RealReal Inc (NASDAQ:REAL) CEO Julie Wainwright sold 120,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $12.75, for a total value of $1,530,000.00. Following the transaction, the chief executive officer now owns 4,648,024 shares in the company, valued at approximately $59,262,306. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
NASDAQ REAL opened at $13.95 on Friday. RealReal Inc has a twelve month low of $5.00 and a twelve month high of $30.05. The company has a market cap of $1.23 billion and a price-to-earnings ratio of -3.65. The business’s fifty day moving average is $13.04 and its 200 day moving average is $13.58.
RealReal (NASDAQ:REAL) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.39) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.46) by $0.07. RealReal had a negative return on equity of 60.41% and a negative net margin of 34.19%. The company had revenue of $78.20 million for the quarter, compared to the consensus estimate of $78.36 million. During the same quarter last year, the business posted ($2.80) EPS. RealReal’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities research analysts anticipate that RealReal Inc will post -1.43 EPS for the current year.
A number of equities analysts have commented on REAL shares. Zacks Investment Research lowered RealReal from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Raymond James lowered their price objective on RealReal from $21.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Nomura Securities restated a “buy” rating and set a $13.00 price objective (down previously from $15.00) on shares of RealReal in a research note on Wednesday, April 15th. BTIG Research initiated coverage on RealReal in a research note on Monday, June 8th. They set a “buy” rating and a $18.00 price objective on the stock. Finally, Credit Suisse Group raised their target price on RealReal from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of RealReal by 64.3% during the 4th quarter. FMR LLC now owns 12,662,197 shares of the company’s stock valued at $238,683,000 after acquiring an additional 4,955,828 shares in the last quarter. Great Hill Partners L.P. acquired a new position in RealReal during the 4th quarter worth about $187,873,000. BlackRock Inc. lifted its holdings in RealReal by 108.1% during the 1st quarter. BlackRock Inc. now owns 3,325,816 shares of the company’s stock worth $23,313,000 after buying an additional 1,727,391 shares during the period. JPMorgan Chase & Co. lifted its holdings in RealReal by 132.0% during the 1st quarter. JPMorgan Chase & Co. now owns 2,124,811 shares of the company’s stock worth $14,895,000 after buying an additional 1,208,825 shares during the period. Finally, Broad Peak Investment Holdings Ltd. acquired a new position in RealReal during the 1st quarter worth about $11,874,000. 71.06% of the stock is currently owned by institutional investors.
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