The RealReal, Inc. (NASDAQ:REAL – Get Free Report) CFO Gopal Ajay Madan sold 28,520 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $14.73, for a total value of $420,099.60. Following the completion of the sale, the chief financial officer owned 1,156,092 shares of the company’s stock, valued at approximately $17,029,235.16. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Gopal Ajay Madan also recently made the following trade(s):
- On Friday, November 21st, Gopal Ajay Madan sold 30,196 shares of RealReal stock. The stock was sold at an average price of $13.06, for a total value of $394,359.76.
RealReal Stock Performance
Shares of RealReal stock opened at $14.47 on Friday. The stock has a market capitalization of $1.69 billion, a PE ratio of -10.49 and a beta of 2.54. The RealReal, Inc. has a 52 week low of $4.61 and a 52 week high of $16.24. The stock has a 50 day moving average price of $11.90 and a two-hundred day moving average price of $8.31.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on REAL shares. Roth Capital set a $17.50 target price on shares of RealReal and gave the stock a “buy” rating in a research report on Wednesday, October 29th. B. Riley reiterated a “buy” rating and set a $14.00 price target (up previously from $12.00) on shares of RealReal in a research note on Tuesday, November 11th. Robert W. Baird boosted their price objective on RealReal from $8.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Wall Street Zen raised RealReal from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, UBS Group upped their price target on RealReal from $10.50 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, RealReal has an average rating of “Moderate Buy” and a consensus price target of $14.63.
Check Out Our Latest Stock Analysis on REAL
Hedge Funds Weigh In On RealReal
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Divisadero Street Capital Management LP grew its stake in RealReal by 652.5% in the 3rd quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock valued at $27,636,000 after purchasing an additional 2,254,300 shares during the period. American Century Companies Inc. raised its stake in shares of RealReal by 3,474.7% during the 3rd quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock worth $19,537,000 after purchasing an additional 1,786,493 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of RealReal by 501.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock worth $20,846,000 after buying an additional 1,634,782 shares during the last quarter. Penn Capital Management Company LLC bought a new position in RealReal during the third quarter valued at about $12,585,000. Finally, BIT Capital GmbH purchased a new stake in RealReal during the third quarter worth about $10,912,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.
RealReal Company Profile
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.
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