ProShare Advisors LLC raised its stake in The RealReal, Inc. (NASDAQ:REAL – Free Report) by 1,248.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 198,665 shares of the company’s stock after buying an additional 183,931 shares during the period. ProShare Advisors LLC’s holdings in RealReal were worth $1,756,000 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 stock. State of Wyoming raised its holdings in shares of RealReal by 9.3% in the third quarter. State of Wyoming now owns 78,634 shares of the company’s stock worth $695,000 after acquiring an additional 6,674 shares during the last quarter. U S Global Investors Inc. increased its position in RealReal by 93.8% during the 3rd quarter. U S Global Investors Inc. now owns 62,000 shares of the company’s stock worth $548,000 after purchasing an additional 30,000 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in RealReal by 60.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,534 shares of the company’s stock valued at $67,000 after purchasing an additional 2,846 shares during the last quarter. Net Worth Advisory Group raised its stake in RealReal by 11.7% in the 3rd quarter. Net Worth Advisory Group now owns 17,345 shares of the company’s stock valued at $155,000 after purchasing an additional 1,810 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in RealReal in the 2nd quarter valued at about $713,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.
RealReal Stock Performance
Shares of REAL stock traded down $0.13 during trading hours on Friday, reaching $12.87. The company had a trading volume of 3,278,814 shares, compared to its average volume of 4,159,986. The company has a market capitalization of $1.61 billion, a P/E ratio of -19.21 and a beta of 2.86. The RealReal, Inc. has a twelve month low of $8.05 and a twelve month high of $17.39. The stock’s fifty day simple moving average is $10.20 and its 200 day simple moving average is $10.96.
RealReal (NASDAQ:REAL – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $206.12 million for the quarter, compared to analysts’ expectations of $196.89 million. During the same period last year, the firm earned ($0.09) EPS. The business’s quarterly revenue was up 18.7% on a year-over-year basis. As a group, equities analysts expect that The RealReal, Inc. will post -0.10 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on REAL shares. UBS Group decreased their target price on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, October 22nd. BTIG Research reissued a “buy” rating and set a $17.00 price target on shares of RealReal in a research note on Thursday, September 17th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Thursday, October 15th. Wall Street Zen raised RealReal from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Finally, Roth Capital reaffirmed a “buy” rating and issued a $19.00 price objective on shares of RealReal in a research report on Friday, October 16th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.50.
View Our Latest Analysis on REAL
Insider Transactions at RealReal
In related news, CFO Gopal Madan sold 36,418 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $399,869.64. Following the sale, the chief financial officer owned 1,108,860 shares of the company’s stock, valued at approximately $12,175,282.80. This trade represents a 3.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Todd A. Suko sold 17,567 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.97, for a total value of $192,709.99. Following the transaction, the insider owned 587,897 shares of the company’s stock, valued at $6,449,230.09. This represents a 2.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 173,004 shares of company stock valued at $1,899,283 over the last 90 days. Corporate insiders own 2.66% of the company’s stock.
RealReal Company Profile
The RealReal, Inc operates an online and physical marketplace for authenticated, pre-owned luxury goods. Through its platform, the company enables individuals and businesses to consign and purchase items across categories such as apparel, handbags, shoes, jewelry, watches, fine art, and home furnishings.
The company combines consignment services with in-house authentication, merchandising, photography, fulfillment, and customer support. Its authentication process is designed to assess the legitimacy and condition of products before they are offered for sale, helping connect sellers with buyers seeking luxury items through the resale market.
Founded in 2011 by Julie Wainwright, The RealReal serves customers primarily in the United States through its website, mobile applications, and retail locations.
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