Quantbot Technologies LP Acquires Shares of 78,876 The RealReal, Inc. (NASDAQ:REAL)

Quantbot Technologies LP acquired a new position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 78,876 shares of the company's stock, valued at approximately $862,000. Quantbot Technologies LP owned about 0.07% of RealReal as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Anchorage Capital Advisors L.P. acquired a new position in shares of RealReal in the third quarter worth $10,675,000. Woodson Capital Management LP lifted its holdings in RealReal by 2.9% in the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company's stock valued at $16,956,000 after purchasing an additional 150,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of RealReal by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company's stock worth $7,204,000 after purchasing an additional 44,716 shares during the last quarter. State Street Corp raised its position in shares of RealReal by 22.3% in the third quarter. State Street Corp now owns 1,701,387 shares of the company's stock valued at $5,342,000 after buying an additional 310,116 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in RealReal by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock worth $2,319,000 after acquiring an additional 97,700 shares during the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on REAL shares. Wells Fargo & Company upgraded RealReal from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Northland Securities increased their target price on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. Finally, UBS Group lowered their price target on RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $8.33.

RealReal Trading Down 3.3 %

NASDAQ:REAL traded down $0.19 on Friday, hitting $5.62. 2,747,394 shares of the stock were exchanged, compared to its average volume of 2,616,911. The stock has a fifty day moving average of $7.34 and a 200-day moving average of $6.21. The stock has a market cap of $625.21 million, a PE ratio of -4.36 and a beta of 3.00. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38.

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

Insider Activity

In related news, CEO Levesque Rati Sahi sold 113,917 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $786,027.30. Following the transaction, the chief executive officer now directly owns 2,307,199 shares of the company's stock, valued at approximately $15,919,673.10. The trade was a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Gopal Ajay Madan sold 102,386 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction 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 $9,157,666.20. This trade represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 654,761 shares of company stock valued at $5,592,306. Company insiders own 9.78% 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.