Renaissance Technologies LLC Has $14.95 Million Holdings in The RealReal, Inc. $REAL

Renaissance Technologies LLC lifted its holdings in shares of The RealReal, Inc. (NASDAQ:REALFree Report) by 117.9% during the 1st quarter, Holdings Channel reports. The firm owned 1,646,200 shares of the company’s stock after purchasing an additional 890,700 shares during the period. Renaissance Technologies LLC’s holdings in RealReal were worth $14,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in REAL. Quarry LP bought a new stake in shares of RealReal in the third quarter valued at approximately $28,000. KBC Group NV acquired a new stake in RealReal during the first quarter worth approximately $26,000. Larson Financial Group LLC bought a new position in RealReal during the 3rd quarter worth $31,000. Gables Capital Management Inc. bought a new position in RealReal during the 1st quarter worth $35,000. Finally, Flagship Harbor Advisors LLC acquired a new position in RealReal in the 4th quarter valued at $71,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. BTIG Research restated a “buy” rating and issued a $17.00 price target on shares of RealReal in a research report on Wednesday, June 3rd. Wall Street Zen downgraded RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Robert W. Baird set a $13.00 price objective on shares of RealReal in a research report on Friday, May 8th. Finally, UBS Group reiterated a “buy” rating on shares of RealReal in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, RealReal presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

View Our Latest Stock Analysis on REAL

Insider Activity at RealReal

In related news, insider Luke Thomas Friang sold 21,183 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $195,942.75. Following the sale, the insider owned 530,676 shares in the company, valued at $4,908,753. The trade was a 3.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Steve Ming Lo sold 12,077 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was 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 of the company’s stock, valued at approximately $1,752,588.25. The trade was a 5.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 166,830 shares of company stock worth $1,543,178 over the last 90 days. 2.66% of the stock is currently owned by company insiders.

RealReal Trading Up 1.5%

REAL opened at $12.09 on Friday. The company has a market cap of $1.46 billion, a P/E ratio of -11.85 and a beta of 2.66. The company’s 50 day moving average is $10.97 and its 200-day moving average is $11.41. The RealReal, Inc. has a 1-year low of $5.00 and a 1-year high of $17.39.

RealReal (NASDAQ:REALGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $189.72 million during the quarter, compared to the consensus estimate of $187.82 million. RealReal’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) EPS. On average, equities analysts forecast that The RealReal, Inc. will post -0.14 EPS for the current year.

RealReal Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding REAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The RealReal, Inc. (NASDAQ:REALFree Report).

Institutional Ownership by Quarter for RealReal (NASDAQ:REAL)

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