Gotham Asset Management LLC Buys New Stake in The RealReal, Inc. (NASDAQ:REAL)

Gotham Asset Management LLC purchased a new position in shares of The RealReal, Inc. (NASDAQ:REAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 74,698 shares of the company’s stock, valued at approximately $816,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quarry LP lifted its position in RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after acquiring an additional 1,569 shares during the last quarter. R Squared Ltd acquired a new stake in shares of RealReal during the fourth quarter worth about $49,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of RealReal by 8.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 101,035 shares of the company’s stock valued at $1,105,000 after purchasing an additional 7,645 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal in the 4th quarter valued at about $94,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of RealReal by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,876 shares of the company’s stock valued at $3,114,000 after purchasing an additional 9,453 shares during the period. 64.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at RealReal

In related news, CEO Levesque Rati Sahi sold 113,917 shares of the stock in a transaction dated Thursday, February 20th. The shares were 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 directly owns 2,307,199 shares of the company’s stock, valued at $15,919,673.10. This represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Gopal Ajay Madan sold 102,386 shares of RealReal stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the completion of the sale, the chief financial officer now directly owns 1,327,198 shares in the company, valued at $9,157,666.20. This represents a 7.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 258,283 shares of company stock worth $1,782,153. Company insiders own 9.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group lifted their price target on RealReal from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $8.40.

RealReal Stock Performance

Shares of REAL opened at $5.48 on Monday. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38. The firm has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $6.85. The company has a market capitalization of $619.76 million, a price-to-earnings ratio of -4.25 and a beta of 2.61.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The company had revenue of $160.03 million for the quarter, compared to analysts’ expectations of $159.98 million. Equities research analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current year.

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.