Royce & Associates LP Acquires New Shares in The RealReal, Inc. (NASDAQ:REAL)

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

A number of other institutional investors have also recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in RealReal during the 4th quarter worth approximately $49,000. XTX Topco Ltd bought a new position in RealReal during the third quarter worth $63,000. Intech Investment Management LLC acquired a new position in RealReal in the third quarter worth $88,000. MetLife Investment Management LLC increased its stake in RealReal by 43.9% during the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company's stock valued at $113,000 after purchasing an additional 10,981 shares during the last quarter. Finally, Jag Capital Management LLC acquired a new stake in shares of RealReal during the fourth quarter worth $126,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Price Performance

Shares of RealReal stock traded down $0.07 on Friday, hitting $6.23. The company had a trading volume of 3,950,784 shares, compared to its average volume of 2,553,545. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38. The company has a market cap of $693.07 million, a PE ratio of -4.83 and a beta of 3.00. The business has a 50-day simple moving average of $7.62 and a 200-day simple moving average of $6.05.

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RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly 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 business had revenue of $164.00 million for the quarter, compared to analysts' expectations of $162.69 million. On average, equities research analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

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 sale, the chief executive officer now owns 2,307,199 shares in the company, valued at approximately $15,919,673.10. The trade was a 4.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gopal Ajay Madan sold 102,386 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $706,463.40. Following the sale, the chief financial officer now directly owns 1,327,198 shares of the company's stock, valued at $9,157,666.20. This represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 654,761 shares of company stock valued at $5,592,306 over the last ninety days. Insiders own 9.78% of the company's stock.

Analyst Upgrades and Downgrades

REAL has been the subject of several recent research reports. Wells Fargo & Company raised RealReal from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $4.00 to $15.00 in a report on Monday, December 9th. Northland Securities boosted their target price on shares of RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a research note on Tuesday, December 17th. Finally, UBS Group dropped their price target on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, RealReal has a consensus rating of "Moderate Buy" and an average target price 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.