GSA Capital Partners LLP Purchases Shares of 90,328 The RealReal, Inc. $REAL

GSA Capital Partners LLP bought a new position in shares of The RealReal, Inc. (NASDAQ:REAL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 90,328 shares of the company’s stock, valued at approximately $1,065,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its position in shares of RealReal by 58.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock valued at $36,765,000 after purchasing an additional 1,489,939 shares during the period. Renaissance Technologies LLC grew its position in RealReal by 117.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,646,200 shares of the company’s stock valued at $14,947,000 after buying an additional 890,700 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of RealReal by 589.2% in the first quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock valued at $4,786,000 after acquiring an additional 759,160 shares in the last quarter. Cannell Capital LLC boosted its holdings in RealReal by 75.3% in the 2nd quarter. Cannell Capital LLC now owns 1,429,207 shares of the company’s stock valued at $6,846,000 after purchasing an additional 613,845 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in RealReal during the fourth quarter worth $8,510,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Price Performance

Shares of REAL opened at $11.08 on Tuesday. The stock’s 50-day moving average is $11.52 and its two-hundred day moving average is $11.03. The stock has a market cap of $1.35 billion, a PE ratio of -9.89 and a beta of 2.69. The RealReal, Inc. has a 12 month low of $7.21 and a 12 month high of $17.39.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, research analysts anticipate that The RealReal, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

REAL has been the topic of several recent analyst reports. Weiss Ratings restated 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 target price on shares of RealReal in a report on Wednesday, June 3rd. UBS Group raised their price objective on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Roth Capital reissued a “buy” rating and issued a $19.00 target price on shares of RealReal in a research report on Friday, August 7th. Finally, Robert W. Baird set a $13.00 price target on RealReal in a research report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, RealReal currently has an average rating of “Moderate Buy” and an average price target of $17.75.

Insider Buying and Selling

In other news, insider Luke Thomas Friang sold 21,183 shares of RealReal 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 sale, the insider owned 530,676 shares in the company, valued at $4,908,753. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Levesque Rati Sahi sold 81,194 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 $751,044.50. Following the transaction, the chief executive officer directly owned 1,581,276 shares in the company, valued at approximately $14,626,803. The trade was a 4.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 166,830 shares of company stock valued at $1,543,178 over the last three months. Company insiders own 2.66% of the company’s stock.

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.