MYDA Advisors LLC increased its holdings in shares of The RealReal, Inc. (NASDAQ:REAL – Free Report) by 40.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 330,000 shares of the company’s stock after acquiring an additional 95,000 shares during the quarter. RealReal makes up approximately 1.0% of MYDA Advisors LLC’s holdings, making the stock its 22nd biggest holding. MYDA Advisors LLC owned 0.28% of RealReal worth $5,207,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new stake in RealReal during the third quarter worth about $28,000. Larson Financial Group LLC acquired a new stake in shares of RealReal in the third quarter valued at approximately $31,000. Flagship Harbor Advisors LLC acquired a new stake in shares of RealReal in the fourth quarter valued at approximately $71,000. EHP Funds Inc. acquired a new stake in shares of RealReal in the third quarter valued at approximately $107,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of RealReal in the third quarter valued at approximately $108,000. Institutional investors and hedge funds own 64.73% of the company’s stock.
RealReal Price Performance
RealReal stock opened at $10.28 on Monday. The firm has a 50 day simple moving average of $10.26 and a 200-day simple moving average of $12.26. The stock has a market capitalization of $1.24 billion, a PE ratio of -10.08 and a beta of 2.72. The RealReal, Inc. has a 12-month low of $4.70 and a 12-month high of $17.39.
Wall Street Analyst Weigh In
REAL has been the topic of several analyst reports. Robert W. Baird set a $13.00 price target on shares of RealReal in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. BTIG Research restated a “buy” rating and issued a $17.00 price target on shares of RealReal in a research note on Wednesday, June 3rd. Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, UBS Group restated a “buy” rating on shares of RealReal in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.25.
Insiders Place Their Bets
In other news, CAO Steve Ming Lo sold 12,077 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $111,712.25. Following the completion of the transaction, the chief accounting officer directly owned 189,469 shares in the company, valued at $1,752,588.25. This trade represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Luke Thomas Friang sold 21,183 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $195,942.75. Following the completion of the transaction, the insider owned 530,676 shares of the company’s stock, valued at $4,908,753. This trade represents a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 218,415 shares of company stock valued at $2,022,402. 2.66% of the stock is currently owned by insiders.
RealReal Profile
The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.
At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.
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