Steve Ming Lo Sells 59,789 Shares of RealReal (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo sold 59,789 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $14.46, for a total value of $864,548.94. Following the sale, the chief accounting officer owned 249,553 shares of the company’s stock, valued at $3,608,536.38. This trade represents a 19.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Steve Ming Lo also recently made the following trade(s):

• On Friday, November 21st, Steve Ming Lo sold 22,426 shares of RealReal stock. The stock was sold at an average price of $13.06, for a total value of $292,883.56.
• On Thursday, November 13th, Steve Ming Lo sold 13,542 shares of RealReal stock. The stock was sold at an average price of $14.27, for a total value of $193,244.34.

RealReal Stock Down 0.1%

Shares of NASDAQ REAL opened at $14.47 on Friday. The RealReal, Inc. has a 12 month low of $4.61 and a 12 month high of $16.24. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -10.49 and a beta of 2.54. The business has a fifty day simple moving average of $11.90 and a 200-day simple moving average of $8.31.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The company had revenue of $173.57 million during the quarter, compared to analysts’ expectations of $169.01 million. RealReal has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts expect that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

REAL has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of RealReal from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. BTIG Research lifted their price objective on shares of RealReal from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. UBS Group increased their target price on RealReal from $10.50 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Roth Capital set a $17.50 target price on RealReal and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.63.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank lifted its position in RealReal by 0.3% in the 3rd quarter. Comerica Bank now owns 351,156 shares of the company’s stock worth $3,733,000 after buying an additional 1,156 shares in the last quarter. Rhumbline Advisers increased its stake in shares of RealReal by 1.3% in the first quarter. Rhumbline Advisers now owns 145,543 shares of the company’s stock worth $784,000 after acquiring an additional 1,800 shares during the last quarter. Game Plan Financial Advisors LLC increased its stake in shares of RealReal by 52.8% in the first quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company’s stock worth $30,000 after acquiring an additional 1,900 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of RealReal by 9.6% during the third quarter. Arizona State Retirement System now owns 28,446 shares of the company’s stock worth $302,000 after acquiring an additional 2,496 shares in the last quarter. Finally, Quarry LP acquired a new stake in RealReal during the third quarter valued at $28,000. Institutional investors and hedge funds 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.