The RealReal, Inc. (NASDAQ:REAL) Luke Thomas Friang sells 16,239 shares

The RealReal, Inc. Insider (NASDAQ:REAL – Get Your Free Report) Insider Luke Thomas Friang sold 16,239 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $42,383.79. Following the completion of the sale, the insider now directly owns 517,598 shares of the company’s stock, valued at $1,350,930.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.

RealReal Trading Down 3.3%

Shares of RealReal stock traded down $0.09 on Thursday, reaching $2.60. 120,452 shares of the stock exchanged hands, compared to its average volume of 2,811,221. RealReal, Inc. has a 1 year low of $1.26 and a 1 year high of $4.64. The company has a fifty day moving average price of $3.17 and a two hundred day moving average price of $3.27.

Hedge funds weigh on RealReal

Several institutional investors and hedge funds have recently added to or reduced their stakes in REAL. Drive Wealth Management LLC purchased a new stake in shares of RealReal in the second quarter valued at approximately $32,000. Calamos Advisors LLC acquired a new position in RealReal in the second quarter valued at $34,000. Evoke Wealth LLC acquired a new stake in RealReal in the second quarter valued at $36,000. Crown Wealth Group LLC purchased a new stake in shares of RealReal in the 1st quarter worth $39,000. Finally, Game Plan Financial Advisors LLC boosted its position in shares of RealReal by 233.3% in the first quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock worth $39,000 after purchasing an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 64.73% of the company’s shares.

Analysts set new price targets

Several analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of RealReal from $2.00 to $4.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Robert W. Baird cut their price target on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and set a $6.00 target price on shares of RealReal in a report on Wednesday, May 8th. Finally, Wedbush decreased their price target on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $4.17, based on data from MarketBeat.

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RealReal Company Profile

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RealReal, Inc operates an online marketplace for the resale of luxury goods in the United States. The company offers various product categories including women’s fashion, men’s fashion, jewelry and watches. It mainly sells products through its online marketplace and through retail stores. The company was founded in 2011 and is headquartered in San Francisco, California.

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