Royce & Associates LP Invests $2.05 Million in The RealReal, Inc. (NASDAQ:REAL)

Royce & Associates LP purchased a new stake in shares of The RealReal, Inc. (NASDAQ:REAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 187,500 shares of the company’s stock, valued at approximately $2,049,000.

A number of other hedge funds also recently added to or reduced their stakes in REAL. R Squared Ltd purchased a new stake in RealReal during the 4th quarter valued at $49,000. XTX Topco Ltd bought a new position in shares of RealReal during the third quarter valued at $63,000. Intech Investment Management LLC purchased a new stake in shares of RealReal during the third quarter valued at $88,000. MetLife Investment Management LLC increased its holdings in RealReal by 43.9% in the 3rd quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after buying an additional 10,981 shares in the last quarter. Finally, Jag Capital Management LLC purchased a new position in RealReal in the 4th quarter worth about $126,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at RealReal

In other news, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $161,991.30. Following the transaction, the chief accounting officer now owns 330,117 shares of the company’s stock, valued at approximately $2,277,807.30. This trade represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 654,761 shares of company stock worth $5,592,306. Corporate insiders own 9.78% of the company’s stock.

RealReal Trading Up 2.1 %

REAL opened at $6.30 on Friday. The company’s 50 day moving average is $7.67 and its 200 day moving average is $6.00. The company has a market cap of $700.86 million, a price-to-earnings ratio of -4.88 and a beta of 3.00. The RealReal, Inc. has a 12-month low of $2.24 and a 12-month high of $11.38.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The firm had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. As a group, analysts predict that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Northland Securities raised 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. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Finally, UBS Group decreased their target price on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.33.

RealReal 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.