1 week Ago By ABMN Staff
The RealReal, Inc. ( NASDAQ:REAL – Get Free Report ) shares traded down 6.1% during trading on Friday .
The stock traded as low as $4.79 and last traded at $4.83.
418,408 shares changed hands during trading, a decline of 84% from the average session volume of 2,663,510 shares. The stock had previously closed at $5.14.
Wall Street Analysts Forecast Growth REAL has been the subject of a number of research reports. UBS Group dropped their target price on shares of RealReal from $10.00 to $9.
00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Northland Securities lifted their target price on RealReal from $6.50 to $12.
50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.
33. Get Our Latest Research Report on REAL RealReal Price Performance RealReal ( NASDAQ:REAL – Get Free Report ) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.
62) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52).
The firm had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million.
Sell-side analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.
Insiders Place Their Bets In related news, CFO Gopal Ajay Madan sold 102,386 shares of RealReal stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $706,463.
40. Following the sale, the chief financial officer now directly owns 1,327,198 shares in the company, valued at $9,157,666.20.
This trade represents a 7.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, CAO Steve Ming Lo sold 23,477 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $161,991.
30. Following the completion of the sale, the chief accounting officer now directly owns 330,117 shares of the company’s stock, valued at $2,277,807.30.
The trade was a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold 258,283 shares of company stock valued at $1,782,153 in the last ninety days. Insiders own 9.78% of the company’s stock.
Hedge Funds Weigh In On RealReal Several institutional investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings in shares of RealReal by 120.1% in the fourth quarter.
Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after acquiring an additional 1,569 shares in the last quarter. R Squared Ltd purchased a new position in RealReal during the 4th quarter valued at about $49,000. XTX Topco Ltd acquired a new position in shares of RealReal during the 3rd quarter worth approximately $63,000.
GAMMA Investing LLC lifted its position in shares of RealReal by 6,203.2% in the first quarter. GAMMA Investing LLC now owns 13,804 shares of the company’s stock valued at $74,000 after acquiring an additional 13,585 shares in the last quarter.
Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of RealReal during the fourth quarter valued at $94,000. Institutional investors and hedge funds own 64.
73% of the company’s stock. About RealReal ( Get Free Report ) 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. See Also Receive News & Ratings for RealReal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealReal and related companies with MarketBeat.
com's FREE daily email newsletter ..
