The RealReal, Inc. (NASDAQ:REAL) CEO Sells $3,810,153.58 in Stock

The RealReal, Inc. (NASDAQ:REAL) CEO John E. Koryl sold 396,478 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The sale was disclosed in a legal filing with the SEC, which is available at this link.

RealReal Trading Down 4.9 %

RealReal stock traded down $0.45 during midday trading on Wednesday, hitting $8.73. The stock had a trading volume of 3,291,728 shares, compared to its average volume of 4,425,752. The business has a fifty day moving average price of $6.78 and a 200 day moving average price of $4.36. The RealReal, Inc. has a 12 month low of $1.52 and a 12 month high of $11.38. The stock has a market cap of $957.60 million, a P/E ratio of -9.92 and a beta of 2.87.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on REAL shares. Northland Securities lifted their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. UBS Group lifted their target price on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Northland Capmk raised RealReal to a “strong-buy” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, RealReal currently has an average rating of “Moderate Buy” and a consensus price target of $7.38.

Hedge Funds Weigh In On RealReal

Large investors have recently added to or reduced their stakes in the company. Evoke Wealth LLC bought a new position in shares of RealReal in the 2nd quarter worth about $36,000. Principal Financial Group Inc. bought a new position in RealReal in the second quarter worth about $39,000. Park Edge Advisors LLC bought a new position in RealReal in the third quarter worth about $41,000. XTX Topco Ltd acquired a new position in RealReal in the third quarter valued at approximately $63,000. Finally, Intech Investment Management LLC bought a new position in shares of RealReal during the third quarter valued at approximately $88,000. 64.73% of the stock is currently owned by institutional investors.

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.