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

Semanteon Capital Management LP bought a new position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 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 biggest position. Semanteon Capital Management LP owned 0.13% of RealReal as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd acquired a new stake in shares of RealReal during the fourth quarter worth $94,000. Royce & Associates LP purchased a new position in RealReal in the 4th quarter worth $2,049,000. SPX Gestao de Recursos Ltda acquired a new stake in RealReal during the 4th quarter worth about $1,093,000. Raymond James Financial Inc. purchased a new stake in RealReal during the 4th quarter valued at about $5,143,000. Finally, Aigen Investment Management LP increased its holdings in shares of RealReal by 513.5% in the fourth 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. 64.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on REAL. Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Securities upped their price target on shares of RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a report on Tuesday, December 17th. Finally, UBS Group cut their price target on RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $8.33.

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Insider Activity

In related news, CEO John E. Koryl sold 396,478 shares of RealReal 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Levesque Rati Sahi sold 113,917 shares of the company'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 transaction, 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 disclosure for this sale can be found here. Insiders sold 654,761 shares of company stock worth $5,592,306 over the last three months. 9.78% of the stock is currently owned by corporate insiders.

RealReal Trading Down 7.1 %

REAL traded down $0.48 on Tuesday, reaching $6.28. The stock had a trading volume of 2,670,669 shares, compared to its average volume of 2,553,901. The business's 50-day moving average price is $7.59 and its two-hundred day moving average price is $6.11. The company has a market cap of $698.63 million, a P/E ratio of -4.87 and a beta of 3.00. The RealReal, Inc. has a 12-month low of $2.24 and a 12-month 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 the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million during the quarter, compared to analysts' expectations of $162.69 million. As a group, analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

About RealReal

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.