Walleye Capital LLC Takes $1.16 Million Position in The RealReal, Inc. (NASDAQ:REAL)

Walleye Capital LLC purchased a new stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 370,285 shares of the company's stock, valued at approximately $1,163,000. Walleye Capital LLC owned about 0.34% of RealReal at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of RealReal by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company's stock valued at $16,039,000 after acquiring an additional 18,352 shares during the last quarter. Capricorn Fund Managers Ltd increased its stake in RealReal by 40.4% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company's stock worth $4,417,000 after purchasing an additional 404,949 shares during the period. Crestwood Capital Management L.P. increased its stake in RealReal by 20.6% in the 3rd quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company's stock worth $3,748,000 after purchasing an additional 204,226 shares during the period. Anthracite Investment Company Inc. lifted its position in RealReal by 62.0% in the third quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company's stock valued at $2,340,000 after purchasing an additional 285,304 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of RealReal during the second quarter valued at approximately $1,563,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Trading Up 5.2 %

NASDAQ REAL traded up $0.32 during trading on Friday, hitting $6.44. The company had a trading volume of 2,192,787 shares, compared to its average volume of 2,612,518. The company's fifty day moving average is $3.86 and its 200-day moving average is $3.44. The RealReal, Inc. has a one year low of $1.52 and a one year high of $6.57. The company has a market cap of $706.40 million, a price-to-earnings ratio of -7.32 and a beta of 3.09.

Wall Street Analyst Weigh In

Several brokerages recently commented on REAL. Northland Capmk raised shares of RealReal to a "strong-buy" rating in a research note on Monday, September 16th. Northland Securities started coverage on shares of RealReal in a research report on Monday, September 16th. They issued an "outperform" rating and a $6.00 price objective on the stock. Finally, UBS Group upped their price objective on shares of RealReal from $3.00 to $3.25 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, RealReal currently has an average rating of "Moderate Buy" and an average target price of $4.46.

Insider Buying and Selling

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the transaction, the chief accounting officer now owns 391,525 shares of the company's stock, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.