GSA Capital Partners LLP Sells 230,998 Shares of The RealReal, Inc. (NASDAQ:REAL)

GSA Capital Partners LLP lowered its position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 46.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 267,789 shares of the company's stock after selling 230,998 shares during the quarter. GSA Capital Partners LLP owned about 0.25% of RealReal worth $841,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in RealReal in the 2nd quarter valued at $1,563,000. AWM Investment Company Inc. bought a new position in shares of RealReal in the first quarter worth $1,862,000. Capricorn Fund Managers Ltd raised its stake in RealReal by 40.4% in the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company's stock valued at $4,417,000 after purchasing an additional 404,949 shares in the last quarter. NewEdge Advisors LLC lifted its position in RealReal by 309.9% during the second quarter. NewEdge Advisors LLC now owns 435,554 shares of the company's stock worth $1,389,000 after purchasing an additional 329,303 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in RealReal during the second quarter worth about $915,000. Institutional investors own 64.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on REAL shares. Northland Securities initiated coverage on shares of RealReal in a research report on Monday, September 16th. They issued an "outperform" rating and a $6.00 target price for the company. Robert W. Baird lowered their price objective on shares of RealReal from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. UBS Group raised their target price on RealReal from $3.00 to $3.25 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Wedbush decreased their price target on RealReal from $4.50 to $4.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Finally, Northland Capmk upgraded RealReal to a "strong-buy" rating in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, RealReal has an average rating of "Moderate Buy" and an average target price of $4.46.

Insider Buying and Selling

In related news, insider Luke Thomas Friang sold 16,239 shares of RealReal stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $42,383.79. Following the sale, the insider now directly owns 517,598 shares in the company, valued at $1,350,930.78. This trade represents a 3.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Levesque Rati Sahi sold 46,488 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $121,333.68. Following the completion of the transaction, the president now owns 1,210,375 shares of the company's stock, valued at approximately $3,159,078.75. This trade represents a 3.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 116,337 shares of company stock worth $303,970 in the last 90 days. Insiders own 9.78% of the company's stock.

RealReal Price Performance

Shares of NASDAQ:REAL remained flat at $3.99 during trading on Friday. 1,825,878 shares of the stock traded hands, compared to its average volume of 2,560,035. The RealReal, Inc. has a 52 week low of $1.52 and a 52 week high of $4.64. The firm has a market cap of $437.66 million, a P/E ratio of -4.53 and a beta of 2.79. The stock has a fifty day simple moving average of $3.19 and a 200 day simple moving average of $3.31.

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.