SPX Gestao de Recursos Ltda Buys Shares of 100,000 The RealReal, Inc. (NASDAQ:REAL)

SPX Gestao de Recursos Ltda purchased a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 100,000 shares of the company's stock, valued at approximately $1,093,000. SPX Gestao de Recursos Ltda owned about 0.09% of RealReal at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new position in RealReal during the fourth quarter worth about $49,000. Jag Capital Management LLC bought a new position in shares of RealReal during the 4th quarter worth approximately $126,000. Olympiad Research LP acquired a new position in shares of RealReal during the 4th quarter worth approximately $136,000. Y Intercept Hong Kong Ltd bought a new stake in RealReal in the 4th quarter valued at $153,000. Finally, XTX Topco Ltd acquired a new stake in RealReal during the 3rd quarter valued at $63,000. Institutional investors own 64.73% of the company's stock.

RealReal Stock Up 6.9 %

Shares of REAL traded up $0.38 during trading hours on Wednesday, hitting $5.82. 1,838,341 shares of the company were exchanged, compared to its average volume of 3,455,025. The company has a market cap of $646.90 million, a price-to-earnings ratio of -4.52 and a beta of 3.00. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38. The firm's fifty day moving average is $8.18 and its 200 day moving average is $5.89.

RealReal (NASDAQ:REAL - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (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. Analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current year.

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Analysts Set New Price Targets

REAL has been the topic of several research reports. UBS Group decreased their price objective on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, Northland Securities raised their price objective on shares of 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 given a strong buy rating to the stock. Based on data from MarketBeat, RealReal presently has a consensus rating of "Moderate Buy" and an average price target of $8.33.

Insider Buying and Selling

In related news, CAO Steve Ming Lo sold 23,477 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 $161,991.30. Following the completion of the sale, the chief accounting officer now directly owns 330,117 shares in the company, valued at $2,277,807.30. This represents a 6.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction dated 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 $3,840,243.30. This represents a 3.22 % 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 worth $5,592,306 in the last ninety days. 9.78% of the stock is owned by insiders.

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.