Semanteon Capital Management LP Takes $1.57 Million Position in The RealReal, Inc. (NASDAQ:REAL)

Semanteon Capital Management LP purchased a new position in The RealReal, Inc. (NASDAQ:REAL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 143,181 shares of the company's stock, valued at approximately $1,565,000. RealReal comprises 0.8% of Semanteon Capital Management LP's holdings, making the stock its 2nd largest position. Semanteon Capital Management LP owned approximately 0.13% of RealReal as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in RealReal during the third quarter valued at approximately $88,000. Dynamic Technology Lab Private Ltd boosted its stake in shares of RealReal by 89.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 175,760 shares of the company's stock worth $552,000 after acquiring an additional 82,871 shares during the last quarter. Crestwood Capital Management L.P. grew its position in shares of RealReal by 20.6% during the 3rd quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company's stock valued at $3,748,000 after acquiring an additional 204,226 shares during the period. MetLife Investment Management LLC increased its stake in shares of RealReal by 43.9% in the 3rd quarter. MetLife Investment Management LLC now owns 35,970 shares of the company's stock worth $113,000 after purchasing an additional 10,981 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in RealReal in the 3rd quarter worth $1,163,000. Institutional investors own 64.73% of the company's stock.

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RealReal Stock Down 1.1 %

NASDAQ REAL traded down $0.07 during trading hours on Friday, reaching $6.23. The company's stock had a trading volume of 3,950,784 shares, compared to its average volume of 2,553,545. The RealReal, Inc. has a 1 year low of $2.24 and a 1 year high of $11.38. The company has a market capitalization of $693.07 million, a price-to-earnings ratio of -4.83 and a beta of 3.00. The firm's 50-day moving average price is $7.62 and its 200-day moving average price is $6.05.

RealReal (NASDAQ:REAL - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $162.69 million. Equities research analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Levesque Rati Sahi sold 113,917 shares of the company's stock in a transaction on Thursday, February 20th. The shares were 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 of the company's stock, valued at $15,919,673.10. This represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $161,991.30. Following the transaction, the chief accounting officer now owns 330,117 shares of the company's stock, valued at $2,277,807.30. This trade represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 654,761 shares of company stock worth $5,592,306. Corporate insiders own 9.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on REAL shares. Wells Fargo & Company raised RealReal from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $4.00 to $15.00 in a report on Monday, December 9th. Northland Securities boosted their price objective on 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 decreased their target price 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 investment 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. According to data from MarketBeat, RealReal has a consensus 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.