quarter valued at $35,000. Finally, Persistent Asset Partners Ltd purchased a new position in RealReal during the second quarter worth $46,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

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.

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