Royce & Associates LP Invests $2.05 Million in The RealReal, Inc. (NASDAQ:REAL)

Royce & Associates LP acquired a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 187,500 shares of the company's stock, valued at approximately $2,049,000. Royce & Associates LP owned 0.17% of RealReal as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Anchorage Capital Advisors L.P. purchased a new position in shares of RealReal in the 3rd quarter worth $10,675,000. Raymond James Financial Inc. acquired a new stake in shares of RealReal in the fourth quarter worth $5,143,000. Walleye Capital LLC purchased a new position in shares of RealReal in the 3rd quarter valued at $1,163,000. State Street Corp lifted its holdings in shares of RealReal by 22.3% during the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company's stock valued at $5,342,000 after acquiring an additional 310,116 shares in the last quarter. Finally, Wexford Capital LP acquired a new position in shares of RealReal during the 3rd quarter valued at $942,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at RealReal

In related news, CFO Gopal Ajay Madan sold 102,386 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $706,463.40. Following the sale, the chief financial officer now directly owns 1,327,198 shares in the company, valued at $9,157,666.20. This trade represents a 7.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 654,761 shares of company stock worth $5,592,306. Insiders own 9.78% of the company's stock.

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RealReal Stock Performance

Shares of NASDAQ REAL traded down $0.48 during midday trading on Tuesday, hitting $6.28. The company's stock had a trading volume of 2,670,469 shares, compared to its average volume of 2,553,901. The RealReal, Inc. has a 1-year low of $2.24 and a 1-year high of $11.38. The firm's fifty day moving average price is $7.59 and its 200-day moving average price is $6.11. The firm has a market cap of $698.63 million, a P/E ratio of -4.87 and a beta of 3.00.

RealReal (NASDAQ:REAL - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. As a group, research analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on REAL shares. Wells Fargo & Company upgraded RealReal from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $4.00 to $15.00 in a report on Monday, December 9th. UBS Group decreased their price objective on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, Northland Securities lifted their target price on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. Two research 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $8.33.

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.