Jump Financial LLC Reduces Stake in The RealReal, Inc. (NASDAQ:REAL)

Jump Financial LLC lessened its stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 28.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,600 shares of the company's stock after selling 80,843 shares during the period. Jump Financial LLC owned about 0.18% of RealReal worth $2,193,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of REAL. State Street Corp increased its holdings in shares of RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company's stock valued at $5,342,000 after purchasing an additional 310,116 shares during the period. Trexquant Investment LP acquired a new position in shares of RealReal in the 4th quarter valued at about $3,262,000. Barclays PLC increased its holdings in shares of RealReal by 306.7% in the 3rd quarter. Barclays PLC now owns 136,262 shares of the company's stock valued at $428,000 after purchasing an additional 102,759 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of RealReal by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock valued at $2,319,000 after purchasing an additional 97,700 shares during the period. Finally, Aigen Investment Management LP increased its holdings in shares of RealReal by 513.5% in the 4th quarter. Aigen Investment Management LP now owns 93,550 shares of the company's stock valued at $1,023,000 after purchasing an additional 78,301 shares during the period. Institutional investors and hedge funds own 64.73% of the company's stock.

RealReal Stock Performance

REAL stock traded up $0.34 during midday trading on Thursday, hitting $6.11. 706,595 shares of the company's stock were exchanged, compared to its average volume of 2,692,505. The company has a market cap of $690.44 million, a PE ratio of -4.71 and a beta of 2.90. The stock's fifty day moving average price is $5.91 and its 200-day moving average price is $6.46. 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 announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The business had revenue of $164.00 million during the quarter, compared to analysts' expectations of $162.69 million. On average, analysts expect that The RealReal, Inc. will post -0.4 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their target price on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Two 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $8.33.

Insider Activity at RealReal

In other RealReal news, CEO Levesque Rati Sahi sold 113,917 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $786,027.30. Following the completion of the transaction, the chief executive officer now 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gopal Ajay Madan sold 102,386 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $706,463.40. Following the transaction, the chief financial officer now directly 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 258,283 shares of company stock worth $1,782,153. Company insiders own 9.78% of the company's stock.

RealReal 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.