RealReal (NASDAQ:REAL) Insider Todd Suko Sells 17,567 Shares

Key Points

• RealReal insider Todd Suko sold 17,567 shares at an average price of $10.97, generating approximately $192,710. His remaining stake totaled 587,897 shares, a 2.9% reduction.
• RealReal shares rose 1.3% to $11.27 during Monday trading. The stock has traded between $7.21 and $17.39 over the past year.
• The company recently beat quarterly earnings and revenue estimates, reporting a loss of $0.01 per share and revenue of $192.57 million, up 16.6% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $17.75.

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) insider Todd Suko sold 17,567 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.97, for a total value of $192,709.99. Following the completion of the sale, the insider directly owned 587,897 shares in the company, valued at approximately $6,449,230.09. The trade was a 2.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

RealReal Trading Up 1.3%

Shares of NASDAQ REAL traded up $0.15 during midday trading on Monday, hitting $11.27. 2,717,311 shares of the company's stock were exchanged, compared to its average volume of 3,376,204. The RealReal, Inc. has a 12-month low of $7.21 and a 12-month high of $17.39. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -10.06 and a beta of 2.69. The business's fifty day moving average price is $11.66 and its two-hundred day moving average price is $10.93.

RealReal (NASDAQ:REAL - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share 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 firm's quarterly revenue was up 16.6% compared to the same quarter last year. Equities analysts expect that The RealReal, Inc. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Robert W. Baird set a $13.00 target price on RealReal in a research note on Friday, May 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of RealReal in a research note on Friday, July 17th. Roth Capital reiterated a "buy" rating and issued a $19.00 price objective on shares of RealReal in a report on Friday, August 7th. BTIG Research reiterated 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 raised their price objective on RealReal from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Six 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.75.

Hedge Funds Weigh In On RealReal

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

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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