River Global Investors LLP Sells 159,511 Shares of The RealReal, Inc. (NASDAQ:REAL)

River Global Investors LLP decreased its stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 44.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 200,112 shares of the company's stock after selling 159,511 shares during the quarter. River Global Investors LLP owned about 0.18% of RealReal worth $2,184,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Anchorage Capital Advisors L.P. purchased a new stake in RealReal during the third quarter valued at $10,675,000. Woodson Capital Management LP raised its stake in RealReal by 2.9% during the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company's stock valued at $16,956,000 after purchasing an additional 150,000 shares in the last quarter. Geode Capital Management LLC raised its stake in RealReal by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company's stock valued at $7,204,000 after purchasing an additional 44,716 shares in the last quarter. State Street Corp raised its stake in RealReal by 22.3% during the third quarter. State Street Corp now owns 1,701,387 shares of the company's stock valued at $5,342,000 after purchasing an additional 310,116 shares in the last quarter. Finally, Crestwood Capital Management L.P. raised its stake in RealReal by 20.6% during the third quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company's stock valued at $3,748,000 after purchasing an additional 204,226 shares in the last quarter. Hedge funds and other institutional investors own 64.73% of the company's stock.

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RealReal Price Performance

Shares of REAL traded up $0.33 during midday trading on Tuesday, hitting $5.44. The stock had a trading volume of 3,736,535 shares, compared to its average volume of 3,482,365. The RealReal, Inc. has a 1 year low of $2.24 and a 1 year high of $11.38. The firm has a market cap of $605.18 million, a PE ratio of -4.22 and a beta of 3.00. The stock's 50 day moving average is $8.18 and its 200 day moving average is $5.89.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates 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. As a group, equities research analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Transactions at RealReal

In other news, 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 value of $706,463.40. Following the transaction, the chief financial officer now directly owns 1,327,198 shares in the company, valued at approximately $9,157,666.20. This represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Levesque Rati Sahi sold 113,917 shares of the company'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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 654,761 shares of company stock worth $5,592,306. Insiders own 9.78% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company raised 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. UBS Group decreased 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. Finally, Northland Securities increased 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. Two investment 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, the company has a consensus rating of "Moderate Buy" and an average target price of $8.33.

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.