Quantbot Technologies LP Makes New $862,000 Investment in The RealReal, Inc. (NASDAQ:REAL)

Quantbot Technologies LP purchased a new stake in shares of The RealReal, Inc. (NASDAQ:REAL) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 78,876 shares of the company’s stock, valued at approximately $862,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in RealReal during the fourth quarter valued at approximately $49,000. Harvest Fund Management Co. Ltd purchased a new position in RealReal in the fourth quarter worth $94,000. Charles Schwab Investment Management Inc. increased its stake in RealReal by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,876 shares of the company’s stock valued at $3,114,000 after acquiring an additional 9,453 shares during the last quarter. Rhumbline Advisers raised its position in RealReal by 7.4% during the fourth quarter. Rhumbline Advisers now owns 143,743 shares of the company’s stock valued at $1,571,000 after purchasing an additional 9,893 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in RealReal by 43.9% during the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after purchasing an additional 10,981 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Stock Performance

NASDAQ:REAL opened at $6.09 on Thursday. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38. The firm has a market cap of $677.49 million, a PE ratio of -4.72 and a beta of 3.00. The business has a 50 day moving average price of $7.49 and a 200-day moving average price of $6.14.

RealReal (NASDAQ:REAL) last announced 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 business had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. Research analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Buying and Selling

In other news, CFO Gopal Ajay Madan sold 102,386 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the completion of the sale, the chief financial officer now directly owns 1,327,198 shares of the company’s stock, valued at approximately $9,157,666.20. This trade represents a 7.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Levesque Rati Sahi sold 113,917 shares of RealReal stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $786,027.30. Following the sale, the chief executive officer now directly owns 2,307,199 shares in the company, valued at $15,919,673.10. The trade was a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 654,761 shares of company stock valued at $5,592,306 over the last ninety days. 9.78% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on REAL shares. UBS Group reduced their price objective on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Northland Securities increased their price target on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $8.33.

About RealReal

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.