Dynamic Technology Lab Private Ltd cut its holdings in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 93.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,250 shares of the company's stock after selling 164,510 shares during the period. Dynamic Technology Lab Private Ltd's holdings in RealReal were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of RealReal in the 4th quarter valued at approximately $49,000. Harvest Fund Management Co. Ltd bought a new position in RealReal during the 4th quarter worth about $94,000. Charles Schwab Investment Management Inc. raised its stake in shares of RealReal by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,876 shares of the company's stock valued at $3,114,000 after purchasing an additional 9,453 shares during the period. Rhumbline Advisers lifted its holdings in shares of RealReal by 7.4% in 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, Jag Capital Management LLC bought a new position in shares of RealReal during the fourth quarter worth about $126,000. Institutional investors own 64.73% of the company's stock.
Analyst Ratings Changes
Several research analysts recently commented on the stock. UBS Group reduced their target price on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Northland Securities boosted their price target on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $8.33.
View Our Latest Stock Analysis on RealReal
RealReal Price Performance
REAL stock traded down $0.08 during midday trading on Tuesday, reaching $5.09. 2,162,492 shares of the company were exchanged, compared to its average volume of 2,672,871. The firm has a market capitalization of $566.25 million, a price-to-earnings ratio of -3.95 and a beta of 2.90. The business has a 50-day moving average price of $6.28 and a two-hundred day moving average price of $6.39. The RealReal, Inc. has a one year low of $2.24 and a one year high of $11.38.
RealReal (NASDAQ:REAL - Get Free Report) last released 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 analysts' expectations of $162.69 million. As a group, analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.
Insider Activity at RealReal
In other RealReal news, CAO Steve Ming Lo sold 23,477 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 $161,991.30. Following the transaction, the chief accounting officer now owns 330,117 shares in the company, valued at $2,277,807.30. This represents a 6.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gopal Ajay Madan sold 102,386 shares of RealReal 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 owns 1,327,198 shares of the company's stock, valued at approximately $9,157,666.20. The trade was a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 258,283 shares of company stock worth $1,782,153 in the last ninety days. 9.78% of the stock is owned by company insiders.
About RealReal
(
Free Report)
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.
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