Aigen Investment Management LP Purchases 78,301 Shares of The RealReal, Inc. (NASDAQ:REAL)

Aigen Investment Management LP increased its position in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 513.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,550 shares of the company's stock after acquiring an additional 78,301 shares during the quarter. Aigen Investment Management LP owned about 0.09% of RealReal worth $1,023,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of REAL. R Squared Ltd bought a new position in shares of RealReal during the 4th quarter worth about $49,000. XTX Topco Ltd bought a new position in shares of RealReal during the 3rd quarter worth about $63,000. Intech Investment Management LLC bought a new position in shares of RealReal during the 3rd quarter worth about $88,000. MetLife Investment Management LLC increased its holdings in shares of RealReal by 43.9% during the 3rd 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 period. Finally, Jag Capital Management LLC bought a new position in shares of RealReal during the 4th quarter worth about $126,000. Institutional investors own 64.73% of the company's stock.

RealReal Price Performance

Shares of REAL stock traded up $0.08 during trading hours on Friday, reaching $5.40. 2,980,470 shares of the company were exchanged, compared to its average volume of 3,472,344. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38. The stock's fifty day moving average is $8.41 and its two-hundred day moving average is $5.83. The company has a market cap of $600.73 million, a price-to-earnings ratio of -4.19 and a beta of 3.00.

Remove Ads

RealReal (NASDAQ:REAL - Get Free Report) last announced 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 firm had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. On average, research analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on REAL shares. UBS Group decreased their target price on shares of 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 lifted their target price 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 lifted their target price for the company from $4.00 to $15.00 in a research 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $8.33.

Insider Buying and Selling

In related news, 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 transaction of $161,991.30. Following the completion of the sale, the chief accounting officer now directly owns 330,117 shares of the company's stock, valued at $2,277,807.30. The trade was a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO John E. Koryl sold 396,478 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Insiders sold a total of 654,761 shares of company stock valued at $5,592,306 over the last ninety days. 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.