John E. Koryl Sells 396,478 Shares of The RealReal, Inc. (NASDAQ:REAL) 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 transaction of $3,810,153.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

RealReal Price Performance

NASDAQ:REAL traded down $0.45 on Wednesday, hitting $8.73. 3,291,728 shares of the company’s stock were exchanged, compared to its average volume of 4,425,752. The firm has a 50-day moving average price of $6.78 and a 200-day moving average price of $4.36. The RealReal, Inc. has a 52 week low of $1.52 and a 52 week high of $11.38. The company has a market cap of $957.60 million, a P/E ratio of -9.92 and a beta of 2.87.

Analyst Ratings Changes

REAL has been the subject of a number of recent analyst reports. UBS Group upped their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Northland Securities boosted their price target on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Northland Capmk raised RealReal to a “strong-buy” rating in a research note 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 company 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.38.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Evoke Wealth LLC bought a new position in RealReal during the second quarter worth about $36,000. Principal Financial Group Inc. bought a new position in RealReal during the second quarter worth $39,000. Park Edge Advisors LLC acquired a new position in shares of RealReal in the third quarter valued at $41,000. XTX Topco Ltd bought a new position in shares of RealReal in the third quarter valued at about $63,000. Finally, Intech Investment Management LLC bought a new position in shares of RealReal in the third quarter valued at about $88,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.