Quinn Opportunity Partners LLC Raises Holdings in The RealReal, Inc. (NASDAQ:REAL)

Quinn Opportunity Partners LLC lifted its stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 233.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,066,057 shares of the company's stock after buying an additional 746,172 shares during the quarter. Quinn Opportunity Partners LLC owned about 0.97% of RealReal worth $11,652,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. R Squared Ltd purchased a new position in RealReal during the 4th quarter worth approximately $49,000. XTX Topco Ltd purchased a new position in shares of RealReal during the third quarter worth approximately $63,000. Harvest Fund Management Co. Ltd acquired a new position in shares of RealReal in the 4th quarter valued at $94,000. Jag Capital Management LLC acquired a new position in shares of RealReal in the 4th quarter valued at $126,000. Finally, Olympiad Research LP purchased a new stake in RealReal in the 4th quarter valued at $136,000. Institutional investors and hedge funds own 64.73% of the company's stock.

RealReal Stock Performance

RealReal stock traded down $0.08 during trading hours on Tuesday, reaching $5.09. 2,162,156 shares of the stock were exchanged, compared to its average volume of 2,672,862. The stock has a market cap of $566.25 million, a P/E ratio of -3.95 and a beta of 2.90. The firm's 50 day moving average is $6.28 and its 200 day moving average is $6.39. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) 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. Equities research analysts expect that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

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Insider Transactions at RealReal

In other RealReal news, CEO Levesque Rati Sahi sold 113,917 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 2,307,199 shares in the company, valued at approximately $15,919,673.10. The trade was a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Luke Thomas Friang sold 18,503 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the transaction, the insider now owns 556,557 shares of the company's stock, valued at approximately $3,840,243.30. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 258,283 shares of company stock valued at $1,782,153 in the last ninety days. 9.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on REAL shares. UBS Group lowered their price objective 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 raised their price target on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $8.33.

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.